After making high in May 2022, reliance has been making lower high and following parallel channel since then.
already its below median and future not looking good.
Idea: I am using 1 D Time frame in Minda corp here
Tools: Using the Fibo tool for retracement purposes ( as the stock went up fast so to a resistance level, so we need a retracement of at least 50-60% fibo for low risk trade else its fine for a risky trader to enter ( ofcourse at your own risk, take financial advisors advice too if needed )
Thought process:...
NSE:APOLLOHOSP
#NSE:APOLLOHOSP trading in parallel channel @ trendline support.
Keep In your watchlist....
As Told earlier, I'm not sharing the ideas on regular basis in TV.
Few ideas shared earlier attached, scroll down to check....
ATB, Happy LEarning !!
Technical:-
It has forming Cup and Handle kind of structure on daily chart while taking support on the Parallel chart trend of weekly which seems much strong enough to give it bounce to touch the upper line.
Target would 1900/2300/3000+
Time frame: 1 month / 3 months / 1 year
Fundamental : PVR-INOX merger got approved recently. People has given better...
Hiii
Concept and some logic : If we see a suddend increase in volume of eg 26k btc this types of volumes is consider as market maker are buy/sell at the positions which cause a long wick formation . this wick is mainly for liquidation of retail trader position forcefully .
BTCUSDTPERP Price action drawing with combination of volume analysis ,...
Look good for long and positional.
IN positive news regarding commence of commercial unit , Passed 1GW landmark in total for Renewable Energy .
Target : 187
SL : 167
Duration : 1-3 week.
As per my analysis, I have seen that crudeoil is travelling between this parallel channel from a long time and respecting the levels.
I am expecting more downside in the upcoming days in case bottom blueline will be break, please comment below your views about this analysis.
If you have any query, please feel free to post in comment section.
Disclaimer :...
The stock is travelling between parallel lines , the down line acting as demand and upper line acting as supply , buyers will take charge until the supply zone and sellers will take charge from supply zone to demand area. its for positional trade and those levels are mentioned in chart and price should come back between orange line then this idea will work . the...
after making top lauruslabs is in parallel channel. now it has broken the support and heading more down. I doubt it may touch the lower edge of the channel
Bank Nifty Following Parallel Channel and Support The level to sustain a bullish move is 43300 for the move towards 43500, 43700, 43900, 44200, 44330, 44480, and 45000. Bearish below 42500 to move to 42380, 42200, 42050, and 41500.
