Parallel Channel

USOIL: Bull Trap at Trendline + Channel Break | 1D Description: The setup Crude oil rallied from ~67.9 in July inside a rising channel. That rally ran into a long-running descending trendline from the April highs, and price spiked above it near ~104 before reversing sharply. That is a classic bull trap: breakout buyers got in, and the move failed. What the charts show Trendline rejection (daily): Price tagged the long-running trendline and failed. The wick above it looks like a liquidity grab, with stops hit before the drop. M pattern (4h char

by trader_ghosh

KMEW Bullish Bounce at Key Support Confluence Market Bias: Long Expected Duration: Short to medium-term swing trade (1 to 4 weeks) Technical Analysis & Chart Breakdown: Knowledge Marine & Engineering Works is currently presenting a highly favorable risk-to-reward long setup on the daily (1D) timeframe. The stock has been trading in a steady macro uptrend and has formed a clean ascending parallel channel. The rationale for this setup is based on a confluence of two strong technical support factors: Horizontal Breakout Retest: The price p

by ParamjitMahapatro

SYMBIOTEC Long Opportunity at Ascending Channel Support Chart Analysis & Reasoning The stock is currently trading within a well-defined ascending channel on the daily timeframe. The price has recently tested the lower trendline support of this channel and is beginning to exhibit a bullish bounce. The primary reasoning for this setup is that this lower boundary has historically acted as a reliable accumulation zone, and the current price action indicates the broader uptrend is likely to continue. Trade Setup To provide a complete trading idea, the

by ParamjitMahapatro

Bank Nifty - Descending Channel and SMC Level Bank Nifty continues to trade within a broader downward channel, with Buy-Side and Sell-Side Liquidity clearly identifiable. Key Technical Observations: ==> Sell-Side Liquidity near 53,788 has been swept, followed by a recovery. ==> Price has revisited the Bearish Order Block around 54,800–55,100, where selling pressure may emerge. ==> The broader market structure remains within a descending channel. Key Trading Range: 🔴 Upper Range: 55,200 🟢 Lower Range: 53,700 Technical Perspective: The 5

by Arvind_Share_Academy

XAUUSD: H&S Breakdown + Channel Re-Entry | Retest Setup The two-lens framework This idea reads the chart in two independent ways. When both point the same way, the setup is stronger than either alone. Lens 1, trend structure: Gold has been in a downward trending channel since the Jan-Feb 2026 peak. In August, price pushed above the channel and formed the right shoulder. That breakout failed, and price re-entered the falling channel, a bearish sign. Lens 2, classical pattern: The same price action forms a head and shoulders (left shoulder ~4,380, he

by trader_ghosh

XAUUSD: Is Gold's Rising Channel a Bull Trap? Gold has recovered from the 3,980 region and developed a short-term rising channel. But the next significant move may depend on whether buyers can defend the structure beneath this recovery. The latest advance has introduced higher lows, while the broader bearish trend remains a challenge. Market Structure — Recovery Within a Bearish Trend Following repeated failures near the 4,200 region, XAUUSD developed a sustained bearish sequence characterized by lower highs and lower lows. Successive

by Aries_XauFlow

BTCUSDT: Bouncing Within Channel BTC is reacting from the lower boundary of the ascending channel around 79.8K–80K, leaving room for a short-term recovery. If buyers hold this area, price could rebound toward 81.5K, followed by the upper-channel resistance around 82.3K–82.7K. That zone is likely to be the real test. A rejection there would keep the broader structure weak and could send BTC back toward 80K. Macro still favors caution beyond the immediate bounce. The Fed kept rates at 3.75–4.00%, but described growth as strong

Base Holding, 82,000 Tested Multiple Times. Breakout or Fake-out Structure BTC has been in a descending channel on the 4H chart. Price made repeated tests of the 79,100-79,400 base, and sellers failed to push below it each time. Price is now back at 82,000-82,300, which has rejected it multiple times (the red flags on the chart). The higher lows near 79,500 hint at buyers stepping in, but the channel is intact until proven otherwise. The idea (conditional, not predictive) Long only on a 4H candle close above 82,000-82,300. A wick above the level is not enoug

by trader_ghosh

XAUUSD Took a long for Gold. As it is running in channel and the long position the exact same area has weekly demand zone. Once the small trendline shown in chart breaks that confirms the target for long.

