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Parallelchannels

Nifty Short Term Analysis. Nifty today has given a poor closing below 200 days EMA but the only saving grace can be that the closing is just above Mid-Channel support of 23500 and Important Fibonacci support of 23263. These Two supports are broken then more hell can break loose and we can get to see the next Fibonacci supports being tested. The next Fibonacci supports can be near 22509 or 21585. On the positive side if either of the support is held and then we can see a new rally in Nifty wit resistances at 24718 and 25347. It looks like Nifty will take some time to reach new highs as the the mode is bottom searching and consolidation as of now. Fresh rally and Bullish recovery can start only after we get a closing above these 2 levels. However, this can be a good time to go long by picking good blue chip stocks available at good valuations. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
#XRP/USDT 12h / Elliott-Fibonacci-Financial ChannelAccording to Elliott Wave theory, the price rose during the impulsive first wave and corrected in the second wave as an ABC zigzag to the 0.382 Fibonacci level. This aligns with Elliott's rules, suggesting that the correction of the fourth wave will likely be at 0.5 - 0.618. Based on the impulse of the first wave, the target for the third wave is 4.25, followed by a correction within the fourth wave. Using Fibonacci projections by shifting the grid from the start of the first wave impulse to the end of the second wave, the target for the third wave aligns with Fibonacci 1.618 (5.82). Without shifting the Fibonacci grid, the target for the third wave at Fibonacci 1.618 is 4.40. To confirm this scenario, the price must break above the peak of the descending financial channel. Successful trades!
Long
by WoWAcEDuDe
FET/USDT Long: Did you take it? See linked chartsIf you like these posts please remember to give me a boost and a FOLLOW! Any questions please ask away. FET/USDT Long signal. Did you take it? Bullish order flow was there. We have our targets, and stops are at entry. FET has been lagging compared to the rest of the market, especially in AI. Recent developments in their EARN & BURN mechanism look to be bringing excitement back and I believe there's plenty of catching up to do! Bullish Orderflow: EWT analysis & macro forecasting:
Long
by igreycrypto
1
EUR/GBP 4-Hour Bearish Continuation Trade PlanEUR/GBP on the 4-hour chart suggests a bearish continuation within a parallel channel. A Fibonacci retracement is drawn from the previous Lower High (LH) to the recent Lower Low (LL), highlighting potential resistance levels. An immediate sell order is placed at 0.8282, with a stop loss positioned above the last LH at 0.83418 to mitigate risk if the trend reverses. The parallel channel, showing consistent Lower Highs (LH) and Lower Lows (LL), reinforces the bearish trend. For profit-taking, the first target (TP1) is set at 0.8222, and the second target (TP2) at 0.8162, aligning with the Fibonacci support levels. This setup confirms a continuation pattern, suggesting further downside within the established channel.
Short
by Naqash16046
Gold can continues to grow inside upward channelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a few moments ago started to grow inside the upward channel, where it at once rose to the resistance line and then made a correction movement. Next, the price continued to grow and later reached the resistance line of the channel again, which coincided with the current buyer zone, after which rebounded to the support line of the channel. Then Gold rebounded from this line to the resistance line of the upward channel, thereby breaking the 2605 support level, and also later exited from the channel. Price little grew and then started to decline, and in a short time fell to the support level. After this, Gold started to grow inside another upward channel, where it bounced from the support line and rose to the 2730 level. Price long time traded between this level, trying to break it, and later finally broke the 2730 level. After this, Gold rose to almost the resistance line of the channel, but not long time ago turned around and fell to the support area. At the moment, I think that the price can correct to support the line of the channel and then continue to grow inside the channel. For this reason, I set my TP at 2825 points, which coincides with the resistance line of the upward channel. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
GOLD - Price can rise a little more and then start to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to grow inside the rising channel, where it at once fell below $2505 level, but soon rose back. Prie made a retest, after this and continued to grow to resistance line of channel, which coincided with resistance level. After this, Gold turned around and fell to support line, and soon exited from rising channel and declined a little more. Then, price turned around and continued to move up, and later it reached $2685 level, and recently broke it. At the moment, Gold continues tp move up, and I think that price can make grow a little more and then start to fall. Gold will fall to support level, break it, and then continue to decline to $2640 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
6
Bitcoin's Breakout from a Wedge Pattern: Heading Towards $66,000hello guys. let's dive into btc analysis after the previous analysis: Broken wedge pattern: The chart shows a clear breakout from a descending wedge, a bullish reversal signal, indicating a potential trend shift. Upward channel: After the breakout, Bitcoin has been moving within an ascending channel, which provides a strong bullish structure for price movement. Support and resistance levels: Immediate support can be found near $62,000, while the next target on the upside is projected around $66,000. Potential pullback: A minor retracement within the channel might occur, but overall momentum remains bullish as long as Bitcoin stays within the channel. Bullish momentum: With the strong volume and the breakout from the wedge, the next logical resistance area to test is around $66,000 or higher. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
