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Parallelchannels

Bitcoin Strategy: Cup & Handle, Flag Pole, Parallel ChannelIf you're aiming to maximize gains using multiple setups across different timeframes, this strategy combines three powerful patterns: the Weekly Cup & Handle, Flag Pole, and Daily Parallel Channel. Here’s how to execute this structured approach for optimal entry, exit, and profit potential. Weekly Cup & Handle Timeframe: November 15, 2021 – October 14, 2024 Breakout: Achieved on October 14, 2024 Target: 82,000 (same as the Flag Pole) The breakout from this long-term Cup & Handle pattern suggests strong bullish momentum and a solid foundation for long-term gains. This setup aligns with the target and stop-loss criteria from the Flag Pole pattern for a consistent strategy. Weekly Flag Pole Pattern Timeframe: October 16, 2023 – March 11, 2024 Target: 1 lakh Stop Loss (SL): 66,000 (below the last swing low) The weekly Flag Pole pattern reinforces the Cup & Handle trend, providing a shorter-term opportunity within the larger uptrend. Enter in tranches to capture initial momentum and add on pullbacks. Daily Parallel Channel Timeframe: March 5, 2024 – October 18, 2024 Breakout: October 18, 2024 (retest completed) The breakout and retest of the daily Parallel Channel on October 18 offer a shorter-term entry point. Targeting 1 lakh on this setup aligns with the long-term patterns, with Target 1 at 82,000 and Target 2 at 1 lakh. Execution Strategy Enter in Tranches: Start your position now and add on each pullback. Confirm Pullbacks: Look for a reversal on the daily candlestick pattern after each pullback. Manage Risk: Keep the SL at 66,000, set below the last swing low, to protect your capital. Summary of Targets Target 1: 82,000 (aligned with Cup & Handle and Flag Pole) Target 2: 1 lakh (Parallel Channel breakout) By combining these setups, you capture both long-term and short-term price movements, maximizing your potential for profit while managing risk effectively.
BITSTAMP:BTCUSDLong
by ayusharya_001
AVALON TECHNOLOGIES - In a Range, Either side trade can be takenAvalon technologies is in a range of 654 and 530 The stock is trading in a range between 654 and 530. Once it moves out of that range, either up or down, it's very likely that the stock will continue moving for a while in that direction. Volume will be important, as always, so watch it.(please be aware and also just give a glance to the volume when 654 or 530 range is broken) Please like, boost, and support for more motivation to help others!
NSE:AVALON
by piyushbafna000
Bank Nifty in Ascending Channel Chart Pattern You guys obviously know how to trade parallel lines !? either side wait and then retracement and BOOM ! a winning trade.. Channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades focus on buying near the bottom of the channel and exiting near the top. Be wary of shorting since the trend is up Keep boosting/liking this post whenever the support or resistance is touched, I challenge you !
NSE:BANKNIFTY
by piyushbafna000
GNA Axles Ltd: A Bullish outlookGNA Axles Ltd has exhibited a significant descending trend over the past 12 months. However, some technical analysis points suggest a potential bullish reversal, supported by increasing trading volume and key pattern formations. The trading volume for GNA Axles has surged to five times the 20 MA volume. This substantial increase in volume is a critical signal that investor interest may be returning, indicating potential momentum shifts in the stock's price action. A breakout above the counter-trendline on the daily timeframe is a pivotal signal to observe. This breakout not only indicates a shift in momentum but also signals a possible transition from a bearish to a bullish phase. Additionally, the presence of a hidden parallel trendline reinforces the likelihood of an upward movement, providing further support along the lower low. The daily and weekly Relative Strength Index readings are currently above the 60 threshold. This elevated RSI level often denotes strong buying pressure and suggests a significant potential for price reversal. Should these indicators maintain their trajectory, they could further affirm the anticipated bullish reversal. Considering the current analysis, GNA Axles may aim to reach the previous HH price level of ₹583 . This level, being a notable resistance point from the past, could serve as a target for potential bullish movements. It is prudent to implement a risk management strategy by placing a stop-loss order below the lower parallel trendline. Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It does not constitute financial advice, and you should always consult with a qualified financial advisor or conduct your own research before making any investment decisions.
NSE:GNALong
by NiftyNotions
IS IT TIME FOR REVERSAL IN NHPCNHPC has been moving in a Parallel Channel from January. No green candle has closed above the upper trendline. There is also a Resistance Zone between 115-119. After testing the above resistance zone the price has been continuously falling to touch the Bottom Trendline. Yesterday a green candle has been formed signalling a trend reversal. A buy can be initiated above the candles high for a 1st Target of 116 and a 2nd target of 126 if it breaks the Resistance zone.
NSE:NHPCLong
by eastwind65
Ascending Triangle in formation. Price Action: 1. **Ascending Channel**: The price is still moving within an upward sloping channel. Currently, the stock seems to be testing the lower trendline of the channel, which has served as support in the past. A break below this level could lead to a deeper correction, while a bounce off this support could trigger a rally toward the upper end of the channel. 2. **Downtrend Line**: There is a descending trendline acting as resistance for the recent price action. This line connects the peaks from July 2023 onward. If the price breaks this resistance, it may signal the continuation of the bullish trend. 3. **Volume**: The volume bars show a spike in recent sessions, indicating increased activity. This could be a sign that the stock is approaching a pivotal point. If the price breaks either above the descending trendline or below the channel, this volume could support the momentum in that direction. ### RSI: 1. **Current RSI**: The RSI is around 52.79, close to the neutral zone. This indicates that the stock is neither overbought nor oversold at the moment, but the RSI is still following a downtrend line, meaning the momentum is not strongly in favor of the bulls just yet. ### Potential Scenarios: 1. **Bullish Scenario**: If the price can break above the descending trendline, it might resume its uptrend within the channel. The target would be the upper boundary of the channel, around ₹220-₹240. The volume increase supports this possibility, but the RSI trendline needs to be broken for stronger confirmation. 2. **Bearish Scenario**: A break below the lower boundary of the ascending channel would invalidate the bullish trend. This could lead to a more significant downside move, with potential support around ₹150-₹160. The RSI divergence could further support this breakdown scenario. ### Conclusion: L&T Finance Ltd. is at a critical point, balancing between its support and resistance levels. The next few trading sessions will be key in determining the direction—whether the stock breaks out above the downtrend line and continues upward or breaks down below the channel and sees a correction. Posted for my own analysis as I learn to trade based on the technicals.
NSE:LTFLong
by brijmohan_h
#IMAGICAA - PARALLEL CHANNLE BREAKOUT#IMAGICAA - IMAGICAAWORLD ENT LTD Trade Type - Short Term ( 10 days to 1 Month) Trade Logic - Parallel Channel Breakout with massive volume Chart Pattern - Parallel Channel CMP - 101.30 Time Frame - Daily Target 1 : 109 Target 2 : 114 Target 3 : 120 Stop : 91 Risk/Reward Ratio ( 1: 1.7) Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:IMAGICAALong
by Profit_Trader25