Making Bullish Pennant Pattern Watch for the breakout.
Buy Sudarshan Chemical Stoploss 645 Target 780 Study: Pannant Pattern Breakout
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)
KEEP AN EYE ON COAL INDIA FOR BREAKOUT ABOVE THE LEVEL OF 150.
We were bullish on BNB coin because it’s had also formed the same pattern as ETH and with a Bull run in crypto market we achieved our target.
It appears that Happiest mind is making a bullish pennant which is a continuation pattern. Breaking the pennant can take it towards its first target of 600. So buy if it breaks 560 with SL of higher low that is 532. It will be a better idea to buy on retest.
Bank of baroda previously made bullish wolfe wave and started journey, now a pennant on 2hrs timeframe making it more bullish. Targets on chart...
After breaking out from saucer pattern, CAMS is forming a pennant pattern. Will it give a breakout for next rally?
BNB 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 (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.
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 ?
buy Ashok Leyland above 136 Stoploss 134 Target 138 Study: Bullish Pennant Pattern
it 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.
Stock has touched multiple resistance points of upper trendline and forming higher bottoms and lower highs, expecting a breakout soon in this counter. keep this on your radar.
MFSL is in prolonged up-trend. Stock has breached it's all time highs and will continue to rally up before taking a halt. A general behavior of stocks trading at ATH is the continuation of trend rather than correcting. Hence my bias is on the upside. Chart speaks for itself. Buy above 688 for the targets of 700, 707,715 with SL at 683. 688 has acted as...
INFOSYS IS FORMING A BULLISH PENNANT.WE CAN EXPECT A BREAKOUT FROM THE RANGE OF 1165-1168.RED NORMAL LINES ARE LONG TERM S&R AND DOTTED RED LINES ARE SHORT TERM S&R.GREEN LINE IS THE TARGET CONSIDER THESE POINTS BEFORE ENTERING INTO TRADE; WAIT FOR A PROPER CONFIRMATION BREAKOUT BY VOLUME AND MOMENTUM BECAUSE THERE IS ALONG TERM RESISTANCE AT 1171 SET STRICT...
BALKRISIND IS FORMING A BEARISH PENNANT CHART PATTERN AND A NARROW RANGE 7 STOCK.THERE IS A HIGH PROBABILITY FOR A BREAKOUT. GREEN LINES ARE TARGETS,RED NORMAL LINES ARE DAILY S&R AND DOTTED RED LINES ARE SHORT TERM S&R CONSIDER THESE POINTS BEFORE ENTERING INTO TRADE; WAIT FOR A PROPER CONFIRMATION BREAKOUT BY VOLUME AND MOMENTUM SET STRICT STOPLOSSES OR ON...
- Weekly/ Swing / Positional - Bullish Pennant - Risk Management - Position Sizing