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Trendlinechannel

#TCS Potential breakout towards Weekly channel top#TCS Potential breakout towards channel top This IT sector stock has been moving in a weekly trendline channel and had done an wedge pattern breakout back in august Post which it had a pullback to channel bottom and now it seems to be heading back to channel to again by way of potential Breakout from a previous resistance zone.Positional entry above a confirmation candle above the resistance 3990 levels Could give good swing trading opportunities atlas till channel top .The FIB extension indicate possible targets upto 4350 if Breakout sustains. The stop loss should alert candle of breakout above resistance low.
NSE:TCSLong
by seekedgetrade
#larsen&toubro trending up from rounding breakoutThe stock continue trending up well within a channel after the rounding pattern breakout many weeks back. Momentum and trend indicators are in bullish zones on all timeframes.Volumes are decent above 20 moving average. Have tight stops for short swing trades as there could be weekly bearish divergence that could pull it down. However the pattern could eventually retrace to form a cup and handle also for positional trades where breakout neckline could be stop loss
NSE:LTLong
by seekedgetrade
Trade Using Multiple Trend Lines Important Note:- Very complex and professional techniques I have discussed in the below texts. So my friends read this minimum 3 times, otherwise you will not get the inside what I'm saying about. See how a professional trader using multiple trend lines in a chart and find out opportunities. 1. Here you can see two old trendlines are there and two new trend lines i.e. support & resistance line. 2. Price has been take support and resistance in different different position of the chart and if we join them then we can see a different trend channel in different angle along with previous one. 3. Trend channel already change few months ago i.e. new support line and new resistance line. 4. Now break in the upside direction. 5. So we can take position on direction of the breakout. But my friends there is something more in this story, Actually we can't recognize multiple support and resistance in same direction , that's why we can't draw trend lines there. Reality is there is the difference, between professionals and intermediate or beginners. We have to look into the chart in different way all the time then you can see the chart differently or in professional way. In this chart the price already break the old resistance line and now it's break the new resistance line with big bullish candle. Also previous support and resistance line nothing but a symmetrical triangle pattern. By using multiple trend lines you can see the different opportunity in different position of the chart and you have to choose the correct one which have highest provability to move the price in your way. I know this concept is little bit complex but if you download this in your mind, in near future you will get the taste of success.
NSE:RELIANCEEducation
by marketaffairs