Flag and Pole pattern in TATASTEELTATASTEEL has formed a flag and pole formation. It has the potential for a huge move on the upper side.
The pole was a move of almost 50%. Soon after breakout, it could give another move of 50% and test its all time high of around 900.
Could be a good buy and more quantity can be added on dips.
Flagandpole
Short term holding in Ultratech CementHello Friends, Ultratech looks very attractive for the short term holding. it has given flag and pole breakout on a daily timeframe with high volume. MACD is in a positive state on a weekly timeframe and stochastic is also in a positive state on the daily time frame. it is having potential strength for moving upward towards its target.
DrReddy - Last chance to buy before another runDrReddy is getting support at 0.618 fib level and the traded volume is also decreasing. In 1-2 days we may see a spike in volume and which will start another bull run. It is also forming a Flag and Pole pattern. If Flag and Pole breakout happens than Target is 5900++ in coming weeks.
ONGC - Intraday Flag and Pole Hello All,
ONGC gave a breakout yesterday from my levels and is again forming inverted flag and pole pattern. My stance on ONGC is neutral.
Upward movement : Can be traded at breakout at around 67.70 and target of 69 and 70.(According to Pivots)
Downward movement : Can we traded at breakout around 67 and target of 67.25 and then 64. (According to Pivots)
FLAG AND POLE PATTERN Stock has formed a classical flag and pole pattern and has given a clear breakout supported with good volumes and strength in RSI.
A good upside rally could be seen in few upcoming sessions. Let's wait for some price action.
My view: Bullish for short term view.
Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!