regressions channel analysis of BAJAJ AUTObajaj auto is clearly following a regression chennel and resisting the yellow trend line
very simple funda is sell below yellow line, And buy above the yellow line if it crosses
Regression-trend-channel
V-GUARD - LONG NSE:VGUARD
ACTION - BUY
TARGET PRICE 190/-Rs
REGRESSION TREND CHANNEL BREAKOUT
TREND LINE BREAKOUT AT 181/-Rs
Disclaimers: - The contents produced here are purely for Educational Purposes. They Should Not Be Constructed as Buy/Sell Recommendations
Financial Interest - NO
SBICARDNSE:SBICARD
(FOR EDUCATIONAL PURPOSE ONLY)
IF PRICE CROSS AND CLOSE ABOVE 755 (BREAKOUT WITH SIGNIFICANT VOLUME),IT WILL MOVE UP TO 795
IF PRICE CROSS AND CLOSE BELOW 722 (BREAKOUT WITH SIGNIFICANT VOLUME),IT WILL MOVE DOWN TILL 678
Dixon Trend ChannelPrice has closed above SD 3 Line and also achieved 1.382 target. Confluence of 5962 retracement level with regression line. Let us watch the stock.
Price behaviour at certain level in nifty See the price behave in big regression trend, it is for long investors how they catch sight of it. There are always two scenario in the stock as we always see,
The first thing is that the three regression trend i have plotted inside the big regression trend, the two regression are in "UP" direction trend and the last one is in "down" direction. So can be possible that it will break the small support and move down
Second scenario is that the price is more at its resistance since many days, it could be possible to go for resistance again.
Everything is based on what has already occur in the history.
GAIL Short double Top/Regression Channel BreakoutThe stock has nicely formed double top pattern and gave clear breakout. It is also trading out of Regression Channel and RSI trading below 50 is confirming the bearish view. One can short the stock and look for the target of 353 in coming days.
DLF SHORT : Gap & Regression ChannelDLF was moving up since 27.12.16. It has broken Regression channel that too with GAP. This gap zone may work as a Resistance. Aggressive Trader can take the last 2 Green bar as an opportunity to enter the short trade by providing suitable Stop Loss. Defensive Traders can wait and short the stock when it trades below the bar which formed the GAP i.e. below 137. Targets are the respective Fib level falling on the Trend-Line which may work as a support for it.
The Stock is good for trading having good volumes, less spread and active options.
3 outside out Wipro longProbability of a short term reversal with the following reasons
1. regression channel breakout
2. divergence
3. 3 outside out candlestick reversal pattern
One can buy at dips for a target of 470.
Regression Channel Intra day BuyIt is trading out of regression channel so one can enter long at current level stop loss would be the low of today.
Classical trade using Trendline, Channel & EngulfingThe stock is getting support at up sloping trend line. Probably we can use this pull back for entering a long at this level. My idea has following justification
1. closed out of downtrend regression channel
2.Made an engulfing covering the previous candle completely.
3. Trend line support.
4. Mostly at this level of RSI it changes the trend.
5. Trend reversal entry on 1st bar offers a good Risk to reward ratio.
I would take entry on Tuesday and see how it works.
