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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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
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