I daily make educational content videos for financial markets.
Arvind 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...
Twitter 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
I daily make educational content videos for financial markets
This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum.
There 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
Hindalco 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.
I daily make educational content videos for financial markets.
Precious 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.
Emerging markets have been under pressure right from June 2021 hopefully by Dec 2022 mean of the channel may give bounce.
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 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.
out 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.
Dow jone tranportation average index is in parallel channel from 1971. Since then it has tested lower elbow only 2 time. It look, lower elbow may be tested third time and expect sideway movement before making fresh up move. Don't act without analyzing one price test the lower elbow. Another scenario could be that it is just the retest of the Breakout happened earlier.
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...
Sumichem we picked at 330 with long term horizon, and on daily chart it's been under parallel channel stay invested for 2-3 year
Past one year is forming a parallel channel once daily closing above mean area then we may expect touching upper channel
parallel 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