LALPATHLAB: Bottomed out with strong PC, preparing for BreakoutPC-A = PC-B = PC-C
All three Parallel Channels (PC) are just Same in width and slope!
#WonderOfPC
Except for a one point that PC-A & PC-B were playing the role of Resistance and bring down it to lower levels of 1800,
while now PC-C is playing the role of Support and forming showing that script LALPATHLAB is bottoming out and being ready for Breakout.
If the overall market holds itself and won't fall further, we have a high chances that LALPATHLAB will give a strong breakout at 2900,
& lead it towards the 3500 levels,
One can add at CMP levels
But if overall market corrects further, be ready script might test lower line of PC-C,
it is a good script to add at every lower levels.
Tradingview
RESPECT STOPLOSS ALWAYS Hello dear friends and mates many regards to all of you
What I observed in Hdfc bank I am sharing with you that firstly it breaks a horizontal resistance which I mentioned as R1 for more confirmation I waited for breaking the second the second resistance mentioned R2 and took a trade so after taking the trade I kept a stop loss in my mind and in mine system too that if it will break the R1(which could act a good support now that earlier it was acted as a strong resistance) I will exit from this trade however how much this company is good on fundamentals but this is a pure trade not an investment or accumulation which I am doing so I have to exit if this will act as same which I kept in my mind, So what I want to tell you that I did not do this now look at the price now on currently it is trading below 45-50 points from my decided stop loss it is like 3-4% away from stop loss and know knows how much it can go more down from here.
Conclusion-: So I found a conclusion is that people are doing losses in market because they did not want to follow stop loss which is the one and only friend (STOPLOSS) of your in market and trading, people are making big losses because they did not want to take small losses as a stop loss and wiped out huge capitals in some risky instruments and trades and after they will say always that markets trading investments are bad instead of accepting their mistakes. So always try to follow your decided stop losses what ever they are technical or not and always put your stop loss in your systems not only in your minds too. Regards
TRIL #Watchlist
#TRIL (M):-CMP 51.95 Looks Good above 55, Ready For Big Blast :)
#Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions.
DAAWAT - L T Foods: Strong PC BO with the strong retracementAll the three Parallel Channels (PC) are one and the same!
PC-A = PC-B = PC-C
The strength of PC-C is crossing the highs of Apr-22 levels for the breakout
and strongly retraced the BO at 105 levels.
The huge buying levels at in Apr 22 at BO of PC-B and at BO of PC-C are confirming the strength in the BOs.
What I feel is, the overall market trend in Apr-22 had impacted the Breakout of PC-B also, and lead it for the resistance of 100 which was also the midline of PC-A
The bearish view resulted in Breakdown of PC-B and lead to levels of 67, which is also the lower line of PC-C
Yesterday's strong green candle with heavy buying volumes confirms the strong BO of PC-C
For swing trade
Entry: Coming opening levels above 105
1st target is 130, then 150
SL:
The FAs and business model is strong, script is good pick for long term portfolio building.
If view didn't go well, the levels of 85-90 are good levels to add.
INDUSINDBK (M)INDUSINDBK (M) is in an uptrend (ascending channel).
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterise this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows and an upper channel line that joins the swing highs.
1) An ascending channel is used in technical analysis to show an uptrend in a security’s price.
2) It is made up of two positive sloping trend lines drawn above and below a price series depicting resistance and support levels.
3) Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
After a COVID FALL, INDUSINDBK is facing a resistance trend line which INDUSINDBK broke on the start of August. If INDUSINDBK breaks and sustains above 1250, then 1500, 2000, and 3000 will easily come in future uptrend months.
VEDL: VEDANATA at BO, Gap up triggering the BO | ST TGT- 405#WondersOfPC
All the Parallel Channels namely A, B, C, D & E are SAME in all respect!
And today's opening with gap up is triggering the BO for PC-E
Already Volume gone above 15M+ at opening session only.
CMP:317
ST Target: 350, later 405
Swing trader may SL of 289
While being a good pick for LT portfolio one may add up at every dips