Get started

Flagandpole

#INOX - ATH BREAKOUT WITH FLAG PATTERN FORMATION🚀 Trade Idea: INOX 📍 Setup: ATH BREAKOUT WITH FLAG PATTERN FORMATION IN DAILY TIMEFRAME 📈 Entry: Above ₹1578 🛑 SL: ₹1350 🎯 Targets: ₹1900 / ₹2100 🔵 TECHNICAL SETUP INOXINDIA has broken out of a Flag & Pole pattern coinciding with an All-Time High breakout on the daily chart. The breakout level now acts as support. Both EMAs are sloping upward with price trading above them. Targets are based on Fibonacci extensions of 1.6x and 2.0x from the base of the pole, projecting ~35% upside from current levels. 🔵Fundamentals INOX India manufactures cryogenic equipment serving LNG, industrial gases, and cryo-scientific segments across 100+ countries. Q3 FY26 revenue came in at ₹436 Cr (+27.4% YoY), EBITDA at ₹102 Cr (+34.2% YoY) and PAT at ₹68 Cr (+32.4% YoY), with exports contributing 62% of quarterly revenue at ₹271 Cr. The current order book stands at ₹1,457 Cr with fresh inflows of ₹392 Cr in Q3 alone. The company has delivered 22% profit CAGR over the last 5 years and revenue is forecast to grow ~15% p.a. over the next 3 years. ⚠Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:INOXINDIALong
by AlphaSetups_IN
JINDALSAW: Daily Flag & Pole Breakout1. The Macro Perspective: The Flag and Pole Formation I am taking a LONG bias on Jindal Saw Limited (JINDALSAW) on the daily (1D) timeframe, When analyzing pure market structure on an industrial metals stock, extended vertical rallies must eventually be digested. Following a powerful vertical surge from the 165.00 region in March forming the "Pole," the stock entered a necessary cooling-off period. Instead of a deep structural correction, the asset demonstrated immense relative strength by consolidating sideways, carving out a textbook rectangular "Flag" formation throughout April and May. This multi-week digestion phase effectively absorbed profit-taking and allowed institutional capital to systematically accumulate shares at elevated valuations. Documenting these classical continuation bases makes the charting workflow highly repeatable . 2. The Educational Setup: The Flag Boundaries To understand the technical validity behind this macro launch, look closely at how the price structure interacted with its core boundaries: The 245.09 Flag Resistance: The definitive line in the sand for a bullish structural breakout was the top of the flag boundary drawn at 245.09. This level acted as a heavy supply zone that systematically capped momentum over several weeks. The 217.33 Flag Support: During the sideways consolidation, buyers heavily defended the lower boundary of the flag near 217.33. The price action ping-ponged between these two clearly defined levels, squeezing volatility directly beneath the breakout zone and building immense kinetic energy. 3. Current Price Action: Breakout and Volatility Expansion Look at the massive daily candle on the far right of the chart. The structural pressure cooker has officially exploded. Institutional buyers have stepped in with undeniable conviction. The stock printed a towering, full-bodied green candle that has vertically surged to close at 250.85 (+4.04% on the session). This explosive thrust has decisively obliterated the 245.09 flag ceiling. The stock has officially transitioned out of its accumulation base and back into a highly explosive markup trend into fresh price discovery territory. Note: Always ensure the exchange's End of Day (EOD) data files have fully synchronized before confirming the final daily close shape. It is best practice to wait until after 9:00 PM to account for any delayed Indian market data synchronization, ensuring there are no visual discrepancies or data glitches before submitting final updates for management review. 4. The Trade Plan: Entries, Targets, and Risk Management Entry Strategy: Momentum is exceptionally strong with the stock trading vertically out in the open above the breakout line. Chasing an extended daily breakout candle completely outside the flag carries a minor risk of a short-term mean-reversion pullback. The highest-probability entry strategy involves waiting for the initial vertical excitement to cool off. Look to scale into long positions on a potential structural pullback that perfectly retests the broken 240.00 to 245.00 prior resistance zone. Letting old historical resistance prove itself as a concrete new support floor provides an unmatched risk-to-reward ratio. Take Profit (Targets): By utilizing a classical measured move strategy specific to Flag and Pole patterns, we project the depth of the initial flagpole. Taking the depth of the preceding pole (roughly 80 points from the 165.00 launch to the 245.00 high) and projecting it upward from the breakout point, our primary structural target sits comfortably in the 320.00 to 330.00 zone over the coming weeks. Invalidation (Stop Loss): An explosive breakout thesis is completely invalidated if the price fails to hold its newly claimed structural floor and collapses back inside the core of the flag boundary. A hard stop loss should be placed safely below the mid-line of the consolidation flag, specifically around the 225.00 to 230.00 level. A definitive daily close completely back below 225.00 would act as a severe warning sign of a failed continuation breakout and a bull trap. 5. Time Horizon: Because this technical setup is built on a 1-Day chart capturing a clear structural phase transition and a textbook flag and pole breakout, this is a high-alpha swing trade designed to capture a rapid momentum markup phase over the coming weeks. Let the trend run!
