Price Channels
ITC shorting opportunity 4H timeframe or day chart,
shorting opportunity is here as i shorted around 221. this chart is creating Highs and Lows, you can see the trendline as well,
as heavy volume is there as well, The price would rise a bit, and then might fall, in upcoming days ITC could fall down to 203 roughly, 7-8%.
Let me know your views on Comments. One can go LONG when it comes around 203, For Swing/Long term-
RAMCOIND | goLONGweekly chart...
pure price channel based movement
blue circles are support points.
orange circles shows breakout & resistance.
strong support at 177 .
I suggest to go with breakout of upertrendline.
An investment idea in DIVISLAB on NSE (INDIA)This is weekly chart of DIVISLAB on NSE with CMP @ 1477.80. It seems to be an excellent scrip for long term investment based on following observations:
1. Price was trading in a channel as shown on the chart since June 2011 unless it broke down in Dec 2016. Price once again has entered the channel after deep corrections.
2. Price has broken previous high made in Sep 2016.
3. Support zone has been indicated on the chart based on price action. Price after testing the lower end of support zone, has formed bullish kicker in the last week with substantial rise in volume.
4. MACD indicates bullish view.
Price seems to be all set to go past 1800 (upper fibre of rising channel). Hence, it looks good from investment perspective with initial stop below 1324 (below bullish candle of last week on closing basis) and ride the trend.
Happy investing...
West Coast Paper Mills Ltd! Price Channel ChartTechnical : Price Channel Target @ 380
Chart Pattern : “Bullish Price Channel”
Main Trend Line : At 8 Dec 2017, 18 Dec 2017, reaction lows formed the beginning of the main trend line .
Subsequent lows in 03 January 2018, and 10 January 2018 confirmed the main trend line .
Channel Line : Once the main trend line was in place, the channel line beginning from the 11 Dec 2017 high was drawn.
A visual assessment reveals that these trend lines look parallel. More precise analysts may want to test the slope of each line, but a visual inspection is usually enough to ensure the “essence” of the pattern.
Bullish Price Channel : Subsequent touches along the main trend line offered good buying opportunities in mid- 18 Dec 2017, late May and mid-August.
The stock did not reach channel line resistance until 22 Dec 2017 and 26 Dec 2017 (red arrow) and this marked a significant reaction high.
If channel line resistance break with an acceleration above marked (blue arrow). Then Some analysts might consider the stock overextended after this move
Strong Fundamentals :
(Fundamental Medium Term Target 800)
(Fundamental Long Term Target 1000)
1.Total (Mkt. Cap) : 2170cr
2.Debt : 0.59cr
3. Stock PE : 16.00
4.ROE :12.64%
