✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :) ✺✺ Target: 1000 Followers ✺✺ # Logic = Self-explanatory ( As everything is on chart nothing much to write ) # Risk = Depends on you how much you can lose and not get sad about it # Reward = Risk or ( Risk x 2 ) in terms of...
Alkem Lab has given a very good bullish signal and a breakout from the parallel channel pattern trap (August 2020 - June 2021) for past 11 months Its a good stock for a short term trading The Stop Loss for any conservative trader is 3028 The Target is 3678 After reaching our target, trail your stop loss to get maximum profit from the stock in a single...
Lets keep track of this beauty too :)
As you see in the weekly chart the price following the parallel line channel, whenever the the price touches the upper end of the channel it gets pulled towards the lower end and vice versa. Now, the price is at the lower end of the channel, giving opportunity for investors to get in the stock for long term.
🔰 MY thought process : ⭐At a very strong support ⭐A parallel channel support ⭐A trendline long term support ( potential stock reversal point ) ⭐Low-risk high reward setup 🔰Am I taking this trade now: Already in it :) 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or...
Bullish above 216 Target : 245, 277, 300++ SL: 190 Time frame : 15 days Risk is yours and Reward is too yours totally.
Shifted from downside parallel to upside parallel. Will go to 430 levels in medium term if the trend continues. Retraced 38.2% in both weekly and monthly Note: This is for educational purpose only
Nifty View: Benchmark Nifty index slips 30 points in the last session of the week to post a close at 14,890. The index is now dealing with a strong zone of supports within (14,800-14,900). The nascent short term up trend is trying its best to hold on and not slip back to a reversal, again. And for this the index needs to sustain above 14,800, or else we will be...
This chart is at the request of a well wisher. The stock has been moving in channels within a bigger channel and is now hanging in near the top of the channel for quite some time with accumulation going on. A positive divergence suggests the stock is quite ready for an up move.
Based on my analysis of the chart, I believe Nifty may take support around 14300 levels and then bounce back. Don't go aggressive on shorting. If Nifty closes below the intersection of the 2 channels i.e. 14300-14290 and sustains below for a couple of sessions then we may see a bigger fall ( possible if globally corona scenario deteriorates) but indications...
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...
Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
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...