Bajaj Finance on flag n pole break out.Bajaj fin. is trading in Flag n pole pattern. Break out done near 8000 level.
As per chart target for this patten would be 10500 and 11850 soon.
It is at demand zone can add more on any correction.
Bullish Flag
VadilalVadilal Industries looks good on the bullish flag.
Short term breakout inside the channel.
Target will be 5000 in next 3 months.
Good to accumulate for the next 3-6 months.
will flag wave high???Ashapura minechem successfully gave breakout of flag and pole pattern and has retested and bounced back from the breakout level. Buyers in the stock seems interested and is technically expected to reach price lvl of 781 with the risk reward ratio of 1:5.
PRECISION CAMSHAF NSE By KRS ChartsDate : 23rd May 2024
Time : 1:08 pm
Fundamentally Profitable Company Precision Camshaf is showing bullish trait.
--> In Weekly TF Cup & Handle Chart Pattern is visible with Bullish Continues Divg. with recent Low price point.
---> Breakout of C&H was held in July after that price action creating Flag & Pole Pattern from that time period, and currently took support from 100EMA and Neckline of C&H pattern.
Very First Upside Target is 333 Rs which is height of flag , Further Targets will be after price reach T1.
Thank You!
Have A Good Day!
SYNGENE INTERNATIONAL A STOCK IN MOMENTUM Syngene International Ltd. is an interesting chart in momentum with following
1. RSI on all time frames (DWM) above 60
2. Narrowing Bollinger Bands on daily chart with price walking on upper band
3. Huge Anchor candle formed on weekly chart with high volume
4. Major price supports
20 SMA (daily) 883
50 EMA (daily) 875
20 SMA (Weekly) 864
Super Trend (daily) 864
with cluster of supports in zone of 864 to 885 and Fibonacci extension targets of 980-1018-1068 stock can be good risk reward option to keep on radar
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
BULL FLAG PATTERN IN INDIA CEMENTS - POSITIONAL LONG TRADESymbol - INDIACEM
CMP - 353
India Cements is forming a Bullish Flag pattern after a good run. It is consolidating at higher levels & buyers are looking strong & not giving up. Breakout of this Flag pattern can lead the stock price towards 650 which is approx. 90% upside from current price. I have made a long position at CMP and will add more position around 390, which is breakout zone. Stoploss I am following is 330.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BEL - Bullish Flag PatternBEL has given breakout of bullish flag pattern but concern is deep retracement.
Risk reward is not favorable hence we didn't trade in breakout, we will take a trade at retest, if occurred
SBIN - Bullish Flag Chart PatternState Bank of India is forming high tight bullish flag chart pattern.
Happy Diwali to all of you.
Medium term trading opportunity in Balu Forge for V. good upsideHi,
NSE:BALUFORGE has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
INDRAMEDCO - Bullish Flag PatternINDRAMEDCO - Has shown a Bullish Flag pattern in the Daily time frame - This shows strength in the stock and also means potential upside in the near future.
The company has a fantastic history and fundamentally has very attractive numbers, not only this is a good entry point for swing traders but also a good stock to hold for a long term.
Note: These views are personal and for informative/ educational purpose only. Please conduct your own research before making any investment decision.
Morepen Lab - Bullish Flag and Fibonacci RetracementMorepen Lab has formed a bullish flag pattern, and today it has successfully broken out.
The price has retested the Fibonacci level at 38, where it formed a bullish piercing pattern, signaling potential upside momentum.
Price take support of 50 period EMA.
Additionally, this level coincides with a significant demand zone on the chart, suggesting strong buying interest. Keep an eye on this stock for further upward movement
SURYODAY SMALL FIN BANK BY KRS ChartsDate:23rd Aug 2024
Time: 9:26 AM
WHY SURYODAY❓❓
1. All overview, Stock was in Consolidation for long time since listed and in Jun 22 it made lowest low , after that it is in continues HH HL pattern.
2. Wave Count is visible perfectly and it is in 3rd leg of 5th wave as we can see in above chart.
3. 100 Ema is right underneath in Hourly and Daily TFs
4. Today it has broken the resistance of Flag pattern and likely to sustain above it.
5. In bigger picture, Suryoday is making Upside channeling
PATANJALI FOODS By KRS ChartsDate: 21 August 2024
Time: 3:09 PM
Why Patanjali Foods ❓❓
1. All over Bullish Stock.
2. 3-Years old Upside Channeling finally Breakout.
3. Currently at All Time High price .
Target will be 2590 for medium to long term
SL can be 1655 Rs.
Welspun Living Going to do Well with FUN Welspun Living
Looks good in PARABOLIC UPTREND PATTERN
On Retracing, getting ready for RALLY.
