SKFINDIASKFIndia After consolidating for 1 yr and bounce from previous year low it has started new and final journey towards the bull run which was started after covid.
Parallelchannels
GNFC kaisalagtahaioverbought in near term,
look for oppurtunity at lower level with follow through. this may be value investing with time frame of 5-7 year
NIFTY- A strong move is about to come?An index analysis idea after many many months.
Reason:- Today, we saw a short covering 400 points up move in Nifty with an ATH closing.
What is the chart speaking now?
Nifty has given daily closing above 22800 which was a strong supply zone.
23000 is a psychological resistance in Nifty now.
As from chart, it is clear that our dear Nifty is trading in a channel and 23100-23150 is the next supply zone. If we see a consolidation near 23000, we might see this resistance getting broken and strong bull run till 25000 should be expected.
However, there are high chances of bull trap getting formed in this zone , especially 4th June being an eventful day which is just 2 weeks away from now. I am expecting a highly volatile market till June end.
DYCL, Cup n Handle Despite volatility because of election results, structure still intact.
-Posted good results too
-green vol > red vol
Take a look: low risk; 15% ROI in 2-3 daysFundamentally good stock,
Good for 2-3 days holding.
For short term investment in cash market'.
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Entry: 576
target: 588 - 601- 644
sl: 560
major stoploss / support: 545
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Enter only after breaking & close above " Yellow box" mentioned.
Or else wait for some time.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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refer old ideas attached below
CNX Pharma also testing 3 times tested resistanceCNX Pharma about to break long Parallel Channel, when it break pharma stocks will move immensely.
BAJEL PROJECTSIncorporated in 2022, Bajel Projects Ltd is in the business of Engineering, Procurement and Construction Bajel Projects Limited (BPL) is a carved out legal entity from Bajaj Electricals Ltd. It's EPC segment comprises of Power Transmission & Power Distribution. BPL provides end to end solutions ranging from inhouse design, testing, procurement, manufacturing, installation & commissioning of the projects.
BPL is a part of the Bajaj group. It deals in Engineering, Procurement and Construction business.
BAYERCROPIt has been moving very well inside the parallel channel since past 14 yrs.
After consolidating past 4 yrs, it is now preparing to create new ATH
MTARTech-A beautiful channel consolidation!MTARTech is one of the leading stock from defence sector. However, stock is underperforming and is currently in a channel consolidation.
Recent news of arms exports to Russia has triggered a rally in defence stocks like Datapatterns, BEL, BDL, etc.
Mtar is bouncing from lower end of channel and we can expect big rally in this stock too. A good stock for investment purposes as well.
Disclaimer:This is not a recommendation and this is my personal analysis and opinion about stock.
Amazing swing trading idea for 13 May Markets I make educational content videos for swing / positional trading
5 Amazing swing trading idea for 6 May Markets I daily make educational content videos for swing / positional trading
Ashok LeylandHello & welcome to this analysis
Stock is in a strong uptrend which has now come close to its weekly upper channel with a bearish harmonic deep crab pattern in the daily time frame.
Strong support between 180-150 while resistance at 210
It would be a buy the dip stock or fresh additions above the weekly channel
Happy Investing
Nifty - Rising ChannelNifty formed rising channel and if you shorten the timeframe to hourly time frame then you will find Bullish Head and shoulder pattern, with price target of upper channel. Market moves like Naap-Tol Ke
"IOTX" A Parallel Channel TradePreferably Sell at/above = .07799
1st Target = .07373
2nd/final target = .06951 with trailing stop loss
Just paper trade.
GG.
CONFIPETparallel channel since early 2015
one shakeout still pending.
this may be too slow even after the breakout
Escorts - Positional Long OpportunityFor the last 3 months, the stock has been trading in a range that is forming a downward parallel channel. This moment, just close to the upper side of the formation. If breaks the upper level and sustains, this could be a breakout of a parallel channel.
Targets may be 3245/3440 or even more.
The setup is with a good risk-reward ratio.
The entry point should be chosen patiently ( if the price comes down intraday.)
The setup fails if sustains below 2810 for 2 days, or the exit point should be per one's risk management.
This illustration is only my view. It is not a trading recommendation in any form. It is for learning and sharing purposes only.
All the best.
PFIZERparallel channel started from Mar'99 and making top in Sept 21
now head and shoulder formation is complete
now a dead cat bounce and followed by bears
BIKAJI - Ready for the next swingBIKAJI is poised for its next upward move, presenting a potential upside of approximately 23%. The stock has maintained a trading channel for the past 2 years. This is an opportune moment to consider entry due to the following factors:
1. The Risk:Reward ratio appears favorable, with a stop loss (SL) potential below the channel.
2. Last week's candle exhibits a bullish hammer pattern, commonly indicating a reversal.
3. Very consistent fundamental numbers.
#Idfcfirstbank cash : Looks good above 85.10 and dips #Idfcfirst bank Cash -Positional for 3-4 months
26.02.2024
Looks good above 85.10 and dips 82.50-83
Stoploss 77
Add more above 90
Tgt 98-100/120
Cmp 83.95
NIfty50Nifty has shown confirmation to be into parallel channel. will it be able to hit the upper channel of the channel
Wyckoff distribution and head & shoulder pattern is negated