NSE:JINDALSAWLong
by ParamjitMahapatro
3
NMDC: Daily Flag & Pole Breakout1. The Macro Perspective: The Flag and Pole Formation I am taking a LONG bias on NMDC Limited (NMDC) on the daily (1D) timeframe. When analyzing pure market structure on a metals and mining stock, extended vertical rallies must eventually be digested. Following a strong vertical surge from the 78.00 region in late March (forming the "Pole"), the stock entered a necessary cooling-off period. Instead of a deep structural correction, the asset demonstrated immense relative strength by consolidating sideways, carving out a textbook rectangular "Flag" formation throughout April and May. This multi-week digestion phase effectively absorbed profit-taking and allowed institutional capital to systematically accumulate shares at elevated valuations. Documenting these classical continuation bases makes the charting workflow highly repeatable and easy to understand for any new trainees joining our research desk. 2. The Educational Setup: The Flag Boundaries To understand the technical validity behind this macro launch, look closely at how the price structure interacted with its core boundaries: The 93.00 Flag Resistance: The definitive line in the sand for a bullish structural breakout was the solid black horizontal resistance line drawn at the top of the flag near 93.00. This level acted as a heavy supply zone that systematically capped momentum over several weeks. The 87.00 Flag Support: During the sideways consolidation, buyers heavily defended the lower boundary of the flag near 87.00. The price action violently ping-ponged between these two clearly defined levels, squeezing volatility directly beneath the breakout zone and building immense kinetic energy. 3. Current Price Action: Breakout and Volatility Expansion Look at the massive daily candle on the far right of the chart. The structural pressure cooker has officially exploded. Institutional buyers have stepped in with undeniable conviction, backed by a massive volume expansion. The stock printed a towering, full-bodied green candle that has vertically surged to close at 95.31 (+3.18% on the session). This explosive thrust has decisively obliterated the 93.00 flag ceiling. The stock has officially transitioned out of its accumulation base and back into a highly explosive markup trend into fresh price discovery territory. Note: Always ensure your exchange's End of Day (EOD) data files have fully synchronized before confirming the final daily close shape, as evening data synchronization delays can occasionally alter the visual confirmation of these breakouts. 4. The Trade Plan: Entries, Targets, and Risk Management Entry Strategy: Momentum is exceptionally strong with the stock trading vertically out in the open above the breakout line. Chasing an extended daily breakout candle completely outside the flag carries a minor risk of a short-term mean-reversion pullback. The highest-probability entry strategy involves waiting for the initial vertical excitement to cool off. Look to scale into long positions on a potential structural pullback that perfectly retests the broken 92.00 to 93.50 prior resistance zone. Letting old historical resistance prove itself as a concrete new support floor provides an unmatched risk-to-reward ratio. Take Profit (Targets): By utilizing a classical measured move strategy specific to Flag and Pole patterns, we project the depth of the initial flagpole. Taking the depth of the preceding pole (roughly 15 points from 78.00 to 93.00) and projecting it upward from the breakout point, our primary structural target sits comfortably in the 106.00 to 110.00 zone over the coming weeks. Invalidation (Stop Loss): An explosive breakout thesis is completely invalidated if the price fails to hold its newly claimed structural floor and collapses back inside the core of the flag boundary. A hard stop loss should be placed safely below the mid-line of the consolidation flag, specifically around the 89.00 to 90.00 level. A definitive daily close completely back below 89.00 would act as a severe warning sign of a failed continuation breakout and a bull trap. 5. Time Horizon: Because this technical setup is built on a 1-Day chart capturing a clear structural phase transition and a textbook flag and pole breakout, this is a high-alpha swing trade designed to capture a rapid momentum markup phase over the coming weeks. Let the trend run!
