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...
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we...
Entry - CMP (72.6) breakout was 67.85
Target1: 86.1
Stop Loss: 63.7 (Daily Close).
Will Update Trailing Stop loss whenever required.
Duration: 1-2 months
2nd Time Sharing this Script since it went well last time and hoping it to go well this time too, since Script has shown Slightly Stronger Technical Pattern this time. (Rectangular Flag and Pole)
Technical...
NLC India is in a flag pattern with a consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry...
The overall setup is of a Pennant/Flag.
A double bottom already made and MACD looking for a crossover signifies some momentum in the days ahead.
Markets are volatile. Keep a strict Trailing Stop loss.
Entry - CMP (51.15) breakout was 47.3
Target1: 71.2
Stop Loss : 47.5 (Weekly Close). Deep SL 42.15
Will Update Trailing Stop loss whenever required.
Duration : 1-2 months
Technical trade Stock is showing Flag and Pole breakout with increased Volume.
Fundamentally Script is trading around Fair Valuation but since we are in bull market we can expect over...
BUY : 52 TO 48
TARGET : 80
Reason For Buying This Script :
After a long time this script has broken the downtrend flag & also has broken the box in weekly time frame . Now wait for retest moment at the range of 48 .
Note:
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the...
SPARC :
-Filtered in strategy#2
-Good Volume
-Flag&pole pattern
- Ready for BO.
- Good R:R:
-Holding may be 6 month
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Pole and flag formed and it's in the verge of flag. Might expect breakout in next 1 or 2 days with narrow CPR for upcoming week.
Disclaimer: Not a SEBI registered analyst. Request you to do your own analysis before taking positions.
Good luck
Flags are areas of tight consolidation in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward trending (bullish flag) or downward trending (bearish flag). The bottom of the flag should not exceed the...
