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Parallelchannelbreakout

Nifty PSU Bank Rally - Real or Trap ???Since US Federal Reserve cut 50 bps points on their interest rates last week - there is so much Hungama on the Media Channels about an impending BLAST on the Nifty PSU Banking Sector Everyday there is news that the Sector would Rally and as "Anticipated" by so many the PSU Bank index Blasted 3% yesterday and was the Top Gainer among the Nifty peers But has the Rally Really Started yet ??? Before falling Trap to Media Hype - let's take sometime to analyze - why it MUST Rally now ? 1. There are NO new investments in this sector 2. There is no major policy change from India's PM, FM or RBI 3. Even if there is a News or Interest Rate reduction from RBI.... the technical structures doesn't show upside now Quarterly Timeframe (On Left) 1) There has been a Non-Stop run of 650% in just 4 years (since Apr 2020) 2) Also, given the September Quarter is just about to end in 4 more sessions, the current candle shows "Bearish Engulfing" candle + "Tweezer Top" formation - both indicating Bearish side 3) On Quarterly - we can also, see the Multi-year Parallel Channel broken out during Jan 2024 and now the price is Retesting the BO zone 4) There are no intermediary Supports created - before reaching the Parallel Channel Retest zone Daily Timeframe (On Right) 1) The price has already taken a Resistance from a Combination of Falling Parallel Channel + Weekly Resistance and fell -0.86% today 2) The price would further fall down to the bottom of the Falling Parallel Channel around 6,215 zone and then go sideways for some more time The Monthly Timeframe chart (on Middle) 1) The Price is expected to Bounce once sharply - may be with the news from RBI on Rate Cut - you can see a 1-2 days sharp blast which WILL NOT sustain 2) The price would form a Double Bottom by retesting the Multi-year Parallel Channel and then take a Bullish reversal - by which time it would be end of Current Financial Year Don't get attracted by a short 1-2 days or even a week blast due to any rate reduction by RBI. As soon as the effect of NEWS subsides the sector would stop or fall again. There is NO juice left for a continuous rally after giving 650% returns
NSE:CNXPSUBANK
by Stocks-n-Trends
$DXY | SilverEdge Insights |Technical Confluences: Price action is in Oversold conditions in the Daily and Weekly Timeframe. Likely to see some consolidation of positioning here. Price action broke out of an Upward Sloping Parallel Channel and cleared itself out of the that Interest Zone too. Likely will see a test to re-enter that Channel due to Oversold conditions. Elliot wave count shows it is trying to compete Wave C (expected target would be to 71% Fibo Extension levels - possible to test the 100% Fibo level) A new Downward Sloping Parallel Channel is in play now and Price action needs to see it break the mid of the Channel to see a substantial move downwards Fundamental Confluences: With the expected cuts, market started unwinding their long USD positions and it is reflected in the TVC:DXY The extent of Wave C will really depend on how quick and reactive is the FED in cutting rates (the higher chances of 50bps cuts; the likelier we will see USD get sold. Building into next week, we are likely to see some traders cover their short USD positions as they size down before NFP data. However, if there is any gyration on the geopolitical front or US elections, it is possible to see the TVC:DXY reverse back to the top of the Downward Sloping Parallel Channel and top out at the Interest Zone area again
INDEX:DXYShort
by weekendanalyst
The Wizard with a Magic Wand (Ward Wizard Mobility & Innovation)Ward Wizard Mobility which is a leader in the Electric 2 Wheeler Segment is all set to make headlines now. Here is a quick comparison of Weekly and Monthly charts - each showing different representation to give you clarity on how multiple patterns get embedded one within another Weekly Chart: (On Top) Price is in the process of completing a 2 Year Cup and Handle Pattern Currently, the Handle portion is in Process and to ensure a smooth and hassle free completion of Handle, the price has formed an Inverted Head and Shoulder Sub-Pattern The Target of Inv H&S is 85 which completes the Cup and Handle. And Break out Above 85 on Weekly closing will lead to a Target of 95, 120 Monthly Chart: (Bottom Left) On the Monthly chart - we see a Falling Parallel Channel Break-out, followed by a Retest and then Strong Bounce. This entire structure is a Bullish Continuation pattern (so the fall to retest the Channel should not be considered as a Correction) Weekly Chart (Bottom Right) The 2nd representation of Weekly Chart on bottom shows Why the price fell today despite hitting