Carborundum-A quick breakout swing tradeLogic: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.
Flag-breakout
#POLYMED #SHORTTERM #SWING #NSEFlag 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.
Bank nifty1.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 trade
3.if gap down wait For close the 5 min or 15 min candle the crossed 33000 buy and wait for the target
Weekly high and low should be mark
Total Oi base call side 4,19,077 compare to put side 3,52,723 OI
**(Friday
So call atm to 500 points itm contracts 65,595 oi
Put atm to 500 points itm contracts 39,402 oi
atm options added 33500 strike price
Note . this just prediction. market can happen anything
NHPC - FLAG BREAKOUTNHPC --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 as short term ( 1 month )
5. wave trend turn positive bullish .
6. RSI daily seen bullish at 62 level
7. MACD above center and signal line at daily chart.
BUY NHPC @ 33.90
Target 35-37+
Stop Loss 31.75
@@ THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk.
HAPPY TRADING. !!
Tata Steel Flag !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.
Pennant Breakout: AUROPHARMABullish 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 a reversal is expected soon. While trading these patterns make sure you trade on retests right after a breakout.
Let's turn to FUNDAMENTALS now (Beyond Technical Analysis)
Mkt. CAP - 40,963 Cr.
PE- 7
OPM- 21%
ROIC=14%
Cash flow from operations- 3328 (increasing)
All the levels are mentioned in the chart. Happy Investing!
Pennant Breakout | TEJAS NETWORKS 🌐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 with large volume while the pennant have weakening volume.
KIRIINDUS - Flag Pattern Breakout SignalThis 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)