NSE:NMDCLong
by ParamjitMahapatro
Multi‑Timeframe Flag & Fair Value Gap ObservationOn the left, the daily timeframe is highlighting a potential flag‑and‑pole structure after a strong one‑sided move.​ Within this leg, a blue fair value gap has been marked, which price has interacted with multiple times, illustrating how an imbalanced area can act as a reference zone over time.​ On the right, the monthly timeframe of the same instrument is added to provide broader structural context to the daily pattern.​ This multi‑timeframe layout is meant purely to show how a lower‑timeframe pattern and an identified fair value gap can be viewed alongside the higher‑timeframe trend without attaching any directional bias. Disclaimer: This post is for educational and illustrative purposes only and does not constitute investment, trading, or financial advice. Always do your own research and consult a registered financial professional before making any trading decisions.
NSE:SANDUMALong
by Averoy_Apoorv_Analysis
BEL (W): Primed for ATH BreakoutBased on Weekly Timeframe, Logarithmic Scale This is a classic "coiling spring" setup. The stock is in a tight, bullish consolidation right below its all-time high. A powerful combination of fundamental catalysts, bullish high-timeframe indicators, and classic volume contraction suggests a breakout is highly probable. 🚀 1. The Fundamental Catalysts (The "Why") This bullish technical pattern is fully supported by a torrent of positive fundamental news, providing a strong "tailwind" for the stock: - Strong Q2 Earnings: On Oct 31, BEL reported a 26% rise in revenue and an 18% rise in net profit for Q2 2026, beating estimates. - Massive Order Inflow: The company is announcing new, large-scale orders almost weekly, including ₹792 crore (Nov 10) and ₹871 crore (Nov 14). This provides high visibility for future earnings. 📈 2. The Dominant Pattern: Bullish Consolidation - The "Flagpole": The stock made a strong move up to its All-Time High (ATH) in June 2025. - The "Flag": Since then, it has been in a sideways consolidation phase , trading in a tight range just ~2% below its ATH. - Drying Volume: Volume has been drying up during this consolidation. This is a classic, powerful sign that sellers are exhausted ("supply has dried up") and the stock is being accumulated. - Recent "Ignition": Last week's +3.04% surge on 73.21M in volume was a significant "ignition" signal, showing that buyers are starting to re-emerge and test the resistance. 📊 3. Confluence of Bullish Indicators The "trifecta" of bullishness on high timeframes is exceptionally strong: - RSI: The Relative Strength Index is rising on both the Monthly and Weekly charts, showing that long-term momentum is firmly on the side of the buyers. - EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on both the Monthly and Weekly charts, confirming the long-term trend is up. 🎯 4. Future Scenarios & Key Levels to Watch The price action next week is critical. 🐂 The Bullish Case (Breakout) - Trigger: A decisive, high-volume weekly close above the ATH resistance (₹436). - Confirmation: This would confirm the end of the 5-month consolidation and the start of a new leg up into "price discovery." - Target: The next logical technical price target is around ₹530 . 🐻 The Bearish Case (Breakdown) - Trigger: If the stock fails to break out and momentum is lost (e.g., due to a broader market pullback). - Confirmation: The stock would need to break below. - Target: A failure would see the stock fall to retest its immediate support level at ₹400 . Conclusion A "wait and watch" approach is ideal, but the evidence is heavily skewed to the upside. The combination of a perfect technical pattern (high tight flag), bullish high-timeframe indicators, and a powerful fundamental story (earnings + new orders) makes this a textbook setup for an ATH breakout.
NSE:BELLong
by Learn_with_Pth0mas
1
UBERUBER has recently exhibited a classic Pole and Flag formation on its price chart—typically a bullish continuation pattern that indicates a strong upward trend after a brief consolidation. The "pole" reflects the steep and rapid price rise, while the "flag" represents the short-term consolidation or retracement that follows. A breakout above the flag’s resistance has been observed, signaling renewed bullish momentum. This breakout suggests that the stock could be entering the next leg of its upward trajectory. A retracement toward the breakout level could offer a compelling buying opportunity, especially for medium to long-term investors. A stop-loss around $69 is advisable to manage downside risk, as this level marks a key support zone. If the breakout sustains, the stock has the potential for significant upside over the next 2–3 years, supported by both technical strength and UBER's improving fundamentals and business growth. Summary : Pattern Identified: Pole and Flag Breakout Status: Confirmed Buy Zone: On retracement near breakout level Stop Loss: $69 Outlook: Bullish; strong follow-through expected over the next 2–3 years
NYSE:UBERLong
by SunilDhawan
Infobean – Triangle Consolidation with Volume SpikeAfter a sharp one-sided rally, the price entered a prolonged consolidation phase. Instead of the usual parallel-channel flag formation, the structure has evolved into a descending triangle with slightly lower highs and marginally lower lows. What stands out is the recent significant volume expansion—often called a “volume buster.” While the shape resembles a pole-then-consolidation setup, the breakout structure and volume shift highlight an important phase change in market activity. I have only created how I would Draw it and try to get some information out of it. (This is a structural observation, not a buy/sell recommendation.)
