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Bullflagpattern

LTIMINDTREE Forms Bull Flag: Signs of a Potential Upside Move?The chart of LTIMINDTREE LTD shows a Bull Flag formation, a bullish continuation pattern that typically appears after a strong upward move. The flagpole is represented by the sharp price rally, from 3,800, followed by a downward-sloping consolidation channel forming the flag. This pattern suggests a potential breakout to the upside, supported by the Fibonacci extension levels projecting targets up to the .618 fib ext. level at ₹6,022. The RSI is near 56.89, indicating moderate strength, while the MACD shows a possible bullish crossover, further reinforcing the bullish outlook. The key support level is around ₹5,000, and a breakout above the flag could signal a resumption of the uptrend. Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered as financial or investment advice.
NSE:LTIMLong
by RahulPritwani
1
Shaily Eng Plastics Makes a Power MoveNSE:SHAILY Makes a Power Move on Hourly Charts after Q4 Results. Price Action Analysis: The stock is currently trading at ₹1,811.20. After consolidating near the ₹1,650-1,680 support zone for several days, SHAILY has broken out strongly to the upside, reclaiming previous highs near ₹1,820. The price action shows a series of higher lows since the early May bottom, indicating increasing bullish momentum. Volume Analysis: Volume has been healthy at 46.63K shares, significantly above the 30.96K average volume. This confirms genuine buying interest supporting the recent breakout. The volume spikes align with key price movements, particularly during the recent bullish moves, which validates the strength of the current uptrend. Support & Resistance Levels: - Key Resistance: ₹1,835-1,850 zone (previous high) - Immediate Breakout Level: ₹1,820 (now acting as support) - Major Support: ₹1,650-1,680 zone (multiple tests with green arrows) - Base Formation: A solid base was formed between ₹1,650-1,680 after the pullback from April highs Technical Patterns: 1. Rectangle Pattern: The stock formed a rectangular consolidation pattern between mid-April and mid-May (₹1,650-1,680 range) 2. Triple Bottom: Three distinct touches at the ₹1,650-1,680 support zone (marked with green arrows) 3. Bull Flag: The recent consolidation after the strong upward move from early May represents a bull flag pattern that has now resolved to the upside Trade Setup: - Entry Point: ₹1,815-1,820 on a pullback to the breakout level - Stop Loss: ₹1,765 (below the recent swing low) - First Target: ₹1,850 (previous resistance) - Second Target: ₹1,920 (measured move from the rectangle pattern) - Final Target: ₹2,000 (psychological level and potential measured move target) Risk Management: - Position sizing: Limit exposure to 2-3% of trading capital - Risk-Reward Ratio: Approximately 1:1.5 based on the stop loss and the second target - Trailing stop: Move stop loss to breakeven after the price reaches the first target NSE:SHAILY showed exceptional technical strength with the recent breakout above resistance after forming a solid base. The increased volume confirms buyer interest, and the prior triple bottom pattern adds confidence to the bullish outlook. Traders should watch for the continuation of the breakout with the mentioned targets, while protecting capital with the defined stop loss. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:SHAILYLong
by Karanshah137
9
TEJASNET - Bull Flag - Monthly Breakout with volumeThe analysis is done on monthly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:TEJASNETLong
by TradewithAditya
M_M - Bull Flag Breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:M&MLong
by TradewithAditya
TATA MOTORS DVR - Long term Bullish1. Bull Flag Pattern formed... 2. Long-term Bullish trend 3. When it breaches the resistance will go upward direction... waiting for the market correction. Note: 1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
TLong
by ravi15684
LTI - Bull Flag Breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
LLong
by TradewithAditya
SRF - Cup & Handle + Bull Flag BreakoutThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:SRFLong
by TradewithAditya
2
PI INDUSTRIES - Bull Flag + Descending Channel Breakout - Swing The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:PIINDLong
by TradewithAditya
TATASTEEL - Triangle Pattern + Bull Flag Breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:TATASTEELLong
by TradewithAditya
BLUESTAR - Swing Trade - ATH breakoutThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:BLUESTARCOLong
by TradewithAditya
LINDEINDIA - Bull Flag Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:LINDEINDIALong
by TradewithAditya
POWERGRID - Triangle + Bull Flag pattern breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:POWERGRIDLong
by TradewithAditya
RADICO - Bull Flag breakout after consolidation - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:RADICOLong
by TradewithAditya
1
Trading Patterns 101 - The Bullish flag patternWhat Is a Bullish Flag? Bullish flag formations are found in stocks with strong uptrends and are considered good continuation patterns. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle but is also often angled down away from the prevailing trend. Volume usually increases in the pole and then declines in the consolidation. The pattern consists of two important moves: 1. Impulsive move - In the first stage, buyers aggressively step into the market, driving prices higher. This rise in price then attracts other buyers, creating a buying frenzy. 2. Corrective move/Consolidation - After a while, the price settles down. This happens because fewer and fewer buyers are willing to buy at this point because the move seems overextended. The buyers who entered at the bottom start taking profits. When all of this happens, the stock will go into consolidation. At the bottom of the consolidation range, new buyers keep entering since they don’t want to miss the move. How to identify a Bullish flag? The bull flag pattern has 5 main characteristics: • The preceding trend – Uptrend • The consolidation channel – Either sloping downward or rectangular • Volume – The volume must be high during the formation of the pole, low during consolidation, and again, high during the breakout. • Breakout of the consolidation range • A confirmation where price moves in the same direction as the breakout Target objective: The target for a bull flag is derived by measuring the length of the flag pole and projecting it from the breakout point. The psychology behind a Bull flag: 1. The bulls start their buying frenzy and charge ahead with a strong breakout, causing the bears to either panic and cover their ‘shorts’ or add to their ‘short’ positions. 2. Once the stock is in the consolidation stage, the bears (short-sellers) regain some confidence and they add to their ‘short’ positions with the expectation of a price drop. This causes them to get trapped again when the price breaks to the upside, causing the shorts to cover their positions and ultimately driving the prices even higher 3. Since some short-sellers from the initial flagpole run-up may still be trapped, the second breakout forming through the flag can be even more extreme in terms of the angle and severity of price move. How reliable is a bull flag pattern? Flag patterns are considered to be among the most reliable continuation patterns that traders use because they generate a setup for entering an existing trend that is ready to continue. Flag formations are all quite similar when they appear and tend to also show up in similar situations in an existing trend. I guess that's almost everything you need to know about a bull flag! If anyone is interested in getting a PDF version of this thread, then you can message me, I'll provide it. Happy learning. Cheers!
NSE:WIPROEducation
by johntradingwick
19