Flagandpole
Reverse Flag Pattern seen in Bank NiftyReverse Flag pattern formation is seen in Bank nifty today.
Flag Pattern basically in simple language a figuratively a pole and flag - drawn on the chart, either straight or reverse.
How does a flag pattern matters in trading? Flag patterns signify trend reversals or breakouts after a period of consolidation. So the important point to note is Bank Nifty is trading at all time high vs Nifty is not supporting in same way so chances of this reverse flag pattern break out are high. Even RSI is falling and on upper side, long can be seen only after crossing todays high.
As shown in the chart a retest to upper trend line can happen and reversal to take place, lets see how this works.
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bearish flag and pole on lti bearish flag and pole seen on the lti if breaking the channel go for sale side also trade on your own risk do not blame me if anything happens
Happiest Minds Long opportunityNSE:HAPPSTMNDS
Stock -> Happiest Minds
TimeFrame -> Weekly
Hello all!
Happiest minds has been consolidating in a flag since July 2021. It finally gave a high volume breakout this week and I believe this makes for a good opportunity to go long!
There are multiple indications that further strengthen my conviction on going long:
-Support from 50-week EMA
-Support from both 200 and 50-day EMA
-Strong bounceback from Golden Fib Zone(50%-61.8%)
Risk Reward ratio also looks decent for going long
*NOT A CALL*
#nifty #happiestminds #technicalanalysis #flagandpole #stocks #trading
[Positional] TATAMOTORS Long IdeaTata Motors was trading in the range of 360- 470 from a long time . Recently the stock broke out of that range 10 sessions bck. After breaking the range this has formed a msall Flag and pole pattern also. TataMotors is really good candidate to go long on,
Entry:- 481 (We will only enter the trade when it crosses the recent swing high of 481 on a daily candle on the closing basis)
Stop Loss:- 459 (adding some buffer from the length of flag to include the support line as well )
Target:- 528 (Immediate target will be 528 )
Target is expected in the next 2-3 months.
LARSEN & TOUBRO 15 Min AnalysisLARSEN & TOUBRO has already given channel breakout in a daily timeframe on 7th July. Currently, it is forming a flag and pole pattern in 15mins time frame, which is a continuation pattern.
Enter trade if the price closes above 1675 with proper candle and volume. Because it was a strong resistance right now.
Possible targets are mentioned in the chart. For Less Risk taker 1645 stop-loss. And for taker 1630.
Do your own analysis before making an investment decision.
NSE:LT
Flag and pole breakout in ujjivan This is best example for Flag and pole breakout in a daily chart frame in Ujjivan fin Ser.
157-163 was a major resistance, stock consolidated in that range and on 26-07-2022 we saw a breakout candle with good volume, which confirmed flag and pole breakout.
Stock has a potential to reach 192 range.
164 should be the first support and 155 will the next important support.
147 range should be the stop-loss.
This is just a view not a recommendation to trade, do your own analysis before taking any trade.
Share your opinion in the comment section, happy trading.
UJJIVAN - SWING TRADEUJJIVAN - SWING TRADE
Long in Ujjivan at 160
SL 152.15 DCB
TGT 173/183
A good RR ratio trade ;)
Jamna Auto Analysis 17 Jul 2022 Hi viewer, hope you are doing great.
I am super bullish in this stock because it looks like flag and pole, if it breaks channel on the upside then, 52 week high will be achieved shortly and trail stop loss for more targets.
And your stop loss will be channel's bottom.
If you see the chart clearly, when ever it comes near the blue dotted line which is a 200 Moving Average support, it goes up.
Disclaimer : I am not a SEBI advisor, please consult your financial advisor before investing.
Thanks.
Have a great day!
Bulls taking charge ?NSE:TATAMTRDVR NSE:CNXAUTO
Technically strong !
Look out if bulls can charge ahead successfully!
Probable upmove coming in IDEAIt is clear from the chart that IDEA has already made a symmetrical triangle pattern
And broke that with a strong bullish candle (Proving strength)
Now it made Flag & Pole pattern.
Which indicates a swing trading opportunity upto 9.35 - 9.50 level. (On the tine of publishing idea LTP was 8.8).
SL 8.20 is a must.
And also the stock is at strong support on weekly timeframe