Channel Breakdown : HindalcoHindalco candle has managed to close below the channel breakout line and hence we can see the further downside. The price target for the same will be distance between 2 channels with keeping stop loss of the previous candle high. Moving averages showing downside crossover.
* It is my analysis and not a recommendation to buy or sell.
Parallelchannelbreakdown
Hindustan Unilever - Channel breakout 🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
Tata Consumer - Breakout after 1 year🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
Motherson Sumi - Reversal from channel bottom🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
ADANI PORTS weekly chart analysis Price has come back in the parallel channel. There are five" No Trading Zones". Price has twelve touches on the Gravitation line, five touches on the upper band, and six touches on the lower band. There is the line of the power where the price has five major reversals. Also, bullish volume is increasing on the chart. Price has made an excess on the chart, and we can see throw over on the parallel channel. As per the excess, we can ensure that price extreme can make excess on the upper band of the parallel channel, Or price will touch the upper band and reverse itself. The upper band indicates high selling points and the lower band indicates high buying points.
bank niftyonly for study
according Elliott's wave theory it has completed its 1st cycle perfectly.
--------------------------------------------------------------------------------------
and have a look at its bar ..... aporox 144 bar are there
____________________________________________________________
____________________________________________________________
So lets assume 5th wave as 1 wave of its higher degree
and 8th wave as 2nd wave of higher degree
-------------------------------------------------------------------------------------
Now there can be some consolidation in 2nd wave ... but after breakout we can assume that it will give an awsm rally for 3rd wave
_________________________________________________
THANKS ..
_________________________________________________
Manappuram (Elliot wave )now in 8th wave of Elliot and made ahead and shoulder pattern at top .
-------------------------------------
________________________________________________________________
if it breaches itss neck line @ 145
then sell it below 145 for target - 135 which if next support for manappuran
_______________________________________________________________