Parallelchannels
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
Dilip Buildcon- Several hinderances to build its baseCup and handle formation in progress for the targets mentioned in the chart. Need to break the several resistances including parallel channel to reach the desired target. Entering after the C&H breakout is advisable.
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3 Amazing swing trading ideas for 23 January MarketsI daily make educational content videos for swing / positional trading
SHANKARA - Next swing is here SHANKARA - Is in the bottom of the channel in the weekly timeframe. The stock has been trading in the channel for 4+ years and takes support at the bottom of the channel. It is back to the bottom of the channel and has been in the accumulation phase for the past 15 weeks.
The risk-reward is looking very handsome and the company has stable fundamentals.
CMP: 744.40
Stoploss: 663
Target: 930
NIFTYHello & welcome to this analysis
Nifty at the lower end of a parallel channel which matches with the trendline breakout.
As long as its above 21575 it could do another ATH towards the upper end of the parallel channel.
All the best
Amazing swing trading idea for 8 January Markets I daily make educational content videos for swing / positional trading
JSW Energy : right time for investment;Fundamentally good stock.
don't be aggressive to enter.
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entry: 300
target: 325 / 375/ 395 / 410
stoploss: 280 / 250
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right time for Long term INVESTING.
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" better wait for this weekly candle to close above 300 "
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yellow boxes mentioned above are major levels.
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Refer old ideas.
reset chart for better view.
NAVINFLUOR 4649Trinagle BO within parallel channel
good reward and balance risk
may give good returns for next 2 month
