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Flagandpole

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
NSE:HAPPSTMNDSLong
by Traders_Town
[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.
NSE:TMPVLong
by Santosh_A_Chavan
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
NSE:LTLong
by KaravaliTradingZone_Official
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.
ULong
by KaravaliTradingZone_Official
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!
NSE:JAMNAAUTOLong
by vickysharma2603
5
Mahindra &Mahindra ALL TIME HIGH!!!MAHINDRA &MAHINDRA has reached its all-time high Price in the Daily timeframe. It is moving in Ascending Parallel Channel from March month on Daily timeframe. On the daily timeframe, it has made four times flag and pole pattern and reached its target also. As we know, when the short-term EMA is above the long-term EMA then the trend is bullish and for the bearish trend, the short-term EMA is below the long-term EMA. Here Short-term EMA i.e, EMA 12 is above the Long-term EMA which is EMA 50 which depicts the trend has been bullish. The RSI have showing divergence on multiple time frames. Disclaimer: This post is meant for learning purposes only. Invest your capital at your own risk.
NSE:M&M
by Immature_Snorlax
Bearish Flag PatternWhat is a bear flag pattern : A bear flag pattern is a continuation pattern that resembles an upturned flag with a pole. It shows a continued bearish downtrend broken midway by a pullback – the upward channel or triangle representing the flag. Criteria: 1. The pattern can be misleading if the retracement or the flag is larger than 50% of the pole.  2. RSI will help you gauge the strength of the pattern and the momentum after it. How to trade it : 1. If the Flag section gets broken upside, It may invalid the pattern. 2. If the Flag section gets broken downside, consider the Pole section price range as the target from the break down point. Check relative strength before entering the trade, It will help you to gauge the strength
NSE:NIFTY1!Education
by OK_Rane
Sportking India Ltd : Darkhorse with Flag and Pole PatternBSE:SPORTKING Flag and Pole Detail Explanation: Flag Pattern is one of the most popular chart patterns, formed by price action, which is contained within a small rectangle or a channel in the shape of a flag. Flags are short-term continuation patterns that mark a small consolidation before the previous move resumes. What is 'Flag' Pattern? A flag chart pattern is formed when the market consolidates in a narrow range after a sharp move. Usually a breakout from the flag is in the form of continuation of the prior trend. Flags give very high risk reward ratio which means relatively small risk and high and quick profits. Flag patterns are an integral part of technical analysis, but successful traders combine it with other forms of technical analysis to maximize their odds of success. A flag can be used as an entry pattern for the continuation of the established trend. Formation of the Flag Pattern > There are pressure areas in a stock chart, which may be a minor support or resistance, or it may even be a minor target point. In this zone some traders book profit; however the trend remains unchanged. This may result in a small swing or the price may remain flat. Both the support and resistance lines are either horizontal or sloping downwards in an uptrend or sloping upwards in a down trend, forming flag. > These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a midpoint of the move. > The pattern has a “flag” appearance because the small rectangle is connected to the pole (the large and swift move). > The move which precedes the flag portion of the pattern (the pole) must be a sharp move, nearly vertical. > Flags are often considered continuation patterns, meaning that the breakout tends to theoretically occur in the direction of the preceding move. > The formation usually occurs after a strong trending move that can contain gaps. > The pattern usually forms at the midpoint of a full swing and consolidates the prior move. Trading with Bullish Flag > Flag Buy Signal - When the price has moved higher and prices have consolidated, creating a channel of support and resistance, a potential buy signal is given when prices penetrate and close above the upward resistance line. > The pattern has completed when the price breaks out of the containing trend lines in the direction of the prevailing trend, at which point it will likely continue its course. > Targets: The length of the flagpole can be applied to the resistance line of the flag to estimate the advance or target area. Trading with Bullish Flag Pattern The sideways period is often followed by another sharp rise. This is where the trading opportunity comes in. Once the flag pole and a flag or have formed, traders watch for the price to breakout above the upper flag/trend line. When this occurs, enter a long trade. Entry : After Flag breakout
BSE:SPORTKINGLong
by FalgunPrajapatiTrading