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...
📌 Levels are mentioned on chart for ❝Swing trading❞. NXTDIGITAL Limited (NDL) is the flagship media business of the global Hinduja Group.
The stock has shown high volume along with the breakout from an important resistance level .
▣ Key Highlights:
➨ Time frame WEEKLY 𝓦
➨ Pattern FLAG & POLE
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you...
Interestingly most of the finance stocks are following the same pattern - check on yourself I will post some
Here price making descending channel pattern and it is definitely looking to break up tomorrow.
Tata motors has given a flag breakout post taking support at fibo 23.6 level, with festive sales numbers to be announced on December 1st, price looks good to cross above 185
*Views only for learning purpose.
I like to trade Flag(Pennant) pattern simply because it is relative smaller pattern so the holding period is less and risk to reward is mostly good. I've detected another pattern which looks promising as formed correctly fulfilling all the criteria. My only concern is its closing at the lower side forming a wick on double top zone. Is it an opportunity to enter...
The stock has formed a good pole and flag part with decreasing volume : showing the accumulation happened and gave breakout yesterday with good volume. All this make it a perfect Flag(Pennant) pattern to take advantage of. Entry best possible rate, Stop Loss 228, Target 255.