Descending Parallel Channel

2021년 6월 10일

CUMMINSIND

Notes :

• Descending Parallel channel started around 17th March
  
• To be on the safe side, I would confirm breakout only if the most recent swing high is crossed (at 858). However, for intraday, the immediate target after breaking the channel can be kept at the same level.
  
  

Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

2021년 6월 14일

액티브 트레이드

Still hugging the top trendline..
Even though the candle on 14th June had a low of 811, it closed much higher keeping breakout still in the cards.

2021년 6월 15일

노트

Looks like a breakout..
Waiting for a candle to close above the previous swing high at 857.
Aggressive traders can use that as the first target intraday (1%)

2021년 6월 16일

노트

Almost confirmed breakout.. Testing the daily R1 and our previous swing high levels.

Looking forward to a break and close above 857 tomorrow.

2021년 6월 20일

노트

Keeping the top trendline of the descending channel as a support.

2021년 7월 1일

거래청산: 타겟 닿음

Neat break. Taking a swing high as resistance.