In The above chart you can see how Nifty follows various Technical aspects of the chart. First of all we can see a Parallel channel in which Nifty is travelling. The channel has 3 parts. 1) Channel Top. 2) Channel Bottom. 3) Mid Channel. Channel top will always work as a resistance and Channel bottom will always will work as support. Channel Mid or Mid channel...
Pair: HTX:CSPRUSDT Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on H4 time-frame - Price action is close to bottom of a Parallel Channel - Price is entering a Demand Zone (Yellow area @ Current rice) - Aiming for the next two Supply Zones (TP 1 @ Blue Horizontal Line & TP 2 just...
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price is rising inside a parallel channel once channel breaks everything will change instantly
In this video we have discussed the short to medium term outlook for Indian markets. We have also tried to analyse the micro and macro factors affecting the recent downturn. Also in the video we have explained how to use the tool called 'Parallel channel' to guesstimate levels of indices or stocks.
We've reached a potential reversal zone, where the ascending channel trend intersects, along with a limit level at 0.7545 and Fibonacci level at 0.618. This scenario is reinforced by the appearance of a bullish reversal formation known as an inverted hammer. The target will be the upper boundary of the channel.
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AUDNZD is looking bullish as more heavy confluences are with the bulls, but we should not enter here instantly if it breaks the structure and closes the candle above 1.07162 then we could take entry on the closing of 2h or 4h candle. it could also be a sign of trend reversal bearish signs are weak but we can also take entry blow 1.06849 on the closing of 4h or...
Profit booking in the market ahead of FOMC meet of US Fed was expected. There is a widespread noise of US Fed raising the rates by 25bps in the worst case 50bps. Market has today factored in 25 bps rate hike. However if there is a surprise tomorrow market can tank further. A positive surprise no no rate hike can again reignite the rally. All eyes on US Fed now....
A quick look at how Bitcoin could drop as low as 25-26k or even 22-23 and remain bullish. Bitcoin first broke above an inverted HS, which ultimately led to a parallel channel breakout on the weekly chart. We haven't yet re-tested the top of that channel. A re-test doesn't always occur, but if it does a re-test at 25-26k is easily still bullish and remains...
since war news gold price are flying bulls fomo has reached at maximum level but price is still trading inside a parallel channel high 2052 is first big resistance level for scalpers
Nifty made an immense come back to post the knee-jerk reaction to the crisis brewing in the Middle East. A follow up candle tomorrow to confirm the grip of bulls will be required however for the bull run to continue. The resistances on the upper side for spot Nifty will be at 19721, 19817 and 19894. Supports for Nifty on the lower side will be at 19474 (Strong...
" PARALLEL CHANNEL BREAK OUT " High Volume Based Entry level - 98-100 SL - 90 (with previous candle below level) Targets - 107,113,118+ Market Capitalization of Dwarikesh Sugar stock is Rs 1,923.50 Cr. #DWARIKESHSUGAR Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered...
If we look at INDEX:ETHUSD from a bearish perspective, it shows potential for significantly more losses. There is a rising wedge that has 1x and 1.5x targets around -720 and ~520 on the logarithmic chart. The linear chart's rising wedge targets ~350 or near to the log chart's wedge target's 2x measured move down, which lies just above around ~375. The...
Hello 🐋 based on the chart, the price is in the parallel channel and range cycle ✔️📚 and it needs some rest and more range trend and candles 📚💡 beside for future analysis and ideas toward exact short and long, I need more confirmation hard and firm evidence and candles 📖💡📚 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with...
50 EMA (Mumma Support again pulls back the child like a magnet.) Nifty which tried to break the shackles of 50 EMA is again under the same and now the full zone between 19566 to 19684 is full of resistances. Nifty will be bullish only after it closes above 19684. Till then there will be stock specific action based on results. Supports on the lower side are at...
Price has taken support from parallel channel bottom which is a strong support/fib ret level. Breakout from trendline is observed Trade with SL
USDPLN on the Higher timeframes has generated some PPO arrows and Hidden Bullish Divergence at the Demand line of an Upwards Slopping Channel, which also happens to align with the 200 SMA. If it can hang on from here, I think it will make a run back up towards the top of the channel.