Hello Traders, i have brought another analysis on a pattern breakout which called (Rising Channel Pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this type of Rising channel pattern next time, So at least you guy's will be able to trade. So Let's start. Q:- What...
NSE:BANKBARODA Weekly Breakout from Rising Parallel Channel CMP trading above all major Weekly Exponential Moving Avgs and taking Support and bouncing RSI in Bullish Zone Tgt: 155 - 171 - 190 - 224 SL : 125 Upside Potential : 50% Time Frame : 3 - 12 Months
As you can see ascending channel already broken now just need to wait to let it break the level of 994 we expect a good fall.
NSE:NIITLTD broke out of a rising channel pattern and price made a green candle after retest. Price did give a breakdown from the pattern but the bulls look more powerful than the bears. Enter entire position at C.M.P and hold for targets of 650/700 Sl- below 380
Stock movement has formed a rising channel on daily chart. However, Stock is overbought on monthly chart. Thus, stock will sluggishly move up with limited upside
An ascending channel is a chart pattern formed from two upward trend lines drawn above and below a price representing resistance and support levels The ascending channel is also known as a “rising channel” and “channel up“. The lower line is identified first, as running along with the lows: it defines the trend line. The upper line (the “channel line”) is...