A parallel channel, also known as a price channel or trend channel, is a technical analysis tool used to identify and visualize the direction and strength of a trend. It consists of two parallel trendlines that encompass price movement within a specific range over time. Here's how a parallel channel is constructed: 1. **Upper Trendline:** This line connects the...
🚀🌱 Investment Opportunity Alert! Chambal Fertilizers & Chemicals Limited 🌱🚀 📈 Stock Symbol: CHMBL 📉 Stop Loss: Below 349 🎯 Targets: 476 and 506 ⏳ Investment Horizon: 2 Years Looking for a promising investment opportunity in the fertilizer sector? Look no further than Chambal Fertilizers & Chemicals Limited! With a strategic stop loss below 349, and ambitious...
A bearish flag pattern is a continuation pattern that typically occurs within a downtrend and indicates a temporary pause before the price resumes its downward movement. It is formed by two parallel trendlines – the first trendline represents the initial downward move (flagpole), and the second trendline represents a consolidation period (flag). Here's how a...
Based on the chart you've provided for RBL Bank Ltd (RBLBANK on NSE), here are the trading recommendations and some fundamental insights: ### Trading Recommendation: - **Entry:** Current Market Price (CMP) - **Stop Loss (SL):** Below ₹235 - **Target 1:** ₹430.10 - **Target 2:** ₹603.40 ### Fundamental Overview: RBL Bank is a private sector bank in India known...
Buying at support and selling at resistance is a classic strategy in technical analysis. It involves identifying key levels where the price of an asset has historically shown support (where it tends to stop falling) and resistance (where it tends to stop rising). "Support" refers to a price level where a downtrend is expected to pause due to a concentration of...
ONDO ~ 1D #ONDO The Bull pattern is formed at time 1D. Buy after breaking this Resistance Line, with a minimum target of 10%+
#JUPUSDT UPDATE Hey dear traders hope you are enjoying trading and analysis with our team. we are here to discuss about JUPUSDT Bullish pennant breakout done in 12h Time frame ✅ Expecting massive Bullish wave 🚀
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#TRBUSDT UPDATE Hey dear traders hope you are enjoying trading and analysis with our team. we are here to discuss about TRBUSDT TRB is making descending channel in daily time frame We can see gain here upto 100 %+ profit in coming days 🚀
FIRO ~ 1W #FIRO This is the Last Support block for $FIRO. Maybe a few small purchases here with a minimum target of 20%+
MANA ~ 1W #MANA This is an important support block that we are looking at. Maybe a few small purchases are very interesting here, with a target of at least 20%++
Based on the pivot point analysis provided, the current price is at 2301. A bullish scenario may be confirmed if the price locks above 2309, while a bearish sentiment would be established if it remains below 2298. Bullish targets are set at 2324, while bearish targets lie at 2284. Continuous monitoring of price movements is recommended to gauge the market's...
Based on the additional information provided, the current price of XAU (2319) is slightly below the pivot point (2321) but close to it. The support levels are S3 (2243), S2 (2262), and S1 (2290), while the resistance levels are R1 (2336), R2 (2356), and R3 (2383). The current price is between S1 and R1, tending towards R1. This suggests a bullish inclination as...
Inverse Cup and Handle continuation pattern observed in EURAUD pair. There is an indication that the bearish trend will continue creating newer lower highs and lower lows.
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🎯The stock is in red as the Raymond Boss is getting divorced. Details here - x.com 🎯 The price is down about 20% since the news came out, the company is still the same. 🎯Price stands at 1500 i.e. the first psy. Support level 🎯The delivery data shows an accumulation 🎯We may see a quick bounce from here 🎯 if the fall continues, 1212 is a significant support...
Descending channel continuation pattern observed in TPLT in daily timeframe. There is no divergence, so there is a strong possibility that the current bearish trend will continue forming new lower highs and lower lows.