by Abhishek_Verma69

Nifty - Monthly expiry day analysis...What can you expect in this video? 1. Important support/resistance 2. How the trend direction is changing 3. Where to buy and sell 4. Descending channel and ascending triangle pattern movement. Buy above 22800 with the stop loss of 22720 for the targets 22860, 22920, 22980, 23040 and 23120. Sell below 22600 with the stop loss of 22680 for the targets 22540, 22480 and 22420. The expected expiry day range is 22500 to 23100. Always do your analysis before taking any trade.

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Can UTTAMSUGAR give some 'Mithaas' to its investors?Uttam Sugar has seen a sharp rally from the ₹250 zone, supported by a noticeable pickup in volume. The stock is now correcting within a descending price channel, and the lower part of this channel is an important area to watch. Price is currently around ₹352, close to the 0.382 Fibonacci level. If channel support holds and price starts moving back toward the upper boundary, a fresh upward move could develop. A breakdown below the channel would weaken this view, with ₹339 and ₹326 as the next su

Nifty - Weekly review Oct 26 to Oct 30 The price faced resistance at the 23140 zone and fall down gradually. Important support is at the 22180 zone. If the price breaks 22180 with strong bearish strength, then we can expect a big fall. In the lower time frame, the price is trending inside a descending channel. 21960 - 22020 is the next support. Important levels to expect movement from the price are 22000, 22180, 22580 and 22720. Buy above 22600 with the stop loss of 22520 for the targets 22660, 22720, 22780, 22840, 22900 and 22960.

Will Buyers Defend the $4067 Zone?Gold remains within the H4 sideways range, while the daily chart is approaching a major support area. Despite the short-term bearish pressure, I’m not looking to chase SELL positions at current lows. My strategy: BUY the dips, SELL the rallies for scalps. 🔴 Resistance: 4,125 | 4,140 | 4,155 | 4,200 🟢 Support: 4,080–4,083 | 4,066–4,067 | 4,025 | 4,000 The first key test is the 4,080–4,083 zone. If broken, attention shifts to 4,066–4,067. Can buyers defend this area, or will gold extend its de

Sensex - Expiry day analysis Oct 15 The price is moving inside an ascending channel and now it is testing the lower trend line of the channel. In the daily chart, you can see the strong resistance at 73000 zone. The price have to sustain above that to move up further. Buy above 72680 with the stop loss of 72540 for the targets 72820, 72960, 73120, 73280 and 73420. Sell below 72400 with the stop loss of 72580 for the targets 72180, 72040, 71880, 71720 and 71580. 71700 is strong support, and 73000 is strong resistance. The price ca

Dr. Reddy's Laboratories | Elliott Wave Analysis 📈 Dr. Reddy's Laboratories | Weekly Chart | Elliott Wave Projection NSE:DRREDDY appears to be developing a long-term bullish Elliott Wave structure within a rising parallel channel. The advance from the 2022 low could represent the beginning of a larger upward move, with the potential for an extended Wave ((III)) . 🎯 Elliott Wave Price Projections - Near-Term Upside: 1319 → 1479 - Extended Target: 1942 - Bullish Extension Scenario: 2691+ if Wave (III) develops into an extended impulse.