Expected Targets marked in CHART
Kotak Bank a weekly bull flag formationTraders should keep a close watch on Kotak Mahindra Bank, as it has formed a bullish flag pattern on the weekly chart, signaling potential for a significant breakout. The key levels to monitor are around 1860-1870, where a breakout could trigger strong upward momentum. The longer the consolidation within the flag, the more powerful the breakout may be, offering an opportunity for swift price movement. With strong technicals in place, traders should be prepared to act quickly once the price breaches the resistance zone, as the post-breakout rally could accelerate rapidly. Stay vigilant and ready to capitalize on the move!
Grasim Industries - Bullish Flag PatternLet's break down the analysis provided for Grasim Industries Ltd based on the bullish flag chart pattern, as outlined by Arvind Share Academy. This is for educational purposes, so here’s how you might evaluate and implement such a trade:
Trade Plan Breakdown
Current Market Price (CMP): ₹2700
Context: This is the price at which Grasim Industries Ltd is currently trading. Understanding the CMP helps to set up entry and exit points effectively.
Buy Above ₹2725
Entry Point: The suggestion to buy above ₹2725 indicates a breakout level where the stock price is expected to move higher if it surpasses this level. This price is above the consolidation phase (the flag) and is likely where the upward momentum should resume.
Purpose: This strategy aims to enter the trade only when the stock shows a confirmed breakout from the bullish flag pattern, reducing the risk of buying into a false breakout.
Stop Loss (SL) at ₹2640
Risk Management: The stop loss is set at ₹2640, which is below the flag pattern and recent consolidation lows. This level is crucial for limiting potential losses if the trade does not go as planned.
Rationale: Setting the stop loss at this level protects against significant downturns while allowing some room for price fluctuations.
Target 1: ₹2865
First Target: This level represents a near-term profit-taking point. It might be based on technical projections from previous resistance levels.
Strategy: It’s often wise to consider taking partial profits or reassessing the trade when the stock reaches this level, especially if it faces resistance.
Target 2: ₹3000
Extended Target: This target is set higher, assuming that the bullish momentum continues beyond the initial projection. This level reflects a more optimistic outcome and suggests further potential upside.
Strategy: As the stock approaches this level, monitoring its behavior is key. Adjusting stop losses or taking additional profits may be prudent if the stock shows signs of reversing.
PATANJALI FOODS | ALL TIME HIGH | BULLISH | SWING TRADECHART ANALYSIS OF PATANJALI FOODS
1) 3-Years old Channeling finally Breakout.
2) Cup and Holder pattern formation and breakout
3) Good volume support
4) Currently at all time high price
5) Bullish momentum continues
Disclaimer: Only for educational purpose
Jindal Saw- Bullish FlagIt has given breakout of bullish flag with high volumes. Support is 650 and Resistance is 813
Grasim Industries Limited are at end of accumulation Grasim Industries Limited are at the end of accumuation zone and there institution traders are may be entered and the price will go higher further days .we can expect price may go 10% higher you can looking long trade in grasim
All Cargo Logi -Buying Opportunity 30-40% return or double moneyOn Day chart we can see double top pattern which indicates bearish market.
looking at the current chart 59 is acting strong support for stock and also by seeing volumes and delivery percentage of the stock is indicating strong buy signal.
on long term perspective one can double their money in a coming year.
i would recommend to buy at 60-61 with target of Rs80
PROTEAN - Bullish Flag, Morning Star, Fibonacci Retracement 38.2In the chart of "PROTEAN," a Bullish Flag pattern has emerged, suggesting a potential continuation of its upward trend. The pattern is characterized by a sharp upward move (pole) followed by a consolidation period (flag), forming a rectangular shape on the chart.
The entry point for this pattern is identified above 1466, indicating a breakout from the consolidation phase. A stop-loss is set below 1410 to manage risk in case of a reversal.
The target for this trade is set at 2000, aligning with the typical measure rule applied to Bullish Flag patterns, which measures the length of the initial pole added to the breakout point.
Further reinforcing the bullish outlook, additional technical signals have been observed:
A cluster of patterns, including a morning star candle formation on the hourly timeframe, signaling potential reversal or continuation of the uptrend.
The prior pole trend exhibited a 45-degree angle, indicating strong momentum and trend direction.
Fibonacci retracement level of 38.2% also supports the bullish bias, suggesting a healthy pullback within the context of an uptrend.
Combining these bullish indicators—chart pattern, candlestick formation, trend angle, and Fibonacci retracement—provides a comprehensive technical analysis supporting a favorable risk-reward setup for trading "PROTEAN."
NIFTY 50 BULLISH FLAG PATTERNkeep eye on the nifty 50 chart its making bullish flag pattern on weekly time frame.
#powerofchartpattern
#technicalanalysis
#weeklytimeframe
#bullishflag
HDFC Bank - Bullish Flag chart patternBullish flag chart pattern has formed in HDFC Bank and also we have seen the breakout yesterday.
During the flag formation, we have observe the volume is going down, indicating that the bullish trend will continue.
Breakout of bullish with volume indicate a good sign and also RSI is above 60 so the momentum is also available.
Levels are mentioned on chart, For target use measurement rule.
Trail your SL is the key of saving capital along with profit is the good gesture of traders.