NSE:INFOBEANLong
by Averoy_Apoorv_Analysis
Flag + W Pattern Combo on Monthly! | #SagCem On Radar🔍 #OnRadar #SagCem (Sagar Cements Ltd.) 🚩 Flag + W Pattern Combo on Monthly! 📈 Chart Timeframe: Monthly & Quarterly (Educational Observation Only) 📊 Technical Structure Overview: A rare confluence of bullish patterns spotted: 🚩 #FlagPattern — classic continuation structure 🔻🔻 #WPattern (Double Bottom) — bullish reversal signal 🔼 Both developing inside a long-term #AscendingChannel 🎯 Potential Pattern Projections: Flag Target: 560+ W Pattern Target: 450+ 🛡 Support Zones: 255 234–209 (Demand cluster) ❌ Pattern Invalidation: Below 155 on Monthly Closing Basis (MCB) 🧠 Educational Note: When multiple bullish structures align on higher timeframes, they often lead to explosive moves—if validated by breakout and volume. ⚠️ Disclaimer: This is not a buy/sell recommendation. Shared strictly for educational and technical study purposes. Always consult your financial advisor before acting on any market insights. #PriceAction | #TechnicalAnalysis | #ChartPatterns | #FlagPattern | #Wpattern | #AscendingChannel | #InsideBar | #LongTerm
BSE:SAGCEMLong
by Stocks_Mario
Flag, Pole and Patience– Learning from the Bigger TimeframeIn trading, patterns on higher timeframes often carry deeper meaning. What you’re seeing in this chart isn’t a forecast — it’s a learning opportunity. Let’s break this down: 🔺 POLE: This sharp rally from 2020–2022 represents a strong burst of momentum. That’s your Pole — it shows clean directional intent from market participants. 🏁 FLAG: After the rally, price didn’t crash — it started consolidating. This sideways or slightly downward structure is known as the Flag. It often appears as a phase of “cooling off” — traders taking profits, new buyers waiting. 📈 RALLY + CONSOLIDATION = Classic Flag & Pole A rally followed by consolidation = textbook flag structure. ⏳ And here’s the takeaway: When viewed on a Monthly (WTF - Way Too Far 😅) timeframe, these patterns take years to form. But that also means they carry weight. No predictions here. Just learning. Understanding market rhythm through structure > outcome can be your edge.
NSE:BORORENEWLong
by Averoy_Apoorv_Analysis
Infosys - Bullish Flag and Head & Shoulder Patterns🔍 1. Infosys Current Price Range and Key Levels Since January 2021, Infosys has been trading in a broad range between ₹1300 and ₹2000, consolidating for over 4 years. Within this range, there are three key support and resistance levels to watch closely: Support: ₹1300 (major floor) Intermediate Resistance/Support Zone: ₹1600 – ₹1650 Strong Resistance: ₹2000 (upper bound) 📈 2. Bullish Flag Pattern: A Bullish Flag is a continuation pattern that forms after a strong upward price move "flagpole", followed by a period of consolidation in a narrow downward or sideways channel "flag". It typically signals a pause before the uptrend resumes. Infosys recently broke out of a bullish flag pattern and crossed above ₹1580 with a strong closing on higher volume, indicating renewed buying interest. Price is currently trading above the 50-day Exponential Moving Average (EMA), confirming the continuation of the mid-term uptrend. However, the zone around ₹1650 remains a strong and key resistance level to monitor closely. 🧩 3. Potential Bullish Head and Shoulders Pattern Above ₹1650 Should Infosys break decisively above ₹1650, it is likely to form another significant bullish pattern known as the Bullish Head and Shoulders. This pattern signals a trend reversal from bearish to bullish and is considered highly reliable. Trend: Appears after a downtrend or consolidation, signaling reversal Touchpoints: Three lows – left shoulder, head (lowest point), and right shoulder, roughly at similar levels Neckline: The resistance line connecting the highs between shoulders and head Timeframe: Medium-term, often forming over weeks up to 6 months Volume: Typically higher volume on left shoulder and head formation, volume dips on right shoulder, and surges on breakout ⚠️ 4. Key Concerns in Infosys Chart Pattern Price-Volume Divergence: During the head formation, volume increased sharply as price fell — indicating strong selling pressure. However, volume was low when price approached the neckline — suggesting weak buying interest to confirm breakout. This divergence signals potential caution. Resistance Zone: Price remains below the key resistance at ₹1650, which has acted as a ceiling multiple times. A decisive breakout is required to sustain further upside momentum. ⚠️ Disclaimer This report is intended solely for educational and training purposes and does not constitute investment advice. Traders and investors should conduct their own research and consult financial advisors before making trading decisions.
