howdy Traders,
Much of the power of bullish investors is found in Tata Communications.
If seen inside the chart, higher high and lower low is shown in parallel channels.
1429 level was a strong resistance level but now it is a support.
If the market sustains above the 1429 level then a bullish market can be seen and 1480 is the target.
I have posted this on 3 Oct in weekly time frame. Now it's time to enter in daily time frame, it broke the resistance and consolidated for few days and formed a bull candle.
I've already entered the trade yesterday.
There is all time high between 1100 to 1200, take risk according to your risk appetite.
*Market is always superior*
Banknifty has been trading in Falling Channel from the last 109 bars on Daily time frame,in the last few days we saw bullish momentum in price and closing on friday gave more strength to bulls. Further view according to price action is, if the index manages to give breakout above this falling channel then we can see Banknifty to touch 39000-41000. On the downside...
Chart of - Jindal Steel
Stock is trading in a range by forming a parallel channel .
You can enter in this stock after proper breakout.
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Have a great day everyone!
Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investment advisor. Please...
No doubt that market will be highly volatile ahead of Budget
Summary
1) As of now you can see that Nifty is trading in one particular (white) channel in which it had given a breakout in past and made an ATH of 18604.45
Channel width is 1,566 points.
2) In the chart there are 3 EMA's 10 is red, 20 is green, 50 is blue.
3) There is also a Red channel which has...
As you can see CDSL has been in a parallel channel for a very long time, as its near the lower channel support, we can expect a good momentum if it takes a support here and moves up after creating a base down here.
5 days of parallel channel gets disrupted. And also made a triple top. We can see a good move once the consolidation zone breaks down. (or) if the price breaks above the resistance zone. We can look upside.
NOTE: Educational purpose only NSE:TECHM NSE:TECHM
Parellel channel breakout in RKEC with heavy volume
RSI - is near about 80 (so be a little cautious)
Targets are marked on the basis of fib retracement only
Sl is marked on the basis of pure support
