Bullflagpattern
THANGAMAYL - 10 Months Consolidation Breakout / All Time HighThangamayil Jewellery Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (July, 2023). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (2050 - 24.50% from the price 1646.10) .
4) Recommendation - Strong Buy.
INOXGREEN - 6 Months Consolidation Breakout / All Time HighInox Green Energy Services Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (January, 2024). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (210 - 22.90% from the price 170.82).
4) Recommendation - Strong Buy.
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.
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.
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...
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.
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.
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.
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.
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.
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.
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.
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.
SBICard up for a breakoutSBICard has been actively taking support at 200 EMA and bouncing back and hitting 1140-1160 levels, but this time it seems it isn't headed towards 200-EMA and rather it is forming a Bull Flag , one can go long once breakout done and expect an Immediate Target of 1300.
Short Term Target: 1500
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!
SBIN Consolidating for a likely strong upmove24-May-21
NSE:SBIN
SBIN has made a new ATH and is consolidating for a likely strong upmove.
Coming few weeks it may consolidate between 371 to 416 range.
If in coming 4-6 weeks manages to sustain above 371 - 415 range, then most likely targets are 458, 523, 580
Fair possibility of 650 exists if the trend remains intact.
Pro's
Currently seems to be leading the banking pack.
looks like a good candidate for a strong move ahead.
Cons:
Below 320-294 range, the upmove may take longer and not sustain.
Large Cap, may likely take more time for its moves.
Move has possibility of getting disrupted due to RBI / Govt policies