Possible Up Movement From Here - FlagBuy half of the amount @4120, Buy more @4155-60
Target - 4500++
Duration - 1-1.5 months
SL - <3138 (closing point)
Pattern - Flag
FLAG
HERO MOTOCORP - Ready to break Channel & Flag Pattern1. Ready to break Channel & Flag Pattern
2. Buy above 925 on 4 hr closing or Daily Closing
3. Maintain Stop lose at 2900 on 4 hr closing
VARDHMAN TEXTILES - Pennant Breakout with Huge Volume1. Pennant Breakout with Huge Volume
2. Expected 30% return
3. Buy while retesting
4. Stop lose at 1980 on 4 hr Candle close
Flag Breakout in 4 hour1. Flag breakout in 4 hour chart
2. Weekly CPR Support
3. Volume Profile Support
4. 50 EMA Support
AARTIIND - LONG/ACCUMULATE.It seems like AARTIIND has been printing the flag & pole formation on a constant basis.
As of this point, we could wait for a consolidation in the area of 970-1025.
If we get a consolidation, it would be a good area to buy it for longer time frame in mind.
$SHIB to MOONAfter a long rally SHIB has been consolidating for a while. Now making a Flag pattern for breakout.
likely to break the bullish flag
Target : 34/40+
SL: 29 (Closing basis)
Reason : Secured an Order worth 381 cr, Last quarter result was also good.
HEG TRADE PLAN: 11 OCT 21 ONWARDSLevels as mentioned on the chart with probable Price Action to follow....
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
Happy Trading
Jai Hind
BHARTIARTL Flag PatternBHARTIARTL perfectly playing between resistance and support need to track for the upcoming week so either it will break up or below we can also take moving avg as a stop loss in both cases if required.
FLAG PATTERN BREAKOUT & RETESTED1. Flag Pattern Breakout & Retested
2. 50 EMA Pull Back on weekly Candle
3. 50 EMA Pull Back on Daily Candle at the flag breakout level
THOMAS COOK | POLE FLAG + SUPPORT CONFLUENCEREASONS FOR ENTERTING TRADE
1. A pole flag structure with the base of the flag bouncing off the 200EMA.
2.This 200EMA bounce point coincides with the long-term support trendline,
3. & the 61.8% retracement of the pole.
3. Price sustains above the flag range after retest
Buying above 65 for a projected price target which is set as the pole height, from the breakout point.
SL 56
MCXMCX Flag and Pole breakout in 1W timeframe.
It has also broken Horizontal Resistance.
If it sustain above 1810 can expect bullish movement.
ONGC FLAG BREAKOUTONGC Flag/ down-trending Channel breakout. 119.5 PIVOT/ make or break of the trend.
bajaauto may bring festive moodon hourly chart Bajaj auto breaks flag and poll pattern.
one can play buy strategy .
flag and parallel channel
Target - 24.65/26.40
SL: 22.30
Reason : All time high net profit in the last financial year and a dividend player.
SUNPHARMA bullish flag breakoutSUNPHARMA bullish flag breakout ....can go for good move above resistance line ........
Hero Motor Corp - Inverted Flag Pattern - ShortHi Friends,
Pranam!!!
We are going to analysis the techincal part of Hero Motor Corp!!
Weekly TF:
In weekly TF the script was breaked the previous Market Structure of Uptrend and formed a Lower High and Lower Lows
The script was in support at 2724-2800 and weekly resistance will be 3154-3216
Daily TF:
In Daily TF the script was in the downtrend and EMA200 was Flat, Which denotes trend either can turn bullish or continue to be the bearish.
The dynamic support was around 2823-2850 and the script was holding in the dynamic support range.
MACD of daily was exhausting and weekly its was Flat in the volaitility.
In 2hr TF the MACD was in bearish.
Stochastic RSI of Daily and Weekly was in Overbought range which support the current downtrend
In 2hr TF the stochastic was in the oversold range.
In Daily TF the CPR was currently in the narrow and script was braked above the CPR and was retraced to the R1 of the CPR
CPR was currently in bearish bias
In daily TF the candlestick pattern near in the resistance evidence as evening star which is bearish in nature.
In the script was in the downside and inverted Flag pattern was also evidence in the script
ATR Volatility in Daily TF was Flat, in Weekly TF down and in 2HR tf it was in the Average.
Based on the above, we conclude that the script of Heromotocorp was in the bearish.
Entry:
In Lower TF of 2hr the script was evidencing in the bear Flag Pattern which consitute in line with the trend.
Enty:
Breakout with Bearish Confirmation along with StochRSI reaches and retrace to below 80 or
For Risk traders Sell now or at top of the Channel Pattern(drawn in blue)
SL - 2895 - 1ATR of Daily ATR ( if near Channel TOP) or
SL - After Breakout is Previous candle High - 1ATR.
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Pennant Breakout: AUROPHARMABullish 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 a reversal is expected soon. While trading these patterns make sure you trade on retests right after a breakout.
Let's turn to FUNDAMENTALS now (Beyond Technical Analysis)
Mkt. CAP - 40,963 Cr.
PE- 7
OPM- 21%
ROIC=14%
Cash flow from operations- 3328 (increasing)
All the levels are mentioned in the chart. Happy Investing!
VGUARDAwaiting breakout from the Channel.
This breakout will take out resistances from the earlier box and the Channel.
I expect it to be a little explosive. Let's see.
