Today session, In last 30 minute NIFTY gives breakout of its parallel channel consolidation zone. After this breakout expected nifty will give immediate target of 15200 and 15245+ in tomorrow session.
It is at the top end of its rising parallel channel . As per Ichimoku it is also at a Price & Time Axis reversal . An hourly close below 14525 would validate the reversal for 14250/13750 . View would get negated if it gives a daily close above day high after triggering a down move.
IGL has broken slow out of a descending wedge. The stock has had a considerable fall after recovering beautifully post COVID. Now, it seems like the stock has slowly begun it's up move again The Stock has consistently followed pattern breakouts/breakdowns prior to this. (As shown in the chart). See a long above 420 (safer 425) for the next Fibonacci targets...
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Hey Everyone! A small market update about what has been going on lately and what may happen later. Ever since NIFTY BANK broke its two month long trend line upwards on 15th of June(Friday), the index has been seeing red till 20th of June(Wednesday). Ever since that trend reversal, a bullish parallel channel has formed. It is shown with the blue dotted...