Zaggle Flag&Pole breakout!After a CNH breakout and retracement,Zaggle broke out from a bullish Flag and Pole pattern. Keep this on your radar as a positional bet.
SL is deep. Position size accordingly. This is just shared for educational purposes. Please consult with your financial advisor before trading.
The market is very weak and election results are due, anything negative can wreak havoc in the market. So be cautious. Trade as per your risk appetite only.
Flagandpole
Technical Analysis for Hindustan Aeronautics Limited (HAL):
Technical Analysis for Hindustan Aeronautics Limited (HAL):
Trade Type: Swing trade
Key Levels:
Last Support: Holding strong support
Trendline Breakout: Confirmed
Reversal: Bouncing off the 200 DEMA
Nearby Fib Level: Close to the 61% Fibonacci retracement level
Entry Strategy: Good risk-to-reward setup
Stop Loss (SL): ₹3896
Targets:
Target 1: ₹5655
Target 2: ₹6664
Monitor price action and volume closely for confirmation. Adjust stop loss and strategies as the trade progresses.
#HAL #TechnicalAnalysis #SwingTrade #TrendlineBreakout #Fibonacci #StockMarket #TradingStrategy #RiskRewardRatio
Hind Zinc finally settling down?#Tradidea #Hindzinc.
After a big stage 2 up trend which gave close to 100%, stock pulled back and forming a base. Watch out for a base breakout. RR is good in this counter.
No entry now . The latest price action doesn't look pretty. Add this to your watchlist and wait for the opportunity. Will update the SL once the trade is triggered.
flag and pole breakoutGUJARAT FLOUROCHEM LTD has given a strong breakout with strong volume. The short term and mid term momentum is also bullish. trade has RR of 1:2 so it is a good trade. The yellow line drawn on the chart is all time high, stock has given a breakout and has sustained above it with strong volume.
GMR INFRA By KRS ChartsDate: 23rd July 2024
Time: 8:13 PM
Why GMR INFRA?
1. Despite under 100 Rs Stock , GMR INFRA is continuously in Uptrend for bigger time frame too.
2. Here, we can clearly see that price action has made Flag & Pole Chart Pattern and Breakout too and today it retests the resistance line and sustained those levels.
3. For more support 100EMA is right underneath of recent low as we can see in chart.
After all, above points denote that GMRINFRA is BUY from current price for 112 Rs. of Target with SL of Recent low ~88 Rs.
Getting Accumulated Making A Flag and PoleNSE:INDIACEM is getting Accumulated and Making Flag and Pole Patterns a Breakout on the Upside we see a Swift Swing Trade. Keep in Radar.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
MANKIND -Flag and Pole -Daily - Breakout **Mankind Pharma Ltd.** shows a clear **flag and pole pattern**, indicating a potential continuation of the uptrend. Here's a breakdown of the technical analysis:
### Key Observations:
1. **Flag and Pole Pattern**:
- The pattern consists of a sharp upward movement (the pole) followed by a consolidation phase (the flag), forming between parallel lines.
- The breakout above the flag pattern suggests a bullish continuation, with a price target typically equal to the length of the pole added to the breakout point.
2. **Target Price**:
- The length of the pole is measured at **660.85 points (34.81%)**, and applying this to the breakout level a target near **3,217 INR**, as marked on the chart.
3. **Volume Confirmation**:
- The breakout has been accompanied by an increase in volume, confirming the validity of the upward movement.
- Higher-than-average volume during breakouts adds credibility to the bullish scenario.
4. **Support Levels**:
- Near-term support lies at **2,559 INR**, followed by a stronger support zone around **2,372 INR** if there’s a pullback.
5. **Resistance Levels**:
- Immediate resistance is expected near **2,665 INR** (recent high), with the next target at the calculated level of **3,217 INR** based on the flag and pole projection.
### Conclusion:
This chart suggests a bullish outlook for **Mankind Pharma Ltd.**, with potential for further upside as the flag and pole pattern points to a target of around **3,217 INR**. Traders may want to watch for price action around current resistance levels and ensure volume continues to support the move.
Would you like any further analysis on this?
FLAG AND POLE BREAKOUTVA TECH WABAG LTD ltd has given a strong breakout with strong volume. The short term and mid term momentum is also bullish. trade has RR of 1:3 so it is a good trade.
DISCLAIMER: I am not a SEBI registered technical analyst. I do not provide calls and signals. The above analysis is solely for educational purpose. Iam not responsible for any loss/profit. DO NOT TRADE!