intraday high of more than 8%, it ended at 6.77% The primary reason for this is the Rejection is the GAP Resistance at 63. Between 63 and 53, the price has already made a clean Double Bottom pattern having neckline around 60 On the Candle stick pattern, the price has formed a Rising 2 Bullish continuation pattern as well on weekly Though the Resistance 63 is still strong, Every pattern reviewed so far indicates Bullishness - s its just a matter of time before 63 gets broken and price blasts up to its subsequent targets. When you keep practicing charts - you will be able to combine multiple patterns in just 1 screen and be able to make decisions. I have split each pattern into separate windows for clear understanding of how to read a chart on various views. Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
BSE:WARDINMOBILong
by Stocks-n-Trends
Tejasnet flying Supersonic 6G speed :) :) :)Comparison of Quarterly and Daily Timeframes of Tejasnet shows amazing structures for bigger targets On Quarterly Chart - there is an amazing structure around 670-675 levels 4 Critical Confluences meeting at 1 single point providing the Price an Amazing Boost 1. Long Term Cup & Handle Trendline from 2018 crossing 2. Parallel Channel from 2021 crossing 3. Flag pattern bottom criss-crossing 4. Fib 0.618 level precisely meeting the intersection point of all above (1-3) When you have some exceptional scenarios - its impossible to go Bearish. Don't even think twice to take an entry at such levels Price completed 3 out of 4 targets already given. Next Target 1360 On Daily Chart - Price is on the verge of Fresh Rounding Bottom BO If sustained above 1250 WCB (preferably today), then Target would be 1490 We took entry at this stock around 460 levels and holding with 170% profits :) :) :) and more to go Disclaimer: Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:TEJASNETLong
by Stocks-n-Trends
KayCee Industries - See the "C"s (Cups)Kaycee Industries - on Weekly has Interestingly repeating pattern. Something very similar to TRIL I noticed last year. After 4 repeated Cups, TRIL stopped creating Cups but rather flew away. Very similar structure here Look at 4 different colored Fib retracements 1. Green - 0.618 retracement - precisely reached 1.618 target 9578 and fell 2. Orange - 0.618 retracement - precisely reached 1.618 target 14418 and fell 3. Blue - This time 0.5 retracement - with target of 23500, but fell slightly before 4. Pink - Again 0.618 retracement - precisely reached both 1.618 and 2.618 targets (32,900 and 43,726) By this time the Parallel Channel is decisively broken on the upside, and now retracement journey starts Very interesting structure - if the price gets reduced due to Bonus & Stock Splits - let's wait for the price change + wait for correction to retest the BO zone of Parallel channel and review again Love this Chart - repetitions add to the credibility of the stock and technical analysis Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
BSE:KAYCEEI
by Stocks-n-Trends
SAIL - The Steel that Sank the Titanic Vs Steel that Sails :) :)Its been 4 years since SAIL recovered from rock bottom price of 20. When late Big Bull Rakesh J took stakes in SAIL, it was trading somewhere around 90 and had reached a peak of 150+ and fell again to 65-70 levels It took 2 years to complete the return journey back to 150+. Lets now compare the short- and long-term views and respective targets Long Term View: Quarterly Chart shows a Falling Parallel Channel Breakout + Retest & Strong Bounce Long Term Targets are 235, 280 Short Term View: On Daily chart, price has formed a Fresh Rounding Bottom BO above 170 for Target of 190 Summary: Upcoming Targets - 190, 235, 280++ Disclaimer: Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:SAILLong
by Stocks-n-Trends
Shakti Pumps - Ready to Pump Higher :)Shakti Pumps - Comparison of Quarterly Chart vs Weekly Today price was locked in 5% UC Quarterly View: Long Term On Quarterly, the price is following a 12 Year Parallel Channel Cup and Handle BO done on Monthly for Target of 2105 Weekly View: Short Term On Weekly - Price is seeing to be travelling in a smaller Parallel Channel Inside the parallel Channel, repeated Cup Patterns (Rounding Bottom) seen Latest Rounding Bottom BO confirmed on weekly above 1605 for Short Term Target of 2055 Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:SHAKTIPUMPLong
by Stocks-n-Trends
Compressing the Compressor - Elgi EquipmentElgi Equipment - This Railway Themed Compressor stock in long term is travelling within a Parallel Channel for 24 years since 2000. *Quarterly Timeframe:* Multiple attempts since past 2+ years to break the top of the Parallel Channel. Currently in April 2024, the BO has been confirmed for Targets of 800, 885 *Weekly Timeframe:* On weekly, we see a clean and strong Bullish Continuation Candlestick Pattern - the famous 2 Black Crows. The pattern has formed right above the Long Term Parallel Channel and stayed above for more than 4 weeks now. The next resistance is at 705. Once broken decisively - 800, 885 would be in sight Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:ELGIEQUIPLong
