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Retracement

Jswsteel..Parallel channel breakout & Retest at support level🎯-----------------------🙏🙏NAMASKAR 🙏🙏----------------------------- ===================================================== ⭕ Day Trading opportunity ! min Chart Alert !!! ⭕ --Bought above =358 or CMP --Target = 385 --Stop-loss =352 --Lot Size = 2700 --R:R = 4.36 --Expected Profit = 72,000 ₹ per lot ( 7.47 % ) --Expected Holding = 5-15 day only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) bearish parallel channel breakout 2) after breakout , retracement happened at support zone 3) perfect area to buy 4) steel sector is performing good with huge volumes Guys check out the related ideas as well, it worked really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:JSWSTEELLong
by ReviveTraders
Apollohospital- Direction to be decided soon.This Chart gave a breakout sometime back. Now again looking at chart it seems little interesting to me. I will post few different views that I found interesting. Lets start with weekly chart. A hammer on weekly chart means someone did push this stocks price up. but it may be a fake signal as well so adding to this i will show another view with the help of another tool. If we look at this chart we will find that the retracement level has already reached 38% and the retest level is exactly at 61% of the retracement tool. This stock might come for the retest but that should be a little far away . Price Action of the chart is showing that it might want to go back up with 38% retracement level. Let's look at the price action chart as well. If we see the price action as i tried my best to draw it on chart we can see that this is the first time (after the fall) that price is trying to halt itself and it is trying to consolidate. But what will trigger this trade is when it breaks this consolidation either on up side or if it breaks on the down side then door will open for the retest. I hope this might help someone to understand different scenarios of the trade. Keep an eye ladies and gentleman. Cheers and Happy Trading.
NSE:APOLLOHOSP
by LearnersParadise
3
TCS - CHANNEL BREAKOUT - BULLISHNSE:TCS ON DAILY CHART HIGHER HIGH FORMATION IS CLEARLY VISIBLE & ALSO VOLUME IS ON HIGHER SIDE WHEN PRICE IS MOVING UP SUPPLY CAME IN ON 8TH OCTOBER WITH EXTREMELY HIGH VOLUME FOLLOWED BY SErIES OF WIDE RANGE BEARISH CANDLE.BUT VOLUME IS RELATIVELY LOW SUGGESTING IT MIGHT BE A RETRACEMENT ON 15 MIN CHART,LOWER LOW STRUCTURE WHICH FORMED OVERS PAST TWO WKS HAS BEEN BROKEN AND STARTING TO FORM HIGHER HIGH STRUCTURE BUT WE NEED VOLUME CONFIRMATION. ALSO FORMED A CHANNEL AND PRICE IS CURRENTLY TRADING NEAR CHANNEL TOP WHICH ACTS AS RESISTANCE IF PRICE BREAKS ABOVE CHANNEL TOP (RESISTANCE) WITH VOLUME EXPANSION,PRICE MIGHT MOVE TO NEXT RESISTANCE ZONE (2955-2980),WHERE PRICE MIGHT TEST THAT RESISTANCE LEVEL
NSE:TCS
by Arun_000