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3 October 2018

TREND CHANNELS

Hi Friends,

Posting below how the Trend Channels work in Long Term.

Bajaj Finance

The Stock is in Long Term Uptrend. It's moving in Trend Channel and has Support near 2100.
If it holds the Support of trend channel it's likely to Resume the Long Term Up Trend.

Edelweiss

The Stock has Fibonacci and Trend Channel Support Between 160-170. If the Support holds it's likely to resume Uptrend.

HDFC

The stock has Weekly EMA and Trend Channel Support near 1700. If it holds the Support Long term Uptrend may resume and HDFC may head towards New ATH.

Maruti

The Stock is in Long term Uptrend. It has Support between 6900-7100. If it manages to Hold the Support. Long term Uptrend may resume for New ATH above 10000.


Thanks & Regrads,

Harsh Dixit.