7
Gold can break support level and continue to declineHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that some days ago price rebounded from the support line of the upward channel and rose to the 2550 support level, which soon broke it. After this, the price tried to grow and some time traded higher, after which it made a correction movement to the support line of the channel, which is located inside the support zone. Then price turned around and continued to rise to the current support level, which coincided with one more support zone, and when Gold reached this level, it at once broke it. Next, the price some time traded near this level inside the support area and a not long time ago rose to the resistance line of the upward channel. But soon, Gold rolled down and in a short time declined to support the area, so, I think that Gold can make a move up and then continue to decline next. Also, I expect that XAU will break the support level and fall to the support line of the channel, therefore I set my TP at 2615, which coincides with this line. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
HDFC - The Controversy UnleashedHere is the HDFC Chart published on July 22nd (inside my article) - "Nifty Analysis - The No-Nonsense "0" Indicator Strategy" Now - compare HDFC's price action on Sep 24th - Precisely following the defined Path in Blue and rising like a Phoenix from the bottom of 1600 levels and breaking the ATH created on Jul 2023 Now by next week - End of September, HDFC would have the a Final Dip to test 1757 levels and then blast beyond the ATH of 1795 lifting Nifty to New Heights and the Target of 26,430 In this entire analysis - we didn't use any Indicators and No "Ifs & Buts". The Top 10 heavy weight constituents of Nifty were decoded, the Nifty's Daily, Weekly, Monthly and Quarterly Charts were analyzed for both Candlestick Patterns and Chart Patterns with Targets. Once Targets were identified - and basis the status of each of the Top 10 heavy weights, the probable timeline required to reach the target was identified 1. From the Index's (Nifty) price action - the future of individual stocks were determined 2. From the Stock's price action - The Nifty's direction was determined Only when both matches - the prediction is accurate - just like how we do Division / Multiplication in Maths to re-confirm our arithmetic We don't depend on ANY NEWS or ANY Expert Opinion or ANY Technical Indicators to guide us. Because, these factors don't handle both Internal and External elements. Either they talk about a Sector but not a stock or they talk about the historical values of a Stock (example: RSI, MACD, EMA, DMA, Bollinger Bands uses historical values of stock). The Indicators become handicapped when it has to consider the outside elements and hence loses it accuracy and value. Learn to Stand on your Own 2 Legs... Ignore the Noise... Don't follow the Wise... Make your Own Spice...
NSE:HDFCBANKLong
by Stocks-n-Trends
GOLD - Price can fall from top part of flat to support areaHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to rising channel, where it at once fell to support line, breaking $2385 level. Soon, price rose higher than $2385 level, breaking it again, and then rose to resistance line of channel, and made a fake breakout. Next, price declined to $2385 level and later bounced up to $2475 level and soon broke it, exiting then from channel too. After this, Gold started to trades inside flat, where it some time traded between top and bottom parts. Now, price trades near top part of flat and I think it can rise a little more and then bounce down to $2465 support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
Dalmia Sugars - How to pick the Right Entry Price !!!On Aug 29, there was a Post market News being circulated across all Social Media Channels that the Govt has removed the Cap on sugar Diversion for Ethanol Production. As an instinctive reaction, everyone suggested to start loading Sugar Stocks and it would rally immediately www.moneycontrol.com But in Reality - only on Friday there was a mad rush on market opening which waded-off before close of the day and all Sugar stocks fell from their opening price and from then, most of the sugar stocks continued to fall. This is the Reality of NEWS Based Trading... If the market always reacts in the same direction as mentioned in the NEWS, then the entire world would be filled by Warren Buffets :) One of my friend was seeking advice on Dalmia Sugars - given the mad rush. Here is the detailed analysis..... Not just for Sugar Sector, Not just for Dalmia... This is how every stock needs to be analyzed... 1. On Quarterly chart - the price is travelling within a Life-Long Parallel Channel 2. The price repeatedly formed Rounding Bottom structures (Cup pattern) 3. The Depth of the Cup each time has been -80% from the respective peak levels 4. From Jan 2020 to Apr 2021 - the price had a massive Blast of 1,155% from Rs. 39.75 to Rs. Rs. 499 5. The price is going sideways with minimal dip (an Inverted Head and Shoulders pattern / small Rounding Bottom) from Apr 2021 till date - During this period - the price attempted several times to Break out of the Previous High 500 but though it had 2 instances of breakout, it could not sustain above 500 6. The Current Market is News driven, purely to the Panic sensation of over valuation. Although I don't agree that Market really works on Valuation, the Crooked Media Analysts are constantly feeding Panic to public that Market is due for a Crash / Correction Although I am strong on my view that there will be NO MAJOR CORRECTION atleast until Apr 2028, I don't discount the fact that there will be intermediately Blips - strong blips of 1-2% down or even 3-4% down in a day which will recover soon But NOT all stocks will recover from these Blips. Especially the ones like Dalmia Sugars Because of the following reasons 1. 