Top Tweets for #ParallelChannel
Make or Break for NIFTY50, I'm sure everybody would like the first one. 27th March deciding date. Bullish on India, Bullish on Nifty. #NSE #BSE #STOCKMARKETINDIA #NIFTY50 #PARALLELCHANNEL #CNX50 #LASTBULLRUN
How to draw a TRUE parallel channel in a corrective wave 📉
Draw it anytime. After breakout, price often retests old resistance. A channel = two parallel lines along highs & lows.
#Forex #Trading #TechnicalAnalysis #ParallelChannel
there is always parallel channels present on chart.
Learn to #trade #Nifty using just #PriceAction rules of #parallelchannel
Price action rules for Trend channel
1) After trendline break, usually new extreme formed
2) After new extreme is formed, either correction or reversal
3) If original trend is too strong - after correction, old trend may continue.
Overshoots usually lead to move towards opposite side. But, sometimes new trend channel may form.
Nothing is 100% prerfect in market. All rules are based on probability.
So, go for High probability Setup(HPS) at Key Entry Points (KEP).
KEP are
1) Trendline
2) 21 Ema
3) Support/Resistance
Market moves on two legs. It's like human.
HPS are
1) 2nd entries at KEP with the trend
2) failed 2nd entries against the trend
3) failed breakouts
4) higher lows and lower highs confirmation setups
DON'T COUNTER TREND TRADE
- most reversal attempt fail and trend will resume
- when trend is strong, follow the bias even if trendline is not in play
When in range, most breakouts fail!
DISCLAIMER - This analysis is only for learning price action
MARICO Under Pressure — Sharp Fall on the Charts!
#Marico #ChannelBreakdown #ChartAnalysis #BearishMove #TechnicalAnalysis 📌 #SupportZone #PriceAction #DowntrendAlert #ParallelChannel #MarketUpdate #SellingPressure #TrendAnalysis #StockMarketIndia
Kalyan Jewellers : Possible Head & Shoulders Pattern ?
#KalyanJewellers #ChartAnalysis #TechnicalAnalysis #HeadAndShoulders #PriceAction #ParallelChannel #SupportZone #BreakoutWatch #BullishSetup #StockMarketIndia #MarketUpdate #SwingTrading #TrendTrader #TradingCommunity
If you #learn to #Trade #Nifty using just #parallelchannel and 21 EMA, you will find #trading to be a highly profitable .
You also need to know where to enter and where to exit. So, learn to use second entries as high probability entry.
Find Key Support & Resistance in 3 Steps (Game-Changer Tool)
https://t.co/kcYWYRMmoi
#TradingViewTips #ParallelChannel #SupportAndResistance #DayTrading #SwingTrading #TechnicalAnalysis #TradingStrategy #ChartPatterns #PriceAction #TradingConfidence #stocks #stockmarket #trump #tariff #china #trends #bearish #bullish #GME #gamestop #NVDA #APLD #bbai #supportresistancebreakout #support #resistance
How to draw a parallel channel?
Simple 👇
To find support zone:
➤ Use 2 resistance points + 1 support point → to project SUPPORT ZONE
To find resistance zone:
➤ Use 2 support points + 1 resistance point → to project RESISTANCE ZONE
#PriceAction #ChartTips #parallelchannel
But, i after trying various startegies combing different #technical #indiacators, i have realized that i cannot be profitable. I have learnt #priceaction setup which works using #parallelchannel and #21EMA as the only supportive indicator. It works on certain rules.
Follow me to learn simple rules of #Priceaction using #parallelchannel and #21EMA . No other indicators needed.
I am not sharing any tips or trade ideas here. I share charts to show how price moves and you can learn to read charts bar by bar.
📊 LTF (L&T Finance) – Approaching Key Resistance! (30-06-2025)
📍 The stock is trending beautifully within a parallel ascending channel
📲 Follow @tradersfamily_9 for more technical updates, breakout alerts, and smart setups daily!
#LTF #LTFinance #ParallelChannel
Nifty Outlook: (Parallel Channel, Pennant, Mother Father and Small Child Theory and other Technicals Explained using Hourly Nifty Chart).
#nifty
#nifty50
#parallelchannel
#pennant
#motherfatherandsmallchildtheory
We have tried to draw a parallel channel on Nifty hourly chart. The chart indicates that we are just below the mid channel line. The mid channel line will act as a resistance if the price is below the same and will act as a support if the price is above it. Right now it is acting as a resistance. Top of the channel always acts as a resistance and bottom of the channel always acts as a support. Additionally there are historic resistances and supports which indicate the other levels which may act as support or resistance. There are also Mother and Father lines (50 and 200 EMA)(EMA = Exponential Moving Average).
To understand in detail how parallel channel works or how supports and resistance are derived or what is Mother, Father and Small Child theory. I would recommend you my book The Happy Candles Way to Wealth creation. By reading this book you can understand all these concepts with ease. You can additionally understand what is fundamental and technical analysis and how to do it. You will also get to understand the dos and the don'ts of investment in equity by reading various chapters on Behavioural Finance. Overall it is a value for money book available on Amazon in Paperback and Kindle version. The book is also available on Google play book and other E-book stores. You can also contact us for getting the copy of it. The Happy Candles way is one of the highest rated books in the category and you can go through the reviews of the book on Amazon before purchasing it.
Based on Parallel Channel, Supports and Resistances, Mother Father and Small child theory resistances and supports of Nifty remain at.
Nifty Resistances Remain at: 24815, 24909, 24977, 25045 and 25116. The channel top resistance for the current parallel channel is around 25372.
Nifty Supports Remain at: 24780 (Mother Line Support), 24679 and 24537. The Channel Bottom support is currently around 24396. 24247 is the most important Father line support.
Shadow of the candles currently is neutral. Indicating Nifty can still go in any direction. A pennant like structure (Triangle is also formed). This indicates that Breakout or Breakdown of this triangle or pennant can take Nifty a long way on either side. Nifty is currently squeezing in the pennant with limited space. Usually when the space is limited a Breakout can happen in either direction.
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 or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
A clean breakout above the channel with strong volume confirmation could propel the price toward $0.15 in the near term.
However, failure to break the resistance may result in continued consolidation within the range.
#GUN #GUNUSDT #Altcoins #CryptoBreakout #ParallelChannel
#jindalphoto is trading at a #PBratio of 0.27 while maintaining a #PAT of 265cr and #salesgrowth of over 150%
It is currently taking support from #600DailyEMA and a #ParallelChannel
Expecting 3x from here in 1 year's time
#TATAMOTORS
#TECHNICALCHART
#PARALLELCHANNEL
Stock buy given based on :
1️⃣Falling parallel channel Trendline resistance breakout
2️⃣price at support reversal level
3️⃣Stochastic RSI monthly timeframe highly oversold condition
4️⃣price Value pick for investment
5️⃣ Low PE stock
We considered the support and important points in the SBI Life Insurance:
#PriceAction
#ParallelChannel
#EMA Support Zone
#VWAP Support
#Support Zone
#RSI Support
#NTPC
BUY - LONG
Target 1 - 427
Target 2 - 445
Target 3 - 455
Stop Loss - 395
⚠️Unpredictable Market, SL is MUST
#investing #swingtrade #FnO #optionbuying #OptionsTrading #technologies #stockmarketsindia #stocktobuy #TradingSignals #buysignal #trade #NSE #BSE #parallelchannel #technicalanalysis
#SolanaUSTD & #Bitcoin❗ goes hand in hand and #PriceWatch at the #ParallelChannel where the chances for #breakouts .
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