Get started

Parallelchannels

Havells Bullish Flag Breakout: Can We See a Rally to 1680+?Havells India Ltd. is currently showing a classic bullish technical setup—a Bullish Flag Pattern—that could lead to a potential breakout and strong upside movement in the short term. Traders who favor breakout-based strategies should pay close attention to this chart, especially considering the structured parallel channel and previous rally that preceded it. 1. Bullish Flag Pattern: Anatomy of the Setup A bull flag is a continuation pattern that occurs after a sharp price rise (flagpole), followed by a period of consolidation within a narrow parallel channel (the flag). This structure typically suggests that the bullish trend will resume once the price breaks out of the flag range. In Havells: Flag Pole: The stock surged sharply from the 1517 zone to near 1610, forming a vertical rise. Flag/Channel: Price moved sideways within a narrow support at ~1570 and resistance at ~1610, creating a clean parallel channel. This shows price compression after a strong move, typically a sign of healthy consolidation before another leg up. 2. Breakout Levels and Price Action Confirmation As per the current chart: Havells has broken above the resistance zone around 1610, signaling a potential breakout. The breakout candle is attempting to close above the red resistance band, and follow-up candles will be crucial to confirm strength. A retest of this breakout zone could offer ideal long entries. 3. Projected Targets from the Pattern Using the flagpole height, we can project upside targets from the breakout point: Initial Target: ₹1630.15 A conservative target based on minor resistance and pole extension. Final Projected Target: ₹1680.45 This marks the full measured move and could be achieved if the rally sustains momentum. 4. Ideal Trading Plan (For Traders) Entry: After confirmed breakout above ₹1610 Or on retest near ₹1600–1610 zone with bullish price action. Stop Loss: Below the flag support zone at around ₹1570 Aggressive traders can keep it below ₹1585. Targets: T1: ₹1630 T2: ₹1680+ Risk-Reward Ratio: Minimum 1:2 depending on entry price. 5. Risk Scenarios to Watch For False Breakouts: If the breakout doesn’t sustain and price falls back into the channel, it may trap early longs. Macro Events: Broader market volatility (Nifty moves or global cues) can impact momentum. Volume: Lack of volume on breakout candles can reduce conviction—always monitor volume to confirm strength. Conclusion: Havells Looks Set for a Fresh Rally This is a textbook bullish flag breakout in formation, with clear upside potential. If the momentum sustains, Havells could very well reach 1680+ in the coming sessions. However, traders must practice disciplined risk management, wait for confirmation, and avoid chasing without a proper plan.
NSE:HAVELLSLong
by TradZoo
1
Multi-Pattern Insights: Triangle & Channel Structures (Timeframe: Monthly) IOLCP's monthly chart perfectly demonstrates how triangle patterns (converging trendlines creating compression) can coexist with parallel channel patterns (equidistant support/resistance lines). Triangle formations indicate price consolidation with diminishing volatility, while parallel channels show consistent bounce zones between defined boundaries. This multi-timeframe view reveals how experienced chartists identify multiple technical structures within a single timeframe—enhancing pattern recognition skills. Understanding these foundational concepts helps distinguish between different consolidation types and their structural characteristics. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Always conduct your own research before making any trading decisions.
NSE:IOLCPLong
by Averoy_Apoorv_Analysis
2500 Days of Structure? CUP & HANDLE Decoded!📌Left Side (Chart 1: Monthly TF) 🧠 Cup and Handle Pattern: A bullish continuation pattern that resembles the shape of a tea cup on longer timeframes. The “cup” shows a gradual rounded bottom (accumulation phase), followed by a smaller downward or sideways "handle" (last shakeout), often before strength resumes. It reflects long-term accumulation and investor confidence. 📈 Cup Duration in this case : 1277 days (approx. 3.5 years) 🧠Parallel Channel (Handle): A price structure where two trendlines contain price movement within a defined up or down slope. Often marks controlled consolidation or correction — neither side is dominating, until one breaks. 📈 Handle Formation in this case : 1250 days (approx. 3.4 years) 📌 Right Side (Chart 2: Weekly TF) 🧠 This is the zoom lens on the handle zone: 📍A key Demand Zone was breached temporarily… but reclaimed with conviction. 📍 Strong re-acceptance and consolidation followed, showing organized price behavior. 📍 The upper trendline of the parallel channel is where price recently pushed through — again, no forecasting — just a structural breakout from a well-defined zone.
NSE:RAINLong
by Averoy_Apoorv_Analysis
Olectra Greentech – Golden Ratio on MTF + Hidden channel on WTF📝 Description 📌On the Weekly Chart (Left) – Price action has formed a strong counter-trend (CT) breakout from a prolonged downtrend. Hidden within the structure is a parallel channel (highlighted in pink), with volume gradually increasing in the recent rally — a positive sign of accumulation. 📌On the Monthly Chart (Right) – A Fibonacci retracement drawn from the Feb 2023 low to the Feb 2024 high (a one-year strong uptrend) shows price taking support exactly at the 61.8% Golden Ratio. This reaction from a key retracement zone is aligned with historical technical behavior. This is not a forecast, but rather a technical observation of structure, retracement behavior, and volume dynamics.