NSE:INFYLong
by Arvind_Share_Academy
Infosys Technical Research- Flag and Head and shoulders🔍 1. Infosys Current Price Range and Key Levels Since January 2021, Infosys has been trading in a broad range between ₹1300 and ₹2000, consolidating for over 4 years. Within this range, there are three key support and resistance levels to watch closely: Support: ₹1300 (major floor) Intermediate Resistance/Support Zone: ₹1600 – ₹1650 Strong Resistance: ₹2000 (upper bound) 📈 2. Bullish Flag Pattern: A Bullish Flag is a continuation pattern that forms after a strong upward price move "flagpole" , followed by a period of consolidation in a narrow downward or sideways channel "flag". It typically signals a pause before the uptrend resumes. 📊 2. Infosys Recent Technical Development Infosys recently broke out of a bullish flag pattern and crossed above ₹1580 with a strong closing on higher volume, indicating renewed buying interest. Price is currently trading above the 50-day Exponential Moving Average (EMA), confirming the continuation of the mid-term uptrend. However, the zone around ₹1650 remains a strong and key resistance level to monitor closely. 🧩 3. Potential Bullish Head and Shoulders Pattern Above ₹1650 Should Infosys break decisively above ₹1650, it is likely to form another significant bullish pattern known as the Bullish Head and Shoulders (Inverse Head and Shoulders). Bullish Head and Shoulders This pattern signals a trend reversal from bearish to bullish and is considered highly reliable. Trend: Appears after a downtrend or consolidation, signaling reversal Touchpoints: Three lows – left shoulder, head (lowest point), and right shoulder, roughly at similar levels Neckline: The resistance line connecting the highs between shoulders and head Timeframe: Medium-term, often forming over weeks up to 6 months Volume: Typically higher volume on left shoulder and head formation, volume dips on right shoulder, and surges on breakout ⚠️ 4. Key Concerns in Infosys Chart Pattern Price-Volume Divergence: During the head formation, volume increased sharply as price fell — indicating strong selling pressure. However, volume was low when price approached the neckline — suggesting weak buying interest to confirm breakout. This divergence signals potential caution. Resistance Zone: Price remains below the key resistance at ₹1650, which has acted as a ceiling multiple times. A decisive breakout is required to sustain further upside momentum. ⚠️ Disclaimer This report is intended solely for educational and training purposes and does not constitute investment advice. Traders and investors should conduct their own research and consult financial advisors before making trading decisions.
