The separation between the two trend-lines needs to be wide enough if you want to trade inside the Price Channel Pattern.
If this is the case, you can buy at the channel support level and sell at the channel resistance level.
This is a more powerful and fair way to gauge what the price is doing.
This is because you’re looking to determine upwards and downwards...
NSE: BHARTIARTL seems it breakout the triangle pattern, as per the Daily chart. The next target can be the height of the triangle from the breakout point, which will be around 644.
This is as per my analysis.
Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in...
The stock has crossed over its resistance aread on WEEKLY area and is displaying Terrific Outperformance on Short & Long Term RS.
Invest into this one with a view of 6 Months.
Fantastic Returns can be expected.
Sail has formed a trendline and its near demand zone. If this zone holds the price and trendline is broken then sail can see an upside towards 33-55 levels. wait for a breakout with high volumes.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.
Check the RS line crossing above ZERO in this chart @ 99 on 24th April 2019. The stock had a massive uptrend over the next 9 months and the RS line gave an exit signal at 215 on 21st Jan 2020.
The stock has been recently again outperforming the broader Index (NSE: NIFTY) and has a high probability of again generating fabulous returns.
Please note that this...
After a huge fall from 763 levels in Feb to 284 bottom levels in March, Axis bank is probably heading upwards.
As marked in the chart initially 447 and 487 in later stage would be key levels to look for.
I'm bullish on Axis bank above 447 levels. 487 would be the first target to look for.
ITC at the breakout point. Can give a big move in the coming days. Likely to go upto 220-230 zone.
DISCLAIMER - This is just my personal analysis and not a trade recommendation. Please do your own analysis before taking any trade.
Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances,investment objectives, risk tolerance and, liquidity needed.