FLUOROCHEM: Parallel channel analysis #WondersOfPC -Took support at Mid line of PC-A for retesting -Opening above the recent close, will lead to touch upper line of PC-A, which it missed earlier at P2 -Strong confirmation can give us a target of Breakout of PC-BA -Earlier candles have tested the lower levels of PC-A at point P1 while breaking out PC-B -If the...
Shivalik Bimetal Controls Ltd (SBCL) PC-A = PC-B = PC C The Parallel Channel Broke Out on 1oth Aug 2022, PC-A This Break out lead to other two PCs, PC-B & PC-C, all three of three are SAME in width and Slope. #WonderOfPC The arrows in the chart showing the Support and Resistances where Candles respected the PCs, and showing the strength of it. The recent...
DIL-DEVYANI INTERNATIONAL LTD Chart points: PC-A = PC-B = PC-C Are exactly same with width and slope Currently it is strongly holding the support of Mid line of PC-C If Overall market holds here, we can see strong Breakout from PC-C But If market drops further, next support is at the lower line of PC-C Also check out the volume towers, all the tall towers are in...
PC-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...
All 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...
#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
Analysis of Parallel channel: -In the chart, the Parallel Channel PC-A and PC-B are of exact width recently the daily candles of PARAS tested the levels of lower of the channel PC-B -And strongly reversed back as closed above the mid line of PC-B at 715 -Now an opening above this level strongly expects near target of touch the upper lines of PC-B, i.e. 790 -And a...
Another Script supporting wonders of PC ( Parallel Channel ) #WondersOfPC GHCL (CMP: 649.15) Technicals: -Respected the midline of PC at 680 levels and went down to lower line -Recently tested the lower line of PC at 600 levels and taking support of the same -Confirming candle for close above 660 will take to the target of 860 in near short term -For Swing...
Another Script supporting wonders of PC ( Parallel Channel ) #WondersOfPC ROLEXRINGS (CMP: 19699.15) --> ALL 3 Parallel Channels namely PC-A, PC-B & PC-C are of SAME WIDTH & SLOPE !! Isn't it wonderous!! Current Status: -At breakout level of PC-C Upper line -If the coming days candle goes above 1895-1900, it will be confirming BO -And if not, it will test the...
Another wonderful thing about the Parallel Channel The candles of NAZARA have created exact same Parallel Channels in triple! The Parallel channels in the chart namely PC-A, PC-B & PC-C are exactly of the same width and slope! #WondersOfPC Analysis of PC: -Currently, the candle has taken support at Midline of PC-C at 650 levels -Opening above the level of 659...
#WondersOfPC Parallel Channel Analysis: -After taking support at the Mid line of PC-B, we are near the Breakout of PC-B -An opening above recent close of 1455 will give a strong breakout of PC-B and we can expect target of 1660 -At point P1, candles respected both mid line of PC-A and bottom line of PC-B and went to P2 and to P3 from there
Parallel Channel (PC) Analysis The width of both channels PC a & PC B is exactly SAME! How magical is the #parallelchannel and the candles respecting it! Yesterday's candle took support at Mid of PC B and today it is opened above it and the strong body is confirming the support. We may see up move till upper lines of PC B and high chances of a breakout from...
Another good example of candles respecting Parallel Channel After giving Breakout from PC A at 3875 It couldn't sustain Break-in of PC B and now at support level of 4225 If candles respects the Support level we can see up move till upper line of PC B If not, we may see downward movement till PC A upper line Fundamentals are looking strong with Q1FY 23...
Another good example of candles respecting Parallel Channel (PC) ◉Technical Analysis:- Analysis with The Slope of Parallel Channel (SPC): SPC B = SPC A1 and so SPC A2 SPC of D = SPC of E And now we are at the breakout level of the Big PC B Here we can see the PC A2 is formed near this breakout Such same PC A1 was formed before the breakout at 294 on...
Technicals: • Bullish view after took Support at the Channel mid level of 76.50 • Buying with good volumes • RSI positive divergence • RSI shifted from below 40 to above 60 • Relative Strength also in positive zone Fundaments: Q1FY23 Result Highlights: • Net debt : ₹464 Cr • Down from ₹1,005 Cr as at Q4 FY2022 • Estimated Collection of ₹600 Cr from sold...
After taking support at the mid of the channel at 530, we got the channel breakout at 560 And yesterday's movement with huge buying volume confirms the breakout
Opening of today is showing and confirming the strong break out of parallel channel Also High volume in buying Strong RSI + Relative Strength
Near the Breakout level of the parallel channel with strong green candle after taking support on the average of the same parallel channel at 188 Also near at the multi year trendline breakout above 215, Had tested this line in Apr 2022 for 225