Descending Parallel Channel

2021年6月10日

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.

2021年6月14日

交易开始

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.

2021年6月15日

注释

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%)

2021年6月16日

注释

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

Looking forward to a break and close above 857 tomorrow.

2021年6月20日

注释

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

2021年7月1日

交易结束：到达目标

Neat break. Taking a swing high as resistance.