In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
Script =...
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although...
if it is breaking the zone you can initiate a long trade in intraday. put your stoploss on logical place and enter in good candle .
follow your risk management.
Aurobindo Pharma previously took support from support zone and 200 EMA (blue line).
FII increased their stake during the 2nd quarter as well.
Accumulate with a SL of 318 WCLBS.
Final target new ATH
NSE:AUROPHARMA
Strong Breakout Candle formed with Volume.
Multiple Breakouts from
a) Falling Trendline Pattern of many months
&
b) Symmetrical Triangle Pattern
CMP moving above 20 & 50 Day EMA and RSI moving in Bullish Zone
Target : 554 - 600
SL : 510
R: R - 1 : 2
Time Frame : 1 to 4 weeks
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor...
Short on Daily Time Frame on 11.10.2022
Reverse flag on 1 hourly Time frame
Reverse Flag Details
Pole Start (06.10.2022; 10.15AM)
Pole End (12.10.2022;10.15AM)
Pole target matches with 1:1 Risk reward strategy on daily time frame on 11.10.2022
After trend line analysis and Bollinger band strategy the Risk Reward COMES TO 1 : 4.5
Target- 498
SL- 528
Note:...
As I posted the chart of Auro pharma a few days ago. it has given a breakdown of that levels.
do check and act accordingly
if it breaks today's low it might give a good move in a downward direction
AUROPHARMA looks good on Chart, currently at value support area, may rise in coming days, must keep in watch list for days to come.
Boost this post for others to add this stock in watchlist. Lets rise together. 😍
AUROPHARMA forming Head and shoulder on daily basis chart. if the market moves downward it is good candidate to short.
the neck line is good support.
wait for stock to trade below 503 once it sustain below that level we can look for short.
A chance for value investing in aurbindo pharma ...as it seems to be undervalued
also we can see a upward price action movement
currently it is in consolidation phase ...breakout will be soon
NSE:AUROPHARMA
