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FLAG

Hindustan Food Stock - Bullish Flag Pattern Hindustan Food (HINDUNILVR) is exhibiting a classic bullish flag pattern on the daily chart, indicating a potential continuation of the upward trend. Here’s a detailed analysis and structured description for trading targets once the pattern is broken with significant volume. Key Points: Pattern Identification: Hindustan Food stock is currently forming a bullish flag pattern, characterized by a sharp price rise (flagpole) followed by a consolidation phase (flag) with downward sloping trendlines. Volume Confirmation: A breakout from the flag pattern should be accompanied by high trading volumes to confirm the bullish momentum. Watch for volume spikes at the breakout point. Entry Point: Enter the trade when the stock price closes above the upper resistance trendline of the flag pattern with significant volume. This confirms the breakout. Target Levels: T1 - 739: The first target is set at 739, derived from the height of the flagpole added to the breakout point. T2 - 1000: The second target is set at 1000, a psychological level and an extension of the initial flagpole projection. SL - 436: The stop-loss is placed at 436, below the lower support trendline of the flag pattern to manage risk. Trade Management: Monitor the trade actively and consider trailing the stop-loss to lock in profits as the stock moves towards the target levels. If the stock shows signs of reversal or fails to sustain above the breakout level, reassess the position to minimize losses.
NSE:HNDFDSLong
by Lone_Wolf_03
MapMyIndia-A multibagger stock for a swing tradeMapmyIndia is one of my favourite stock among small cap IT sector which has now done a breakout retest and is available at an amazing price. If stock gives weekly closing above 1900, we will see ATH levels soon. However, I expect bigger targets from stock as given on chart. A very good investment stock as well since the company provides API solutions as a cheaper alternative to google maps. Just a personal opinion shared for educational purposes.
NSE:MAPMYINDIALong
by chartistamey
2
JSFB, a strong name ready to danceA Good Setup: Jana Small Fin Bank (JSFB) after giving 60% move in just 15 days from first base after IPO, didn't fall much, only 13%. Instead went contracting between trendlines (TL), suggesting supply is low. -Forming HTF(high tight flag, when move significantly but didnt fall much and contracts) -Hovering near 10 ema -Tight closes with volume contracting -Green vol > Red vol - VCP 3W-13/4-3T (meaning in 3 weeks contracting from 13% to 9% to ~4%, these 3 contraction are 3T in notation) Read if you haven't: Volume Contraction Pattern (VCP), a good concept by sir Mark Minervini (his books are highly recommended) Waiting patiently for breakout(BO) of trendline(TL) with some vol.
NSE:JSFBLong
by takmanish007