Flag Pattern Breakout with Good Volumes. Also, a buy signal by MACD.
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.
The 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.
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
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
GMRInfra seems to have consolidated and trading now above the boundaries of Flag. It seems a good opportunity to buy at this level with SL just below the low of today Target 13.70 risk to reward 4.
Flag pattern gave breakout today with good volume so one can consider buying the stock for the target of 168 - 174. Stop Loss 152 on closing basis.
The stock moving vertically after giving the triangle breakout and formed a beautiful pole. The Flag pattern has given breakout with good volume after 5 days of consolidation. One can buy the stock for a target of above 75. One can even continue the stock as there is no resistance. Flags with upward breakouts do well at yearly high which is the case here.
Perfectly formed Flag pattern has given a breakout today. One can buy the stock for a target of above 1250 applying stop loss 1050(Closing Basis). The pattern formed at the year high level mostly performs better.
The stock was in downtrend but it seems there was good accumulation and it is going up. The stock formed a good pole and flag. It is at good entry point now. One can buy it now or on dips wherever he feels the Stop loss at 122( on closing basis) is affordable. Potential Flag target in the range of 136 - 145.
Beautiful Pole with vertical bars, 3 bars consolidation and breakout with volume all makes it a good trade-able Flag pattern. Enter on the dips(if it happens) or at the price level where stop loss of 54.5 is affordable for a target of 67.
Good opportunity to buy the stock as it has formed Flag pattern and gave breakout with volume. Stop Loss 114 Target 156.
Beautiful Pennant pattern gave breakout with higher volume two days ago. It is retracing which offers a good opportunity for short term gain. Mostly the Pennant is formed in half way which means that price may move as much as before forming the pattern. Stop Loss 68 Target 85. Risk to reward ratio is quite reasonable.
The breakdown of bearish flag at 18,000 was retest in the last hour of trading.
The stock has formed a beautiful pole and gave breakout today after 8 days of consolidation with good volume. It fulfills all the criteria for a valid FLAG (Pennant) pattern One can enter long for a target of 1010.
Vertical price move from 05.12.16 to 08.12.16 has formed a pole and pattern gave breakout after 2 days of consolidation which is normal for flag pattern as it is a small pattern. It seems a good Flag formation as the volume on last day of pole and on the breakout day was relative higher. One can enter long now for a target of 1060. Stop Loss closing below 944.
POWERGRID after recently making 52W high is facing trouble at highs and currently trading in a bulls flag in Daily charts. RSI price negative divergence was observed near highs and RSI is continuing to trend lower. POWERGRID can be shorted near TL or below 180 for 173/170 tgt. SL above the trendline or above 195
Trade able Pennant pattern gave breakout with higher volume yesterday. It offers a good opportunity for short term gain. The pattern is relative short pattern so the target can be reached in next week. Risk to reward ratio is quite reasonable.