NSE:INFYLong
by Arvind_Share_Academy
Concordbio: Flag Bo and VCP Setup after 6.5% Surge today.NSE:CONCORDBIO Hidden Pharma Gem Shows Classic VCP Setup After 6.5% Surge - Is Another Breakout Brewing? Well, the Structure looks beautiful, and the Results are tomorrow. Technical Overview: NSE:CONCORDBIO presents a compelling technical setup following a dramatic transformation from a prolonged consolidation phase to explosive momentum. The stock has exhibited textbook volatility contraction pattern (VCP) characteristics, culminating in what appears to be a flag breakout formation. Price Action Analysis: The stock experienced a significant markup phase from August to October 2024, surging from around ₹1,750 to peak levels near ₹2,664, representing approximately 52% gains. This initial thrust established new 52-week highs and demonstrated strong institutional accumulation based on the volume surge during the breakout phase. Following this parabolic move, the stock entered a healthy consolidation phase from November 2024 through May 2025, forming a classic flag pattern. During this 6-month consolidation, the stock contracted its volatility significantly, with price action tightening between ₹2,400 resistance and ₹1,900 support levels. Volume Analysis: The volume pattern supports the technical setup: - High volume during initial breakout phase (August-September 2024) - Declining volume during consolidation (healthy distribution) - Recent volume pickup suggests smart money accumulation - Volume at support levels shows buying interest Volatility Contraction Pattern (VCP) Confirmation The chart clearly displays VCP characteristics: - Initial strong uptrend with high volume (August-October 2024) - Subsequent consolidation with contracting volatility and declining volume - Multiple pullbacks of decreasing magnitude (typical VCP trait) - Volume drying up during the consolidation phase, indicating a lack of selling pressure - Recent volume expansion suggests renewed institutional interest Key Technical Levels: Support Levels: - Primary Support: ₹1,531 (recent swing low) - Secondary Support: ₹1,450-1,500 (psychological level and previous resistance turned support) - Critical Support: ₹1,345 (absolute low, breach would invalidate bullish structure) Resistance Levels: - Immediate Resistance: ₹1,750-1,800 (flag upper boundary) - Major Resistance: ₹2,400-2,451 (previous consolidation highs) - Ultimate Target: ₹2,664 (52-week high) Base Formation Analysis: The stock has constructed a robust 6-month flag base following the initial breakout. This base formation shows: - Tight price action with lower volatility - Volume contraction during consolidation (healthy sign) - Multiple retests of support levels without breakdown - Ascending lows pattern within the flag structure Trade Setup and Entry Strategy: Pattern: Flag breakout from VCP base Entry Zone: ₹1,650-1,680 (on breakout above flag resistance with volume) Confirmation: Daily close above ₹1,700 with 2x average volume Stop Loss: ₹1,500 (below key support and flag low) Risk-Reward Ratio: Approximately 1:2.5 Target Levels: - Target 1: ₹1,900 (measured move from flag pole) - Target 2: ₹2,100 (intermediate resistance) - Target 3: ₹2,400-2,450 (major resistance zone) Position Sizing: Risk 1-2% of portfolio capital given the stop loss distance Sectoral and Fundamental Backdrop: NSE:CONCORDBIO operates in the pharmaceutical fermentation and biotechnology space, specialising in complex fermentation-based APIs and biosimilars. The sector has been experiencing renewed interest due to: - India's growing prominence in global pharmaceutical supply chains - Increasing focus on biosimilars and complex generics - Government initiatives supporting domestic pharmaceutical manufacturing - Rising healthcare expenditure and demand for specialised medicines The company's fundamentals appear supportive of the technical breakout, with the fermentation and biotech segments showing strong growth potential in the post-pandemic environment. Risk Factors: - Broader market volatility could impact individual stock performance - Pharmaceutical sector faces regulatory risks and pricing pressures - Global economic uncertainties affecting export-dependent companies - Technical failure below ₹1,500 would invalidate the bullish thesis My Take: NSE:CONCORDBIO presents a high-probability technical setup combining VCP pattern characteristics with flag breakout potential. The 6-month consolidation has allowed the stock to digest previous gains while building energy for the next leg higher. Current price action near key support levels offers an attractive risk-reward opportunity for momentum traders and swing investors. The combination of strong sectoral tailwinds, solid base formation, and classic technical patterns makes this an interesting candidate for breakout traders willing to accept moderate risk for potentially substantial rewards. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." 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.
NSE:CONCORDBIOLong
by Karanshah137
8
GRASIM- FLAG AND POLE PATTERN BREAKOUT ( BULLISH)GRASIM has formed a FLAG AND POLE pattern on the Daily charts and has given a breakout with good volume. The "flag and pole pattern" in technical analysis is a chart pattern that signals a potential continuation of an existing trend. It's characterized by a sharp, initial price movement (the "pole") followed by a period of consolidation (the "flag") within a defined range. A breakout from this range, in the same direction as the initial pole, suggests a likely continuation of the original trend The target of this pattern signals an upside potential of 15% from the current price level in medium term. Stock is trading above its 11 & 22 day EMA. RSI is at 69, signalling positive momentum. CMP- Rs. 2804 Target Price- Rs 3200 ( 15% upside) SL - 2704 Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
NSE:GRASIMLong
by BullishBrew