by Stocks-n-Trends
The Electronic Cousins - MIC Vs MI"R"C ElectronicsMIRC Electronics Limited is an India-based company, which is engaged in the business of manufacturing and marketing of consumer electronics goods primarily under the brand, Onida. The Company operates through consumer durable products segment MIC Electronics Limited . is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988. While both companies operate in the Consumer Durable Product Segment - Its surprising to see that both companies Technically are going thru a Very Similar Pattern Multi-Year Falling Parallel Channel Cup and Handle Pattern near the Parallel Channel Breakout zone Both are showing Multi-bagger setup In the Short-Medium Term, below are the Targets for both Companies MIC Electronics : C&H BO done and now on verge of Resistance BO at 50.5. If sustained above 51 WCB then Targets are 65, 83, 110. Compared to CMP - 50 Target is 2x Away MIRC Electronics : C&H BO Done and now on verge of Resistance BO at 29. If sustained above 30 WCB then Targets are 50, 90. Compared to CMP - 29 Target is 3x Away Disclaimer: Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:MICELLong
by Stocks-n-Trends
2
MIC Electronics: 3 days of Lip-Lock in 10% UCMIC Electronics Limited is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment. The boost in Green Energy, LED lights and Telecom has lifted the sentiments on MIC Electronics. Also, it recently started venturing into Co-Developing 42v/3A Electric Vehicle Battery Chargers for e-Bikes. All this resulting in a blasting rally in Mic Electronics On the Technical Front: MICEL was travelling within a Falling Parallel Channel since 2008 and finally BO of the 15 year Channel and then formed a Beautiful Cup and Handle Pattern on Monthly After Breaking out of C&H, it has not formed a Fresh Rounding Bottom Pattern - BO also done above 50.4 (CMP 51.5) Like the Infamous Hero Kamal-Hassan, MIC Electronics is also Lip-Locked in 10% UC for past 3 sessions :) :) :) Targets 65, 83, 108 Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:MICELLong
by Stocks-n-Trends
The Wizard with a Magic Wand !!! - Ward Wizard MobilityWardwizard Innovations & Mobility Limited is a publicly-held electric vehicle manufacturing company based in India. It is engaged in manufacturing eco-friendly electric scooters and vehicles. It operates in the electric vehicle manufacturing sector in multiple countries, including India, Uganda, and Nepal IPO began in 2015 with the initial price around Rs. 2 - Given the focus on Electric Vehicles the price skyrocketed to over Rs. 100 / share within 7 years - literally 50x. Later it started a Flag pattern consolidation on weekly and price fell around 30-35 levels before taking a Bullish Reversal India is leading in the Renewable Energy space and even till date the # of 2 wheelers in India is multiple times higher than 4 wheelers. EV Boost has even aggravated the Electric 2wheeler space. Though this stock does not have much history on charts - this is a Multi-bagger stock which is set to Write its own History Technicals: The initial call was given around 40 Levels and today it trades 82+ - a staggering 105% in a matter of 6 months. Currently the price has completed a Rounding Bottom BO above 78 and today's 13% increase accompanied by significant volume accumulation for the past 15-20 weeks is a strong confirmation of BO. Target: 95, 120, 140++ Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
BSE:WARDINMOBILong
by Stocks-n-Trends
Kiss of the Tiger :)Tigerlogistics - A Small Cap company (having a market cap of Rs 833.27 Crore) operating in Logistics sector. The initial call on Tiger Logistics was given around 440. Today it surpassed 866 levels in Intraday resulting in a gain of nearly 97% Technicals: 1) On Monthly - The Rally on Tiger started with a Cup and Handle BO above 290 levels. Further to this, it rallied up and took a 0.382 Fib retracement to form a Fresh Rounding Bottom Pattern 2) BO of new RB was done above 480 and targets were set for 625, 700 3) On Weekly - it again formed a smaller rounding bottom pattern with BO above 600 by which time the Targets were extended to 866 4) There is also a Parallel Channel seen on Weekly with the Price coming closer to upper Trendline resistance Today the Tiger "Kissed the Target of 866" during Intraday but fell down slightly towards day close. We expect a slight retracement from Upper Trendline before the Tiger starts Pouncing to next higher level - 1200+ based on Fib Extension Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