500 Level has been super strong 2. Stock has already given massive returns and in consolidation mode 3. In the previous 2 instances - the stock always fell down to the previous Rounding Bottom BO zone and also tested the Bottom of the Parallel Channel 4. If the last week's news could not break out of the 499 Resistance, then it won't be easy now. Even if it breaks above 500, there are 2 more resistances 545 and 570 Unless and Until 570 is fully broken out and sustained for 1 full week, the price WILL fall back below 500 anytime soon. All it needs a single day of market volatility - due to some NEWS even if it is NOT related to Sugar sector. If the Small Cap / Mid Cap index falls on a day, then 500 Support would be broken down and then the price would fall all the way down to the previous support level of 202 which is -56% lower than current level When it reaches 202 - it would touch the bottom of the Parallel Channel and bounce back and continue the previous patterns For now, the Risk of Falling based on NEWS is much higher given there are 3 back to back resistances the price has to negotiate (500, 545, 570) in near term Even if the Sector starts a rally, Dalmia sugar might see a drag unless 570 is taken out. So, even if there is a Sugar Rush - better NOT to Rush on Dalmia Sugars. There are other sugar stocks to look into 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. We neither follow Fundamentals nor Traditional Technical Analysis which bases its opinion on several Indicators. We follow an Affective Neuroscientific Approach for Market Analysis - the branch of Science that deals with Human Emotions and Reactions based on emotions. Instead of controlling our Psychology, if we understand and be prepared to handle the larger market player's Emotional reactions - we improve our success rate Please 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:DALMIASUGShort
by Stocks-n-Trends
$PLTR | Allocation | Buy Limit | Technical Confluences: Price is in Overbought conditions in the Weekly Timeframe (Will take time to play out) Price action bounced off 3 Resistances; Horizontal Trendline, top range of a Parallel Channel and the top of a Supply Zone Fundamental Confluences: PLTR's specialized software platorms that are complex yet scalable in it'sdata handling capabilities gives them their edge Competitors have yet to catch up to NYSE:PLTR 's advancement but competition is starting to build against them from other big tech firms The growth potential in data analytics is massive and it has not include massive global expansion A large portion of their revenue depends on government contracts which is stable but is susceptible to any changes in government and their policies (something to watch for) ----- This counter is a one that I had enter prior to this as shown. The story for NYSE:PLTR in the data analytics field is something that must be held in a long-term portfolio. At the moment, I don't see NYSE:PLTR breaking up above the 3 resistances and am expecting a reversal which I will place Buy Limit orders (as shown) to allocate more into this stock. -----
PLong
by weekendanalyst
$PYPL | Allocated & Watchlist | Buy Limit & Buy Stop |Technical Confluences: - Stochastics are in Overbought conditions in the Daily Timeframe - Price is close to the top of the Parallel Channel and is currently in the Interest Zone - Price action bounced off the Mid of the Parallel Channel which strengthens a bullish trend - Fundamental Confluences: - Paypal is considered a market leader in digital payments space due to its extensive network, brand recognition and services - Revenue has been constantly increasing every quarter but lacking in revenue growth - Better EPS, good FCF and reduced operating expenses are good storylines - However, digital payment systems are facing alot of competition these days and Paypal being one of the initial pioneers will definitely need to step up and conquer back this space ----- I have previously allocated into Paypal previously at 58.80 (when it was bouncing off the 78% Fibo retracement line. I am still watching to continue to build up my NASDAQ:PYPL allocation. I will be looking to add more in the higher Buy Limit zone if the price breaks the Parallel Channel and goes above the Interest Zone. I will also look into buying again close to the 61% and 78% Fibo line; assuming price cannot break the parallel channel this round and retrace backs down. Will continue monitoring it. -----
NASDAQ:PYPLLong
by weekendanalyst
EURO - Price can fall from support line of wedge to $1.1000Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to rising channel, where it at once broke $1.0735 level and some time traded in support zone. Later EUR reached support line of channel and then bounced up to resistance line of channel, breaking $1.0735 level. Also, price made a gap, after this, Euro exited from channel and entered to wedge, where it fell to support line at once. After this, price made upward impulse from support line of wedge, higher than $1.0945 level, breaking it. Price some time traded between this level and a not long time ago bounced up to resistance line of wedge. Now, I think that Euro can rise to resistance line and then bounce down to $1.1000, exiting from wedge pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon