The stock is riding the Parallel Channel. It has been repeating the cup breakout pattern and climbing up. While it about to repeat itself again, it is also breaking out of a Flag pattern.
Breakout from Flag - Riding the Parallel Channel and in the formation of Inverted Head and Shoulder. Anticipating a MACD crossover
Again the finance stock making the same move and waiting to break for tomorrow session.
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.
FLAG PATTERN BREAKOUT FOLLOW LIKE IF YOU WANT DAILY UPDATES
#CHOLAFIN forming a bullish flag on daily chat and a #rectangle on hourly, entry exit and targets are clearly mentioned in the chart itself.
Flag break out. #positional Risky trade buy now otherwise looks like : that will touch 410 - 415 SL : 350.
DETAILS 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
Being 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 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
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...
keep 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.