Gold: CPI — The Biggest Battle of the Week. Who Gets Trapped? Gold remains in a short-term H1 downtrend, while the broader market is trading within a range. CPI could trigger a liquidity sweep in either direction. Resistance: 4,160 | 4,170 | 4,198–4,200|4250|4300 Support: 4,140–4,130 | 4,110–4,100 | 4,060 | 4,020 Trading Scanner Rule Buy bias: Focus on strong support zones, but wait for clear rejection and signs of selling pressure weakening before entering. CPI strategy: Let volatility play out first. Avoid chasing the initial move; look for Buy opp

BTCUSDT: Channel Breakdown Turns Into Resistance Bitcoin has broken below the lower boundary of its ascending channel, and price is now trading around $84,200, below both short-term EMAs. That weakens the previous bullish structure and shifts attention toward a deeper correction. The important area is now roughly $84,600–$86,300. This zone previously supported the advance, but after the breakdown it can become resistance. If BTC rebounds into this area and fails to reclaim the channel, I would treat that move as a retest rather than a bullis

Anand Rathi Wealth: Wave 5 Ahead or Bigger Wave (4)?From the March 2025 low of 797, this stock has almost tripled. The move fits a clean Elliott Wave structure. Wave (1) and (2): Wave (1) ran from 797 to 1,660.7. Wave (2) fell to 1,353.9, taking back only 35.5% of wave (1). That's a shallow dip, which shows buyers stayed strong. Wave (3) so far: Inside wave (3), wave 1 topped at 1,620.5 and wave 2 fell to 1,451.5. Wave 3 then ran to 2,268.4, about 3 times the size of wave 1, in five smaller waves: ⓘ to ⓥ. Wave 4 ended at 2,007. Why the co

Sensex - Expiry day analysis Oct 1 Price is trading inside an ascending channel and is now testing the channel's support line. If support holds, price could rise toward the channel's resistance. Buy above 72,620 Stop loss: 72,480 Targets: 72,760 · 72,880 · 72,980 · 73,100 · 73,260 Sell below 72,300 Stop loss: 72,460 Targets: 72,160 · 72,020 · 71,860 · 71,720 · 71,580 As per the daily chart, support is at 72000. Always do your analysis before taking any trade.

ICICI Bank Price Forecast 2026 - 2027 🏦 ICICI Bank: Wave ((V)) Developing - 1610 or 1752+ Next? According to Elliott Wave Theory, the previous Wave ((IV)) appears to have completed around 268.30 in March 2020. From that low, NSE:ICICIBANK began a major advance that can be interpreted as the developing Wave ((V)). The first leg of this larger advance, Wave (I) , developed from March 2020 to October 2021, reaching around 867 . A corrective Wave (II) then followed, ending around June 2022 near 642.15 . ⭕ Wave (III) — De

by forextidings

BTCUSDT: Rejection Below $86K, Bears Take Control Bitcoin is losing momentum after the strong breakout rally. Price failed to extend above the $86,000–$87,000 region and has since formed a clear rejection structure, with sellers gradually pushing BTC back below the short-term EMA. The main area to watch is now $84,500–$86,200. If BTC rebounds into this sell zone but fails to hold above it, the recovery would look more like a retest of resistance than the beginning of another bullish leg. Price is already approaching the slower EMA around $82,

BN: Downward Channel Breakdown, Starter Position & Retest plan 📌 Overview Bank Nifty has been in a downward trending channel since July, making lower highs and lower lows, with repeated rejections from the channel's upper trendline. Price consolidated at the bottom of the channel, near 55,100–55,500 and has now broken down sharply below both the support zone and the lower trendline. The current 1H candle is down about 1.5%. ⏳ The 1H candle has not closed yet. A close below the support zone (about 55,030–55,100) confirms the breakdown. 📊 Technical Structur

by trader_ghosh

NIFTY BANK — Monthly Chart Analysis Parallel Channel Breakdown | Key Levels & Confirmation Bank Nifty has been trading inside a long-term ascending parallel channel. Price has recently shown a sharp rejection from the upper portion of the channel and has moved below the lower channel boundary, making the current structure important from a long-term perspective. 🔴 Bearish Scenario: A sustained monthly breakdown below the lower channel, followed by a breakdown + retest + rejection, would strengthen the bearish setup. 📉Key Dow

by LogicTradeRoom

Bullish confluence in Phoenix mills We can see multiple bullish pattern emerging here. 1. Channel support 2. Earlier resistance acting as support 3. Supper trend support This makes the bullish positional trade very interesting. This is weekly chart and targets and SL are large which can come only after more than 3 months.