MCXMCX broke out of descending channel with decent volumes on an hourly TF.
Risk:Reward in this trade is very much in favour of bulls.
Could be bought with mentioned stoploss & mammoth target.
LongDescending Channel
Long
M&MM&M broke out of descending channel on an hourly chart with decent volumes.
Could be bought with mentioned stoploss & target.
Please comment if you like my charting techniques, suggestions welcome.
Long
TITANTITAN broke out of descending channel on shoter TF with decent volumes.
Could be bought with mentioned stoploss & target.
Long
AXISBANKAXISBANK is trading in descending channel & its trying to breakout of channel, wait pateintly to break 852 then its a buy for very short term.
Could be bought above 852 with mentioned stoploss & target till EOD/GAP-UP.
Long
HULHUL broke out of descendng channel on smaller TF with good volumes.
Could be bought with mentioned stoploss & target.
Long
SUNTVSUNTV broke out if desceding channel with good volumes on daily charts.
Could be bought with mentioned stoploss & targets.
Long
KOTAKBANKKOTAKBank broke out of descending parallel channel with good volumes on hourly/daily charts.
Could be bought with mentioned stoploss & target.
Long
UBLUBL broke out of decending channel pattern on 30 min TF with decent volumes.
Could be bought with mentioned stoploss & target.
Long
INDHOTEL Down to its 2 Year old support ??!!!!Chart pattern does pave way for the above titled opinion
Reasons:
1. INDHOTEL has been trading inside an Ascending Channel pattern for the past 2 years , taking support and resistance at perfect levels till now.
2. Currently it is going through the Downswing move(in the form of descending channel pattern forming lower high and lower lows) inside the major ascending channel .
3. Weekly time frame chart below
4. Target & SL levels mentioned @ chart
5. Entry can be made after hourly
Short
CANARA BANKCanbank broke out of descending channel on an hourly chart with good volumes.
Could be bought with mentioned stoploss & target.
Long
Nifty Positional Short Trade Setup!Nifty Currently Trading Descending Channel, Making Lower High Lower Low. Sell Nifty ~ 17410, With Stop ~ 17580, Target ~ 16900, 16800. Expected Target 4 ~ 5 Trading Day's.
Short
DRREDDY INTO BEARS WARD ???!!!!Chart pattern depicts the situation clearly
REASONS
1. DRREDDY has been trading in an Ascending channel respecting the levels perfectly .
2. In Monthly timeframe, DRREDDY has given a Breakdown out of the 5 Year old trendline Support (White coloured)
3. Now, it is going through a Downswing(Descending Channel) inside the Ascending channel
4. Right now in Daily timeframe, it is Consolidating tightly in form of a Rounding Top .
5. Target & SL levels mentioned @ chart.
Safer S
Short
DIVISLAB Down to FILL GAP ???!!! Chart Patterns insist me to go with the opinion titled above!!!
REASONS:
1. Divislab has been travelling in a MAJOR Expanding Triangular pattern .
2. It's been travelling in a Descending Channel pattern(downswing inside the major pattern).
3. Soon the Stock may take support @ the major support.(Green line shown in chart).
4. There is also a GAP (occured in Aug 2020) ....which too can act as Support!!!(thus gap can be filled.)
SL- Day candle closing above 3770
Target - 2900
Let
Short
NIFTY Ready for a Down Swing move ??!!!Chart pattern insist me the above titled opinion
REASONS
1. NIFTY has been trading inside a Descending channel pattern creating lower highs and lower lows
2. Right now, it is at the resistance level(top of descending channel)
3. Day close above 18260 will pave way for the bulls
4. Safe SL can be Day candle closing out of the Descending channel
5. Target levels mentioned @ chart
6. In hourly time frame , Head & Shoulders pattern is evolving(right shoulder in formation)
7. Better
Short
Can We See A Bearish Trend In ASIANPAINTS?Hello traders,
It is a quick update about Asian paints. Security has made a downward channel. After the rectangle breakout, it made another rectangle pattern.
The 3033 level is an essential support level to keep an eye on. A breakout will intensify the bearish atmosphere. We can expect a new low based on the price action of the second rectangle pattern If support is breached. Bulls can't enter without a clear breakout of the downward channel. You will be notified when it reaches my level.
@M
NIFTY moving in a DESCENDING CHANNEL Pattern ?!!!In 1hr time frame, Nifty is travelling in a descending channel pattern (as shown in chart) .
If the next hourly candle breaks down out of the yellow trendline, we can go short!!
18000 being psychological support, we can increase our quantities after 18k breakdown!!
Seems like Nifty is respecting the channel , Let's see how it moves!!!
Target and SL levels mentioned @ chart!!!
Note- Just Sharing my view...not a tip nor advice!!!
Short
NIFTY ABC correctionNSE:NIFTY seems to be completing ABC correction.
The shorts must be squared here. Likely chance of resuming an uptrend.
WOO bullish scenario BINANCE:WOOUSDTPERP
Bullish scenario . Travelling inside the channel good to long at support.
FOLLOW FOR MORE
FROM: 𝕄🌚🌚ℕ𝕋𝔸ℕ𝔾 ℂ𝕃𝔸ℕ™️
RelianceAlways follow Risk and Position Management❇️❇️
For more information like this follow me in Tradingview @Jagadeesh11616125
Happy trading
Long
GAELGAEL
Study - Falling wedge and Flag pole correction Breakout
Fundamentals - very good company for export as war conditions are going on.
Please do your own study before taking any trade. This chart is only for educational purpose
SL for this stock breakout may be 285
Long
Zomato Breakout expectedOn 1D time frame, zamato is moving in descending channel pattern....breakout is expected and buying opportunity is above 66.
Z
BTCUSDT Bullish Range Breakout Further updateBINANCE:BTCUSDT
UPDATE With important levels to trade
View : Long term Bullish
Reason : You can check previous analysis for descending channel breakout.
Current Analysis : Range breakout Trade.
It can be clearly seen that BTCUSDT trying to break range.
Target 45800 - 47200 - 50000 - 50700 - 52600 + + +
Levels has been drawn for you to trade for short term in lower time frame.
Long
BAJAJHCARE channel breakoutit has given flag breakout on daily chart and taken support at 20D moving average.
and trying to break weekly channel.
volume seems to be relatively higher.
if it sustains above 400, then it is going to be a good breakout
Long
[Positional] HCLTECH Long IdeaHCLTECH has been trading in the narrow channel range from almost last 6 months. The Channel was a descending channel. HCLTECH Was trying to break the channel from last few days- it was trading very little above the edge of the channel. Today HCLTECH has convincingly broken the channel.
Once can LONG HCL with below details:-
Entry:- 980-982 (Trade can be taken now)
SL:- 913 (Ideally the SL should have been placed at 880-881 range i.e. the channel low, but am placing the SL at the mid of c
Long