KVB Bank 15 min Chart; Bullish Pennant FormationOn 9th Nov 2021, the stock gave a strong upmove as the market opened, thereby consolidating over the day. The structure resembles a bullish pennant formation on 15 min chart (Quite visible at 1H charts too). Support Region remains around 55.5-55.6. A breakout from here can instill fresh momentum in the stock and further upmove.
**I am not a SEBI Registered Advisor, Kindly consult your advisor before taking Trade**
Bullish Pennant
Bitcoin's bull pennant on the 1HIt looks like Bitcoin is forming a bull pennant on the 1h. The technical target out of the bull pennant is around 70.7K.
I would place my tp just slightly behind the target to prevent it from not being hit.
I would trade this pattern only if it break out to the upside. this how my trade setup would like. What do you think about this set-up?
NFA
A Classic Bullish PennantHAL has been showing clear signs of bullish pennant where in it is possible for us to go long in this particular stock. it has a good chance of going long. Do check for the volumes and wait till the breakout. this can be a good entry to gain upto 5-8% in this particular stock.
Bullish Pennant Pattern | IRCTC | Simple Trade Setup | NEXT WEEKNSE:IRCTC
After big gap-up in this week, it has been trading and making higher lows and lower highs. And it is forming a Bullish Pennant Pattern.
Fundamental
That Bullish move (big gap up )is mainly by the news of Stock Splits. On 12th Aug, board meeting is there in consideration for Stock Split.
Simple Trade Setup
Trade levels and Targets are mentioned on the chart. Hope it is easy to understand.
Do comment your doubt or suggestion.
NLC India - Flag pattern, Bullish formationNLC India is in a flag pattern with a consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Don't Miss Nifty IT Stocks - Keep Accumulating NIFTY IT Index has been in uptrend since April, 2020. The Index is about to complete its consolidation and ready to breakout a Pennant Formation on the charts as visible and
continue its uptrend.
Keep accumulating your favourite IT Stock.
(Mindtree is ready to fire)
BNB looks interesting in the chartsBNB is consolidating in a nice symmetrical triangle pattern and it seems that it is trying to give a breakout in the 2H time frame. Once it breaks 135 it can shoot up first 170 level and then maybe if the DEFI boom continues in the Binance chain then 200-220 level.
Disclaimer: - These views are for educational purpose only and not a recommendation.
Bitcoin is showing a breakout in 2H chartBitcoin (BTCUSD) has given a breakout in 2H chart from an ascending triangle pattern. it also seems like a Bullish pennant. First target is likely around 53000 - 54000 level while the second target as per bullish pennant is around 57000.
Stop-loss can be kept around 46000 levels.
Disclaimer: - These views are for educational purpose only and not a recommendation.
BRITANNIA FORMING A BULLISH PENNANT Hello Fellow Traders, BRITANNIA forming a bullish pennant on weekly chart i can see that Britannia might give fake breakdown before it go up. i have market the level from where we can take a long trade for less risk.
let me know what do you think regarding my analysis on BRITANNIA ?
Bullish Pennant in NATPEROXit is forming a bullish Pennant on Daily chart since May, a breakout at upper trendline could give 30% upside. it couldn't able to sustain above RSI 60 level. in the last 3 instance it failed sustain/break RSI 60 level. keep an on this stock for sustainable breakout.