BSE:TIGERLOGSLong
by Stocks-n-Trends
A Confluence of Cup & Fib - Adani Ports :)For any script - When a News, Fundamentals and Technicals meet - then there its bound to The recent positive ruling from the Supreme Court on the side of Adani Group against Hindenburg Report has definitely boosted Investor morale on all counters of Adani From a Fundamentals perspective Adani Ports is a Rock Solid script as it has global presence in Physical Real Estate of each port and is continually trying to scale up across the world. From Technical point of view on Monthly Chart: 1) Price Broke out of Long Term Parallel Channel (since IPO) 2) Rounding Bottom / CUP pattern BO also done on Monthly 3) The Cup pattern bottom retracement was at Fib 0.786 level and hence the Cup Target 1390 is exactly meeting Fibonacci Extension Target of 1.272 Confluence of Cup & Fib - is a double confirmation of structure and now that Channel is also broken out positively, the additional Fib extn targets will also be met Targets 1390, 1665, 2450 Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:ADANIPORTSLong
by Stocks-n-Trends
4
The Reliable "Reliance Twins" - MultibaggersYou can see the Monthly charts of "Reliance Power" compared against "Reliance Infra". I am not calling them "Twins" just because its from same "Reliance Group" But I was flabbergasted to see the Exact Chart Structure - from Similar Timelines. Channel Breakdown - Recovery - Trading inside the Channel and now finally Breakout of Multiyear channel. Amazing Duo - Xerox copy of each other and both forming Multi-bagger Bullish Structures now... Reliance Power Targets - 37, 45 Reliance Infra Targets - 300, 360, 450 Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:RELINFRALong
by Stocks-n-Trends
1
The Least Expected Multi-Bagger - RPowerMulti-baggers are identified in several ways - based on the Sector they operate, based on Management Conviction, Based on the product portfolio, Global Demand etc... But identifying a Multi-bagger from "Scrap" is extremely difficult, because by that time people would have made solid impressions that its a "Loser", "Worst Performer" etc... In the business of stock market - we can't afford to have Pre-judgements about particular stock, sector. The only thing that defines growth & future is "Support and Resistance" Levels. When a stock sky-rockets in short time, we call it best performer - without realizing the fact that it is NOT forming any Support levels behind it. (Example: IRCTC, IEX etc...) - Everyone wants a share of the company in FOMO. But when it falls - there is no support to catch it - everyone starts shouting, yelling, cursing the stock as "Worst Performer". Forget Emotions - Trade with understanding how a stock has to Grow & Fall. You will be able to Mine the Multi-bagger One such Script is RPower (Reliance Power). 2 Major Decisive Breakouts on Monthly 1) Multi-Year Falling Parallel Channel BO above 25 2) Cup and Handle BO above same 25 level Just look at the Volume Builtup on Monthly to confirm the structure It has reached the 1st target of 29 (provided as part of previous patterns on September). Now the next Targets are 37, 45 Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:RPOWERLong
by Stocks-n-Trends
Compressing the Compressor - Elgi EquipmentElqi Equipment is a leading manufacturer of Compressor mainly for the Railways. Given the Focus & Investment on railway sector by govt of India - many railway themed stocks are flying. Elqi Equipment on Monthly is getting compressed in an Bullish Ascending Triangle formation. Its a Double Resistance - 1) Long Term Parallel Channel BO pending 2) Ascending Triangle BO pending BO for both same - above 580 WCB will take to a target of atleast 300 points to 885. Enjoy the ride Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:ELGIEQUIPLong
by Stocks-n-Trends
Titagarh Rail will take me to my "Ghar"With the massive investments infused by Govt of India on Railway Sector to the tune of 1lakh Crore - most of the Railway Themed stocks are flying like Bullet Train. Titagarh Rail Systems an Amazing Upward Parallel Channel on Monthly On Daily - Beautiful Box pattern BO followed by Ascending Triangle Formation Triangle BO pending above 1075 WCB for target of 1225. Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:TITAGARHLong
by Stocks-n-Trends
