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.
FLAG
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).
Mindtree classical Channel breakout !My experience tells that simple classical patterns work mostly and reward good, therefore, I am suggesting today a very Simple Channel breakout long trade setup. It does not require any explanation however, if there is any query please post it in comments.
Biocon SHORT Pennant pattern.The stock has formed perfect pennant pattern and gave breakout with gap and good volume. It is trading below the trend line clearly telling more weakness in coming days. One can short the stock for a target of below 925.
ACC LONG Flag BreakoutThe stock has formed a nice pole and after 5 days of consolidation it has given a breakout today. One can trade the Flag pattern breakout for a target of 1850.
Bswing : ACC wait n Enter BreakoutThere are chances that downside break may turn out to be false one, so expecting upside breakout in ACC
Bhel Breakout on Bswing !Stated our reasons in Bhel chart itself, if you have specific queries then drop in, No worries :)
ONGC - Rounding Bottom, Flag, Hidden DivergenceONGC has formed a rounding bottom with a flag.
Notice the hidden divergence.
Seems to be a good medium term buy.
IGL : Perfect Candidate for Bullish Flag breakoutA close above 1071's will make it fly like anything, lets see what IGL decides to do !
GOA CARBON - Rounding Bottom - Flag - DivergenceStock has broken out with huge volumes following spectacular result.
A flag has been created. Let's wait and watch any upward move.
A hidden bullish divergence has also been formed.
Flag Breakout/Down - BPCLTrade the flag Breakdown.Support from trendline . Short if breaks 727 and closes below.
Or if it takes support at 727-728, Buy for a target of 742 & buy above 742 in case of breakout from the flag.
Double top on Daily and weekly TFs.
Jain Irrigation BuyPost bottom reversal, the stock has been trading in the Symmetric Triangle in intermediate trend running across weeks. The Triangle was breached with Bullish expectation, and the stock is righ now in tilted rectangle - almost like a flag consolidation amidst a rally. Would be expected to break out and rise with gap.
Zuari Agro Buy Flag Breakout !My mates can use the recent trading opportunity generated as nicely formed Flag pattern has given breakout with volume. It can easily scale above 400 in coming days. I like this kind of setup being reliable, fast and offers good risk to reward ratio..
Dhampur Sugar Flag breakoout !The stock has formed a good pole and flag part with decreasing volume : showing the accumulation happened and gave breakout yesterday with good volume. All this make it a perfect Flag(Pennant) pattern to take advantage of. Entry best possible rate, Stop Loss 228, Target 255.
Flag Breakout BuyThe stock has nicely formed Flag pattern and gave breakout with increased volume today. One can buy the stock with appropriate stop loss and look for a target in the range of 340 - 350. If we consider the Ascending Channel and its target also, the prices may climb up to 360 so one can continue with trailing stop loss. Wishing all profitable Trade !
Pennant Breakout DCB Bank LongThe stock has formed a beautiful Pennant and giving breakout now making the new high. One can buy the stock for the target of 170 providing the stop loss just low of today.
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!
Bharat financial Buy Pennant BreakoutThe 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.
Pidilite Buy on Flag BreakoutThe stock has formed a nice Flag pattern and gave breakout today after 16 days of consolidation. I would trade it for a target of 705. Stop loss low of today on closing basis. Risk to Reward is only 1 but seems good probability of reaching target first.
Ascending Triangle/Flag Breakout Good trading opportunity in the stock exists. Ascending Triangle broken combining the Flag pattern and it seems that if has already shaken the weak traders today so upward journey may be smooth now. Buy now or or dips depending upon the risk taking capacity where stop loss of 39.20 suits to you. Target 43.50
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
