Logic: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.
Entry: above 3090
Target: 3670
SL: 2930
Pattern: FLAG & POLE
EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
Flag: Price breaking out from 5 week long Flag pattern.
Pole: Price Up by 25% before forming Flag pattern.
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...
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...
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
Dear all
Bullisg Flag Pattern observed in Geojit (GEOJITFSL) Counter.. just sharing with you
Details are mentioned in the chart , if i am wrong please correct me and appreciable
Disclaimer: it purely my observation, Analysis and viewpoint ; Not a trade Recommendation
Weekly 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.
The stock is clearly in Bull's hand moving vertically. Pennant pattern has given breakout yesterday with increased volume. It looks very promising for trading as well as investing. Traders can book profit around previous High approx 925 by providing SL 840. Investor can expect at least 25% capital appreciation for their patience.
Bullish flag breakout thats what we have in BankIndia (Bank of India). When we look at the chart it looks like early breakout and easily it cud have moved within flag zone for few more days. Just above the flag prev resistance zone 113's-120's but breakout patterns carry huge momentum with them but Nifty doesn't make newer highs which makes us think whats gonna...
