Banknifty also difficult to understand as wave movements.
Price is near the channel support.
Smaller positive new can boost banknifty to upward from the value low.
While nifty is weak and Banknifty is positive which indicate the direction is not clear and market waiting for news.
Always little be penetration can be seen in intraday research.
The control price of major channel and value high of minor channel can be Intraday U-Turn point at 11608 nearby and minor yellow channel has value low at (D) 11523 but value but intraday support can be 11563 in some case only because already support has taken by Manjor channel at (4) and target for...
Selling activities is over on stock.
Major move longer than manor move.
An excess detected at Value Low with buyers.
Suppose to price rotation and, price move 562 above will give you solid SPIKE as target nearby 607 and target 638 nearby.
Hit LIKE button for Real-Time ALERT.
You can also share your prediction or view in the comment section.
Since 2019 Moving In Upward Channel.
Twice taken resistance at 127.2% fibonacci & fallen till 78.6% fibonacci.
Again taken resistance near 127.2% fibonacci.
Risk Reward Favourable.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Based on future candles we might know whether COLPAL is breaking out of the parallel channel it has been for many days ... if the market closes above the entry point in daily chart we can expect it to reach the target
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
First of all, you must have FIVE minutes to understand.
Try to observe both patterns as mentioned following:
Flag Pattern (i) which is in the channel.
Flag Pattern (ii) with breakdown channel support.
There're total (5) channels in the chart but the 5th channel is different from all others. look at all Four-Channel having up-trend but 5th has a flat...
The range move between 31050 - 31500 will decide the trend direction when it is broken. Bullish above 31500 for the targets 31640, 31780, 31900 and 32200. Bearish below 31050 for the targets 30880, 30700, 30540 and 30320.