Logic:Breakout retest done and fresh flag breakout of consolidation Targets are based on Fibonacci retracements. Company has strong fundamentals. Good stock to invest on dips as well. Idea is shared as a swing trade for educational purposes. It will help you understand power of flag breakout and continuation patterns.
KSCL has given a breakout from Triangle pattern on 1D & 1W timeframe with high volumes. It has formed a triangle pattern within a flag pattern.
Entry: above 3090 Target: 3670 SL: 2930 Pattern: FLAG & POLE EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200. Flag: Price breaking out from 5 week long Flag pattern. Pole: Price Up by 25% before forming Flag pattern.
Flag Pattern on Weekly time Frame. Breakout was witnessed and it was followed up by a retest which is always a good sign. An Inverted Head and Shoulder Pattern can also be seen with the right shoulder in progress marching towards the neckline. MACD structure also looks very positive.
Chennai Petro CP breaks out on 1D timeframe. It has given a Double Pattern breakout from Falling Wedge and Flag patterns. Target & Stop Loss are explained on Chart. Be wary of upcoming earnings. Do Trail your Stop Loss and follow proper Risk Management.
1.global sentiment are confuse for me 2. war was not end (Chart shows a lower lows and pattern formation ) 1.IF Tomorrow gap up 5 min or 15 min candle if break the resistance 33482.. if we can see the price action for buying side and exit at the target price 33618 2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the...
NHPC --HOURLY CHART - FLAG BREAKOUT 1. On Hourly chart resistance breakout seen around 33.70 level 2. flag Pattern as well as trend line breakout seen at 33.40 level 3. Stock has strong support around 32.75 level where bounce back seen after recent fall 4. stock cmp 33.90 near term resistance around 34.30 candle close above this level target 35-37 can seen...
Can move towards ATH if breaks 1330 decisively. Commodities prices soaring due to the war. Breakout from a flag pattern. In a good Uptrend. DISCLOSURE - Invested and can be a biased view. I would appreciate your thoughts on it. PS. - I am not SEBI registered. This is for analysis and educational purpose only.
Bank Nifty given flag breakout on 4 hour timeframe
1. Flag Pattern Breakout & Retested 2. 50 EMA Pull Back on weekly Candle 3. 50 EMA Pull Back on Daily Candle at the flag breakout level
Bullish Pennant/Flag is a continuation pattern that if appears in a uptrend/downtrend indicates further continuation of that trend. Here, I have used the monthly chart of AUROBINDO PHARMA in which it gave a breakout after a major consolidation. Besides that its fundamentally strong and YOY revenue has been increasing. The whole Pharma sector gave a correction but...
CDSL flag breakout done, short term target 1200, stoploss = 940
Cup and Handle breakout and Retest has been witnessed. Also while making the cup the stock travelled in a Parallel Channel which broke out and has retested the Channel as well. Recently it made a Pole Flag Pattern and the last session gave a Breakout .
TEJASNET daily: Looks good for more upside at CMP 1) Pennant Pattern BO 2) Optical and data networking products company A pennant is a type of continuation pattern formed when there is a large movement in a security, followed by a consolidation period followed by a breakout movement in the same direction as the initial large movement. The initial move is met...
This stock seems to touch its previous 52W high soon, and atleast reach the all time high of 680. High volumes seen in the counter to support the uptrend. Supported by Other Technicals: RSI - 64 (bullish and not overbought) MACD is above its center and signal Line ADX - 50 (indicating strong trend)
Dalbharat is forming a flag pattern and is taking retest...go for upper side
The stock is forming a bullish flag pattern on daily chart, Entry from 176.1 with the sl of 166.9 for the tgt 189.9/198.65