parallel channel formation with considerable touch point will it break down the channel on bearish note or it may take a bounce from 19584 on CB
NIFTYMIDSML400 has formed parallel and what we saw recently was just the trailer. we still have big bull waiting for us. 12300-12000 may be good warning if this pattern could fail. It may still take 3 year for index to reach upper edge of the parallel channel
Reliance is taking support of trend line. If it sustain above 2585,it will come in bullish mode and next target would be 2929 soon.
parallel channel in indusindbk looking good. fresh BO at this level it may try to test the upper edge of the channel
JUBLFOOD has given BO from parallel channel and retest the BO now it the time for bulls to taste the success
Astral Ltd. is facing upper side trend line resistance near 2050. It was rejected many time from this level. It may test 1750 and next 1650 soon. Next up-move will come when it close above 2060.
Having journeyed with us through the enigma that was the Mysterious X-Wave, you'd be keen to know, "What's next on the horizon for BankNifty?" Having witnessed the roller-coaster oscillations between 43940 and 44779, and having dived deep into the "Magic of Centre Line Reversal," here we present the way forward. Reassessing the Ground As you've seen, the...
Nifty 50. (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 19420 target: 19505 - 19545 stoploss: 19380 . . For " Short" entry: 19375 target: 19300, 19250 stoploss: 19420 . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade...
It has been moving under parallel channel and may try to hit upper edge of the channel. Any BO above the channel may take it to uncharted territory. We will review it again later after BO
Nifty 50. (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 19485 target: 19540 - 19647 stoploss: 19440 . . For " Short" entry: 19430 target: 19410 stoploss: 19460 . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep...
Finnifty (weekly ) More probability is there for "Bearish " . . For " Short " entry: 20450 / 20700 target: 20055 / 19760 stoploss: 20550 / 20780 . . For " long " entry: 20800 target: 20950 stoploss: 20700 . . Enter only if market Breaks "Yellow box" mentioned. . wait for proper reversal and conformation. . don't be aggressive. . refer old ideas attached below.
parallel channel with one small exception given BO from last 8 yr sideways movement
PNCINFRA:- Stock is moving in parallel channel, about to give breakout, keep your eye on alert Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know...
Action only after parallel channel is broken by bulls This may takes 2-4 years
RBL bank heading towards upper edge of the channel. Since it has crossed the important level of 155 then
Though parallel channel is not having good enough points on both side, however the support lines looking good. and it may not fall however I don't see immediate near.
IDFC is in parallel channel since IPO and there is strong probability that it may try to BO the channel and look for All time high price. Please keep your stop loss
since 1994, Gartner is in parallel channel zone and touched the edges 4 time and this is 5th time. Considering the past I believe it may face resistance to break the channel and move up. One retracement to mean of the channel is desired.