Multi pattern breakout in Shanti Gears I daily make educational content videos for swing / positional trading
Parallelchannels
DMART - You still think Technical Dont workYou still think Technical Dont work, I posted weekly chart earlier for DMART and later it was slightly adjusted. now we have touched bottom edge and bounced
MDLZnews has brought some bears however this was coming after good setup and BO.
only below 64-55 band it may get strong bear else sideways is the expectation
Jtektindia looks goodThe price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation.
Conclusion:
Downtrend looks minimal before reaching possibility zone.
Note for everyone who came across this study:
This chart is only for educational purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
WTI #CrudeOilWTI has broken parallel channel and this may be painful. hope it may takes support at line mentioned
Lauruslabsafter making top lauruslabs is in parallel channel. now it has broken the support and heading more down. I doubt it may touch the lower edge of the channel
KEI Industries : Upside Trend
Good day,
Hello Traders,
KEI Industries looking bullish and strong on weekly basis as it can head towards upside in the upcoming Q1 and Q2.
Time Frame: Weekly
It also depends how market behaves.
Chart Self Explanatory.
Disclaimer: I am not SEBI registered analyst; this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions.
If you really like the analysis, please do comments, LIKE and Follow me.
Manappuram Finance | Long | CMP 110.40Manappuram Finance CMP-110.40 Dated 6 March 2023
1. Trendline fake breakout
2. Increased buy volumes
3. MACD , Stochiastic RSI crossovers
4. Recent buy by SBI-Mutual Fund
Target1- 125.65
Target2- 140.95
SL - 100
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
BANKNIFTY FUTURE INTRADAY LEVELS FOR TOMORROW 31st MARCH 2023#BankNifty Future Analysis for #Tomorrow 31st March 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below mentioned Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Previous Close (ZERO LINE) : 39913
#BankNifty Bulls can get active above 39984 For the #IntradayLevels towards 40100/40203/40316
#BankNifty Bears can get active below 39844 For the #IntradayLevels towards 39779/39676/39528
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Bank Nifty has formed a parallel channel on 15min timeframe and we are expecting that tomorrow market will be rangebound due to Friday and the rang would be between 39750 to 40150 for whole day.
This is just our expectations, rest we will see market movements in the live market
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Disclaimer : All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
banknifty H& S and Parallel Channel Banknifty Target as pattern
Head & SHoulder & Channel Pattern in Banknify & Finnifty Both
HALhope u made profit. now let bear enjoy for some time.
parallel channel started in place now. sideways time correction with price correction
Trade Idea on SRF with Bird Eye View and Notes Following is the bird-eye view of SRF point-wise:
1 and 2) I see two patterns here on a Weekly time frame; 1 is a parallel channel, and 2 is a symmetrical triangle
( Note: Both can be bullish or bearish patterns depending on their previous more significant wave, here it was bullish )
( Note 2: Currently sitting at the support of bottom parallel channel making a W pattern and sitting at bottom support of symmetrical pattern too )
3) It's a Fibonacci extension, made for the consolidation zone - High and Low, For Futures higher Targets.
4) Steep CT: It's a steep counter-trendline breakout, giving us the probability of future upside potential
5 is the probable weekly time frame SL and 6a is probable Weekly time frame basis and pattern top basis Target 1, 6b and 6c are fibo ext target as taken from point 3
CSPain in Credit Suisse were evident right from 2007 then in 2009 and 2015, 2018 and lastly in feb 2023 as well.
however the slide downwards was very quick which couldn't be caught earlier.
if bailout happens and it's kept as separate entity then it may give some handsome returns after few yearS
NIFTY Parallel ChannelNifty isolating in down ward Parallel channel
Daily time frame
touched 3 time of the channel
Cummins India - Holding 1550 & Crossing Yellow Parallel ChannelHolding above 1550 which is key & critical level & crossing yellow parallel channel on upside, stock can retest for targets mentioned below
1585
1615---1620
Stops Below - 1550 (Trade not valid if falls below 1550)
Thanks
ABFRL : Short Trade OpportunityGood Day,
Hello Traders,
ABFRL is ready for a big downside as it went through different phases
Firstly, it was in a parallel channel upside from Feb 21 till May 22.It incldes a HEAD and SHOULDER pattern which it formed during this phase.
It broke the neckline in June 22 with a heavy sell off in the weekly candle.
Suprisingly , it rallied since July 22 till Oct 22 unprecendently.
It followed up with a Big sell off..
This time around the Sell off is done with Heavy Volumes.
Big downside is evident. Good candidate for Short side.
Time Frame : Weekly
It also depends how market behaves.
Chart Self Explantory.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
CocaColaDid the big hand selling the coca-cola stock at this point of time.
Though it's very difficult to identify the next move however this is just a try to find the distribution in price
Samsungelecsince jan 2021 Samsung electronic is under selling pressure in parallel channel mode. after trying to cross 2 time still this is not able to cross the upper edge of the channel.
however this time looks to be different. It has touch the lower edge of long term channel. So I am expect the up move to continue
DFMFOODSsince 2017 it has formed a parallel channel and considering the previous monthly candle are we in good position to say this is the TOP formation?
Massive buying in ITC | Planning swing trades I daily make educational content videos for financial markets on swing trades and ideas for learning purposes only
PVR could bring you Pathaani Return
Technical:-
It has forming Cup and Handle kind of structure on daily chart while taking support on the Parallel chart trend of weekly which seems much strong enough to give it bounce to touch the upper line.
Target would 1900/2300/3000+
Time frame: 1 month / 3 months / 1 year
Fundamental : PVR-INOX merger got approved recently. People has given better response to movies including Regional/Hindi/English.
Negative : Financial of the stocks might be an issue which should improved with couple of Blockbuster movies .
#BTCUSDTPERP #VolumeAnalysis #withpriceHiii
Concept and some logic : If we see a suddend increase in volume of eg 26k btc this types of volumes is consider as market maker are buy/sell at the positions which cause a long wick formation . this wick is mainly for liquidation of retail trader position forcefully .
BTCUSDTPERP Price action drawing with combination of volume analysis , multiple wick touching points and trend momentum shown with curve green line . circle denotes volume comparison with price .
i used a up/down volume indicator so easy to mark the volume that is buy/sell by market maker and a curve drawing tool parallel channel for creating a price zone and trend momentum line
