Flag-breakout
M_MFIN - Descending channel/ Flag Again the finance stock making the same move and waiting to break for tomorrow session.
Bajfinance - Descending channel / FlagInterestingly 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.
CHOLAFIN forming a clear #Bullish #FLAG #CHARTPATTERN#CHOLAFIN forming a bullish flag on daily chat and a #rectangle on hourly, entry exit and targets are clearly mentioned in the chart itself.
QUESS : LTP : 438Flag break out.
#positional
Risky trade buy now
otherwise looks like : that will touch 410 - 415
SL : 350.
[Positional] Flag BREAKOUT OR BREAKDOWN? GODREJPROPDETAILS IN THE CHART
Enter when price breaks above or below the flag with previous 2 day candle low as stop.
~“It can be very expensive to try to convince the markets you are right.”
- Ed Seykota
AFFLE INDIABeing in the channel
Target - 1719 - 13.5%
SL - 1480 - 2%
Price crossed above SMA 10, 30, 50 , 200
Price broke out of Flag channel.
RSI at 56
Dabur BuyDabur 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.
Potential Bullish Flag SetupThere 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!
LUPIN - Bullish Flag Breakout 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
Raymond : The Complete Man !Raymond chart was bullish for last few days & closed a bit above the previous high's of 810's. There are many aspects one can interpret this chart above :
i) The ranging candle can be considered as Flag or Triangle depending on how you draw your lines & Not to worry, both are fine.
ii) If you don't trade simple patterns, then you can consider this as simple pullback to retest 810's, so on Reversal confirmation go for long trades, if its in your plan
If you go for hourly timeframe, you can see more of ranging market in Raymond which awaits a breakout & the downside breakout : lets not play with it. So if only the upside bullish momentum is seen, we get long in Raymond.
Happy Trading !
TITAN breakoutkeep tight SL around 509-508
book some profits around 554-555
and then final target around 594 as per flag pole.
buy if opens positive around 530.
EDELWIESS Flag BreakoutWeekly flag breakout with high volume.
Target is open but acc to pattern given as height of the pole.
SL is place at the low of last candle a.k.a new support.
Marico Flag BreakoutThe stock has broken out of the pennant formation with great volumes.
One can go long for target of the pole's height "d" as given in chart.
SL can be at the new trend line support of pennant or the low of previous breakout candle.
Still stay cautious as may dip a little due to doji formation or may go up. (doji indicates indecisiveness).
IGL : Perfect Candidate for Bullish Flag breakoutA close above 1071's will make it fly like anything, lets see what IGL decides to do !
Marksans Pharma Pennant Breakout or Trap?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 cheap or a trap of a Supply Zone? Still I would take chance as small stop loss is affordable to me.
I would like to hear your views in this situation, please provide your valuable comments. Thanks!
Southbank Long Wolfewave and Flag The stock has given Flag breakout today and Bullish Wolfe wave is already in action therefore one can expect the price to reach around 23.50. Good risk to reward
Beautiful Flag Pattern : wait for the breakout ZEEL !Beautiful Pole has been formed and a flag is in making. If it gives breakout and closes out of Flag boundaries only then the trade should be initiated but one can put the stock in watch list and prepare for the trade. Clearly on the last day of the pole the volume was the highest and so should be on the day of breakout for a good Flag pattern formation. Good Luck
Nifty 50 : Lets catch some flags !I feelchart is self explanatory, if you need any explanation feel free to leave a comment..
Note : Browser crashed when I tried to publish ,so I'm not sure whether its repeat post or not, thats why posting again !
Happy Trading !