Triveni : Breakout Candidate#Triveni #VCP #Breakout #trendingstock
Triveni : Swing Trade
>> Breakout Candidate
>> Trending Setup
>> Low PE Stock
>> VCP Visible
>> Good Strength & Volumes
>> Upside Potential ore than 20%
Swing Traders can lock Profit at 10% and keep Trailing
If u Like the Analysis. Boost it and Follow us
Disclaimer : Charts shared are for study purpose only
Wanbury : Flag Breakout#wanbury #chartpattern #flagpattern #flagandpolebreakout #trendingstock #momentumstock #breakout #swingtrade
Wanbury : Breakout Soon
>> Flag Breakout
>> Trending stock & Setup
>> Good Strength
>> Volume Expansion soon
>> Upside potential upto 25%
Swing Traders can Lock profits at 10% and keep trailing
If u like the Analysis, Like it, boost it, Follow us for more
Disclaimer : Charts shared are for Learning purpose not a Trade Recomendation.
HEROMOTOCO - Flag and Pole - Breakout -DailyHEROMOTOCO - Flag and Pole - Breakout -Daily
Name - HEROMOTOCO
Pattern - Flag and Pole
Timeframe - Daily
Status - Breakout
Volume - Good
Cmp - 5578
Target - 7145
SL - 5266
Pattern : Flag and pole
The flag and pole pattern is a popular technical analysis tool used by traders to identify potential continuation of a trend. Here’s a breakdown of its components:
Flagpole: This is the initial sharp price movement, either upward or downward.
Flag: Following the flagpole, the price consolidates in a small range, forming a rectangular shape that resembles a flag.
Key Characteristics:
Continuation Pattern: It indicates that the prevailing trend is likely to continue after the consolidation phase.
Volume: Typically, the volume decreases during the flag formation and increases again when the price breaks out of the flag.
Trend Direction: The pattern can be bullish (upward trend) or bearish (downward trend).
Fundamental ratios:
Here are some key fundamental ratios for Hero MotoCorp Ltd. (HEROMOTOCO):
Profitability Ratios:
Return on Equity (ROE): 18.5%
Return on Capital Employed (ROCE): 22.3%
Net Profit Margin: 10.4%
Valuation Ratios:
Price to Earnings (P/E) Ratio: 19.2
Price to Sales (P/S) Ratio: 2.75
Enterprise Value to EBITDA (EV/EBITDA): 19.18
Solvency Ratios:
Debt to Equity Ratio: 0.05
Current Ratio: 1.5
Efficiency Ratios:
Asset Turnover Ratio: 1.2
Inventory Turnover Ratio: 5.3
IOC - Flag and Pole Pattern - Swing TradeThe stock has formed flag & pole pattern
on the weekly chart.
One can enter above 186 with a strict
Stoploss of 163
Target 1 - 220
Target 2 - 240
Target 3 - 269
#SWING / LONGTERM TRADE
#FUNDAMENTALLY STRONG STOCK
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
ITC Flag & Pole patternThe stock has formed flag & pole pattern on the monthly chart.
One can enter above 511 with a strict Stoploss of 422
Target 1 - 599
Target 2 - 640
Target 3 - 697
All levels are mentioned in chart.
#LONGTERM TRADE
#FUNDAMENTALLY STRONG STOCK
#ITC
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Multipattern Analysis on IDFC First Bank!NSE:IDFCFIRSTB Analysis!
Multipattern Analysis on $NSE:IDFCFIRSTB!
Analysis on a Weekly Timeframe!
Analysis:
I have done the overfall analysis of IDFCFIRSTB since its inception. It looks very complicated but if you know all the patterns it is just like anything. I have combined all the patterns with the Support and Resistance Trendline. Don't get confused. Read the chart thoroughly and you'll get a better idea of where to enter and where to exit. As you can see in Chart 3 most important reversal patterns are there.
1) Triple Bottom Pattern 2) Double Bottom Pattern 3) Inverted Head and Shoulders Pattern
Now the price is moving in a parallel channel but we can see the Flag and Pole Pattern Formation is going on. Aggressive investors can enter at current price levels as the price is above 50EMA. But my suggestion would be to enter only after the upside channel breakout.
Trade Setup:
Entry= Current levels are good for aggressive investors. Conservative investors can enter after Flag/upper channel breakout
Target= Nearest Possible Target would be 100.70(New All-Time High Level)
Stop Loss= Below 75.66
Disclaimer = Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital