ParyataK

ParyataK

Chart is self explanatory. Targets are mentioned. You can wait for a retesting before entering the stock. Support zones are also available and SL can be set as per risk appetite. A beautiful pattern and breakout I am bullish on. *** I am not SEBI Registered. Kindly do your own analysis before taking trade. ***

ParyataK

RIL is trading in 2 beautiful parallel channels as you can see in the chart. After the recent fall from its highs of 2750+, the stock has taken support from the lower band of upper parallel channel. This view is supported by a supremely bullish Doji (Bullish Hammer) Candle, this signs a strong pullback to retrace its previous highs of 2750. Possibility of a strong...

ParyataK

Cholamandalam Investment has been following a parallel channel. It recently touched upper band and corrected down to the lower band of this channel. The support stands at levels of 577-580. You can Go LONG Here, and exit this trade at upper band of the channel. Also, this stock has been consolidating for long, after a strong bullish movement. The breakout of this...

ParyataK

TATAMOTORS has shown a great retracement from its recent highs of 530+. In fibonacci levels, we can clearly see how the stock took support at78.6% levels. Its currently hovering around and has not broken down this level. A long call can be taken here, for targets up to 510. ALSO THIS LONG VIEW IS SUPPORTED BY THE PARALLEL CHANNEL THAT THE STOCK HAS FORMED ON DAILY...

ParyataK

Tata Power is building support at current levels of 236-237. At point 1, we can see a STRONG SUPPORT LEVEL (Trendline support in parallel channel as well as Fibonacci Retracement 0.236 support level.) As we have already seen previously, TATA POWER has taken support and bounced back from these levels a few days back. If the stock sustains and respects this strong...

ParyataK

Can Fin Homes is building a beautiful parallel channel . This channel begins from Fall of 2020, and builds up till date. The stock has given respect to both bands of this channel and continues its journey. Currently the stock is trading near its all time highs of 2017, which it did broke a few weeks back, but faced a strong resistance and retraced. This week can...

ParyataK

LEMON Tree started consolidation move, trapped in Ascending Triangle pattern since late 2020. This consolidation broke out in Late September. Coincidentally I also found out that the stock is also following a Parallel Channel Consolidation, as visible from chart. The stock is now consolidating near upper band of this Channel. A probable breakout from this point,...

ParyataK Updated 

IB Real Estate recently hit its all time high around 195-196 zones. After this upmove, stock corrected to its 38.2% levels i.e. around 177-178 zones. This zone has previously also acted as a strong support (demand zone) for the stock. This time also the stock has respected this support level and bounced back from it. A strong sustained support from the current...

ParyataK

Chart is self explanatory; SL below 205 levels. Can wait to go long if it breaks through the channel with volumes. If stock retraces, enter at lower channel for a rangebound upmove. *** I am not SEBI Registered Advisor. Kindly consult with your advisor before taking trade. ***

ParyataK

The stock after touching it highs of about 10Years, took a downward trajectory and a healthy correction occurred. The stock took support at 0.382 Fibonacci Retracement (You can check this by creating grid), henceforth continuing its journey in a parallel channel. This Channel Pattern consolidation is visible at 1H Charts. A breakout from this channel will lead the...

ParyataK

On the 1H chart, we draw Fibonacci taking swing highs and swing lows. It's clearly visible that TaPo takes support at 0.236 retracements. If it sustains and respects these support levels, a further upmove to the levels where it faced resistance (i.e. the recent high tested yesterday 10/11/21).

ParyataK Updated 

On 9th Nov 2021, the stock gave a strong upmove as the market opened, thereby consolidating over the day. The structure resembles a bullish pennant formation on 15 min chart (Quite visible at 1H charts too). Support Region remains around 55.5-55.6. A breakout from here can instill fresh momentum in the stock and further upmove. **I am not a SEBI Registered...

ParyataK

Observing 15 min charts of 9/11/21 gives a solid breakout from 233-35 levels. With big volumes, the stock is now consolidating in 15 minute charts. The chart structure stands strong, and hence a further upmove is assured. SL at 235. *Not a SEBI Registered Advisor. Kindly take advices from your financial consultant before taking trade*

ParyataK

The Chart is self explanatory. The breakout is visible clearly with Volume Support. *** This is just for Educational purposes. I am a learner too. I am not SEBI Registered. Kindly do your own analysis before taking trade.***

ParyataK

*Only for learning purpose* There is a visible Cup and Handle Formation on Weekly chart of Bank of Baroda. You can check the charts for some details. Kindly suggest and advice if I made a mistake in this observation. And as far as I believe, this is supported with increasing volumes, visible on charts.