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...
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.
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...
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...
AMAZING FLAG BREAKOUT SETUP
GETTING READY TO FLY VERY SOON
deets available on the chart
enjoy the move and for more setups like this do follow me.
do like and share if you feel the idea is good
Dabur uptrend on large scale.
Short term flag pattern near breakout.
Buy only if closes above 465.
This is not recommended, only for your knowledge, trade in your own risk.
There is a potential BULLISH FLAG setup on Unitech Ltd. The price is finding support at around Rs. 6.30. If the price breaks out of the consolidation, we could look to take our proft at around Rs. 11.00 which is the exact hight of the Flag's Pole!
It is been observed on the hourly chart that the price action breaks above the consolidating flag pattern indicating a bullish move ahead tomorrow.
Target: 1050
SL- 980
