GranulesGranules is doing sideway consolidation in long term parallel channel since 2007
bottom formation at the red box could be good level for entry
Parallelchannels
1 Breakout swing trade and Index analysis for 13 October marketsI daily make educational content videos for financial markets.
Rising channel rangeArvind fashion running in a rising regression channel
price trading running above 200 DMA
stock getting volumes
RSI taken support over 50 two time and running above and rising
if stock again touches down side trend line then it will be good level for buying
if down side trend line breaks down then can be more down side
if stock breakout and sustain above trend line then more up side levels will be see
TWTR @ElonMuskTwitter is in parallel channel past 8 years. and it has tested both the upper and lower elbow 2 times.
recent buying from EM has brought the demand from the middle of the channel.
Once the trendline is taken out. it has try to hit upper channels in few week/months
Educational purpose onlyThis scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum.
SPX #S&P500There are two parallel channel if we consider data from 1942
inside inner channel price may try to test lower channel that could be good chance for going long towards upper elbow of the outer channel
Channel Breakdown : HindalcoHindalco candle has managed to close below the channel breakout line and hence we can see the further downside. The price target for the same will be distance between 2 channels with keeping stop loss of the previous candle high. Moving averages showing downside crossover.
* It is my analysis and not a recommendation to buy or sell.
3 Good trades and Index ideas for 26 September markets I daily make educational content videos for financial markets.
Gold + Silver + PlatinumPrecious metal has selling pressure and may continue to move bearish until mean price is not met.
This is going to be interested in comparison to equity.
EEMEmerging markets have been under pressure right from June 2021
hopefully by Dec 2022 mean of the channel may give bounce.
ACWX global equity markets outside of the U.S.ACWX is clearly showing this is not any country specific. It's a global bear from all developed market.
Will it be able to bounce from mean or for the first time it may try to touch lower elbow of the channel.
I am hopeful of bulls coming back from mean
U.S DOLLOR CURRENCY INDEX UPDATE U.S DOLLOR CURRENCY INDEX trading on parallel channel. As per analysis it may test 110-111 soon. It is major resistance 110 . There are good chances to cool down after this levels.
DJUA - an Economic Indicatorout of 5 time touching the upper/lower elbow of the parallel channel, it has touched lower elbow only once.
on short time frame as well its under parallel channel where price is also getting resistance from upper elbor of the channel.
Rising Channel formation at Info Edge counter NSE:NAUKRI
Naukri (Info Edge) has its price been trending in a rising channel formation. On 19th Sept, it took the support of the channel and can perform well in short term. Previous supports gave good positional gains of approximately 20/24%. The current support can give an approximate gain of 19%, safe traders can book partial profits at a gain of 10% and trail the scrip further.
CMP - 4065
Target - 4350 / 4550
SL - 3850 (closing basis)
Bank Nifty - Channels Basis For WavesChannels have been basis for wave analysis. Drawing them on price data offers support & resistance offering good trading opportunities.
One such channel drawn from the bottoms of 37950 & connected with 39258 lows offered support to the opening low of 40288 as of today - 14th Sep 2022
Prices rallied sharp upside to new highs above 41600+ which is very close to upper boundary of the parallel channel.
Can this halt the price action on upside & traders get fall again is the matter of due diligence to be done from your end.
Kindly do not take this as a trading call.
Thank You.
SumiChemSumichem we picked at 330 with long term horizon, and on daily chart it's been under parallel channel
stay invested for 2-3 year
Bioconparallel channel in biocon is smooth from bottom....will it be able to act properly from top as well. can we expect it to touch lower end of the channel now
Escorts - Will it be able to break all time parallel channel?Escorts has started in parallel channel since beginning however it has still not given reversal from upper edge of the channel. So probability is high it may be able to break upper edge of the channel.
It has given highest ever monthly closing and getting tail wind from the auto Index as well
SWISSMLTRY pattern retest done.
pennant pattern formation
monthly closing would be watchout for...hoping for good bulls
2 Amazing swing trades and Index Ideas for 22 AugI daily make educational content videos for financial markets
SONACOMSafter making high of 822 SONACOMS is following parallel channel in short term
on daily chart these trend usually don't sustain for much longer, however bears are in total control as of now.
