Medium term trading opportunity in Oriental Aromatics Hi,
NSE:OAL 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.
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Bullishflagpole
Medium term trading opportunity in Styrenix for v. good upsideHi,
NSE:STYRENIX 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.
Bullish Flag Pattern about to Break on WeeklyNSE:CHAMBLFERT The Bullish flag pattern Breakout will be confirmed after a sustained move above 543 and the stock may move toward the pattern target of 768 after the breakout keeping a stop loss of 473.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: 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.
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."
Daily Bullish Flag Pattern BO in CARYSIL LTDIntroduction:
The Acrysil Group was founded in India in 1989, by Ashwin M. Parekh. We produced our first kitchen sink with a technical collaboration with Schock & Co., Germany - an established world leader.
30 years later his son, CMD Chirag A. Parekh, has lead Acrysil into becoming one of the largest producers of quartz kitchen sinks in the world, under its brand Carysil.
In addition to being one of the world leaders in producing sinks, Carysil’s global experience, and expertise have naturally lead us to diversify into other kitchen products. We now produce stainless steel sinks, faucets, food waste disposer units; and kitchen appliances such as hobs, cooktops, ovens, wine chillers and dishwashers.
Presenting the world's first 100% green sink manufactured using environmentally friendly materials. It is a bio coated quartz sink with materials such as spinach, sandal, turmeric, beet root and more. The natural fibre is recycled resin.
Analysis
A Bullish Flag and Pole pattern is visible on the Daily chart of NSE:CARYSIL .
The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price.
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip near Rs. 855-875 levels with the stoploss of Rs. 785 on Daily closing basis for the following targets 896.10, 919.20, 946.45, 966.75, 989.15, 1001.95, 1029.15, 1045.85, 1068.10,1083.55 and 1098.10
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
Bullish Flag Pattern in BPCLIntroduction:
Bharat Petroleum Corp. Ltd. is a holding company, which engages in the business of refining of crude oil and marketing of petroleum products. It operates through the Downstream Petroleum and Exploration and Production (E&P) segment. The Downstream Petroleum segment includes the refining and marketing of petroleum products. The E&P segment focuses on hydrocarbons. The company was founded on November 3, 1952 and is headquartered in Mumbai, India.
Analysis
A Bullish Flag and Pole pattern is visible on the 4 Hour chart of NSE:BPCL
The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price.
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip near Rs. 395-400 levels with the stoploss of Rs. 380 on Daily closing basis for the following targets 408.15, 415.25, 421.05, 429.15,
437.65, 442.50 and 448.60
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
DVL||06-12-2022||SWING AND SHORT TERMTRADE IDEA: CMP : 282 **GOOD BULLISH FLAG PATTERN**
** I AM NOT SEBI registered advisor please consult financial advisor for your investment.
**This is only for educational purpose you can also share your thoughts on the comments
** In this chart, I can see good long run from 92 to 315
**After a very good bull run market try to make a parallel channel**
**we can see good inverted head and shoulder pattern in weekly chart inside the parallel channel **
** The inverted head and shoulder pattern neckline around the 265**
Trade can long even from 280-282 to get the all time high of 345-350
FUNDAMENTAL : I saw the stock book value around 600 and stock trading half of its book value
keep following We will grow like healthy society.
DLF (Daily) - Bullish Flag DLF (Daily) - Bullish Flag
4th wave seems to be ending, making way for the 5th wave
Stochastic 14,3,3 is in positive crossover
+DI has just gone above the -DI in the Directional Movement Index (DMI) indicating the start of an uptrend
However before going long / buying, wait for the following to become a reality:
(1) Breakout of the resistance line (drawn in red)
(2) RSI to go over 60 and enter the overbought zone
(3) ADX to become uptick (though it is above 15 as of now)
Seems very likely that they will be achieved anytime soon.
Do not take anticipatory trade till you see them happening
Weekly tide is showing a morning star candlestick pattern formation
IEX (Daily) - Flag Breakout Indian Energy Exchange (IEX) - Daily
Flag breakout - 4th wave flag/triangle seems to have ended and it is the start of the 4th wave
MACD in the daily wave and weekly tide is uptick
RSI is well above 60 in the overbought zone
Stochastic 14,3,3 is in positive crossover
+DI is above -DI and the ADX is above 15 in the Directional Movement Index (DMI)
Seems to be a decent case for going long / buying