NSE:OLECTRALong
by Averoy_Apoorv_Analysis
5
How These 2 Lines Caught Every Major Move in All 4 Indices! 📈 Keep It Simple, Keep It Powerful When price action starts making sense, you’ll realize how far a single Support and Resistance line can take you. 🟥🟩 NIFTY & BANKNIFTY – Two clear examples of parallel channel trends, marching higher with clean Higher Highs and Higher Lows. 🟩🟥 MIDCAP & SMALLCAP – Not just catching up, but breaking out of Multi-Timeframe contraction patterns with strength — a sign of broader market participation. They're now retesting and reclaiming previous highs after a much-needed breather. 💡What this chart tells us: -Trendlines aren't just lines—they’re psychological guides to institutional and retail behavior. -All four indices are moving in structured, rhythmic patterns. -Simplicity works best. The markets speak clearly when you know what to listen for.
NSE:NIFTYLong
by Averoy_Apoorv_Analysis
#SAIL#SAIL has corrected about 40% from recent swing high and currently trading near 61.8% retracement zone + weekly 200 ema and parallel channel support confluence zone. On weekly tf, it is probably trying to make a double bottom. Historidally, when it gave a breakdown below weekly 200 ema and unable to sustain above it, it continued to underperform for almost 8-10 years but now it is probably trying to take support around it. Also, RSI is making HLs off late, which is probably a good sign. In terms of R:R, this is currently a good bet on long side. As usual, DYOR and this isn't a Buy or Sell reco - but just an educational purpose post
NSE:SAIL
by aktradelearning
3
Rallis - 1. After reaching the pink channel top during the year 2010, it started moving sideways with very little inclination only to touch the other side of the parallel channel. 2. While going sideways,it formed the blue parallel channel. Whenever it touched the blue parallel channel bottom, it climbed higher to its top. Now it touched the bottom of the pink parallel channel + blue parallel channel+ support line of 254+ fib 0.618 retracement. 3. All the above led the strong foundation for its bullish rally and already gave 50% in 3 months. 4. Trade setup: a. After reaching the blue channel top, it it comes to 254, its good to enter as a aggressive entry. b. As a conservative entry, entry should be done only after the successful strong breakout above the blue channel and 362 resistance and it should sustain above it for 3 months. c. Once the above is done, target will be minimum 5x in very long term. Note: This is for educational purpose and not a stock recommendation.
NSE:RALLISLong
by Flash_J
Balamines- History repeats itselfLong-Term Technical Analysis Summary Trend: The price has been moving inside a strong upward-sloping parallel channel for over two decades. Recent correction: After peaking in 2021, the stock corrected sharply and has now tested the lower boundary of the channel (support zone), bouncing from around ₹1142 to ₹1787 in the current candle. It took 4 years from Jul 2021 to Jan 2025 to reach the bottom from the top. Likewise it took 4 years from July 2005 to Jan 2009 to reach the bottom from the top. Strong long-term support: Price respected the lower channel support and bounced, indicating bulls are still defending the structure. 🔍 Key Levels Support Zone: ₹1,115: Major support near the lower channel and trendline confluence. ₹1,420: Previous low and another support level. Resistance Zone: ₹1,925: Near-term resistance (currently being tested). ₹4,799: Major horizontal resistance. ₹5,220: All-time high and top of the rising channel. Since price has already bounced strongly from ₹1,142 and broken above short-term downtrend resistance, current levels around ₹1,780–₹1,800 could still be considered an entry with confirmation. 🎯 Targets Short-term: ₹1,925 (current resistance) Medium-term: ₹2,800–₹3,200 (midline of the channel) Long-term: ₹4,800 and ₹5,220+ (previous high and channel top) 🧠 Conclusion & Strategy The stock is still firmly within a long-term bullish channel. The recent bounce from channel support marks a potential reversal zone. If momentum sustains and price breaks above ₹1,925, it confirms a trend continuation toward ₹3,000–₹5,200. Accumulation at dips near the lower channel or retest zones is ideal for investors with a multi-quarter to multi-year view. Note: This is for educational purpose only and not a stock recommendation.
BSE:BALAMINESLong
by Flash_J
2
VISHNU: Parallel Channel BreakoutThe chart of VISHNU provides delineates critical price thresholds that signify breakout points, along with specific support levels that serve as indicators of where buying interest may manifest. Additionally, the chart highlights regions likely to act as ceiling points for future price ascensions, allowing for informed decisions on entry and exit strategies. Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
NSE:VISHNULong
by NiftyNotion