The Sun Shines Bright - Surya Roshini - 20% UCSurya Roshini - one of the largest Steel Pipes and Lighting companies in India shined bright on Friday (Dec 29) when it got locked in 20% UC This 20% was backed with 2 important milestones: 1) Cup & Handle BO supported with Volume @ Monthly TF 2) Multi-Year Parallel Channel BO as well 3) Target for C&H BO is 965 Break-out Traders - What to watch for, Can we Trade this at CMP ? What will happen on Tuesday ? Read our analysis below: 1) Typically stocks which BO tend to Retest the BO zone - To find this out we need to do Multi-timeframe analysis 2) On Weekly Charts - we also notice a smaller Parallel Channel with an embedded Box pattern BO 3) Despite the 20% UC - the stock ended right on the resistance of Parallel Channel Trendline - and infact it was rejected just at market close couple of points below 20% Given this, Tuesday opening is important - It has to open above the smaller Parallel Channel and ensure that it sustains above this channel the whole day. A rejection within the channel would lead to sideways consolidation between 577 to 777 before taking a BO to reach the Target Avoid FOMO - ensure we invest our money at right time so our returns are not delayed. Risky players - may take entry at CMP for 50% and keep remaining funds to average "if" there is a retracement. Safe players - wait for Retracement and let it take support before taking positions
NSE:SURYAROSNI
by Stocks-n-Trends
Gold's Resistance: Parallel Channel & A-assisted Zones, VectorsWelcome Esteemed Investors, I n the ever-evolving landscape of the financial markets, understanding the dynamics of precious metals like Gold (XAU) is crucial for informed decision-making. Today, I bring you insights into the XAUUSD market, aiming to contribute to your comprehensive research endeavors. T he recent movements in the Gold market have been intriguing, and a closer look reveals compelling signals for investors. After a decisive bounce from the support zone, hovering around $1820, Gold (XAU) has demonstrated bullish indications. Notably, a confirmed breakout from the falling channel, depicted by the blue parallel channel in the chart, stands out as a significant development. F alling channels are "widely" recognized as bullish chart patterns. They have a tendency to break upwards. What makes this insight even more compelling is the application of cutting-edge technology in detecting potential support zones. Leveraging a Support Vector Machine (SVM) algorithm integrated into a deep neural networking AI, the support zone was identified well in advance, dating back to 09 March. For human observers, this translates into a visually apparent double bottom pattern on the chart. P ost-bounce from the predicted support zone and a classic breakout from the falling channel, Gold swiftly ascended to the resistance zone around $1980. However, historical selling pressure from supply, marked by the purple zone on the chart, has posed a formidable challenge. Since 04 May, XAU has been trading below this zone, reminiscent of the period from 04 May to 04 October. Y et, the potential for a bullish scenario persists. A strong demand wave could propel Gold to break out from the current supply zone after a modest pullback within the projected purple area. It's essential to acknowledge the historical ebb and flow of demand and supply in this market; a failure to breach the resistance zone might lead Gold back to the blue support zone. A nticipating market dynamics, it is crucial to consider external factors. Market news, with its inherent capacity to influence asset prices, might act as a catalyst for a reversal from the support zone. In the event of a downturn triggered by bearish news, the subsequent support zone is estimated to be around $1625. I n summary, the prevailing signals for Gold appear bullish, suggesting a potential breakthrough of the resistance zone. However, the ever-present influence of market news introduces an element of uncertainty. Should bearish news materialize in the coming weeks, the $1820 support zone could offer another opportunity for bullish positions. It is imperative to note that the insights shared here do not constitute financial advice. I am not an investment advisor. The decision to engage in financial markets should be made with careful consideration of individual risk tolerance and thorough research. While the probabilities favor long positions at present, it is essential to remain vigilant and adaptable in response to changing market conditions. Wishing you success and prosperity in your investment journey. Warm regards, Ely
FOREXCOM:XAUUSDLong
by Elysian_Mind
4
Managing Positions with Parallel ChannelVideo tutorial: • How to identify downtrend and uptrend line • How to draw parallel channel correctly • Confirming a change in trend (using trendline itself) • Managing positions with parallel lines - Profits - Risks - Knowing its volatility Micro Natural Gas Futures & Its Minimum Fluctuation 0.001 per MMBtu = $1.00 Code: MNG Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
NYMEX:NG1!Education
by konhow