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Flagandpole

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
SLong
by FalgunPrajapatiTrading
Nifty is forming Head & shoulders and Flag & PoleNegative trend has started in Global markets, Fed interest rates hike, raising crude oil prices, end of bull rallies making NIFTY bearish. Nifty is forming head & shoulders pattern according to it we can expect targets as Target1 : 16000 Target2 : 15500 In 1 Month chart we can see Nifty is forming Flag & pole if it break flag Target : 16000 Note: Nifty will not break the patterns now because Government wants to squeeze maximum profits from LIC IPO .So it is possible only in Bullish market so we can expect Bullishness for short term
NSE:NIFTY
by vinay_aravelli
1
BANDHAN BANK RALLY ABOVE 328?BANDHAN BANK HAS BROKE ITS WEEKLY TRENDLINE AND HAS BEEN CONSOLIDATING ABOVE IT. 1.It is hovering above 200 ma 2.Flag and pole type of formation can be seen which is a continuation pattern. 3.Previous swing highs acting as support. 4.RSI and MACD supporting bullish move. Buy above - 329 Targets mentioned in the chart above. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:BANDHANBNKLong
by this_is_shoaib
2
Flag Pattern (Flag and Pole Pattern)A flag pattern is a trend continuation pattern, appropriately named after it’s visual similarity to a flag on a flagpole. Flag patterns can be bullish or bearish. 1. Flagpole: A line extending up from this break to the high of the flag/pennant forms the flagpole. The flagpole is the distance from the first resistance or support break to the high or low of the flag. The sharp advance (or decline) that forms the flagpole should break a trend line or resistance/support level. 2. Flag: A flag is a small rectangle pattern that slopes against the previous trend. If the previous move was up, then the flag would slope down. If the move was down, then the flag would slope up. The price action just needs to be contained within two parallel trend lines. 3. Break: For a bullish flag, a break above resistance signals that the previous advance has resumed. For a bearish flag, a break below support signals that the previous decline has resumed. 4. Volume: Volume should be heavy during the advance or decline that forms the flagpole. Volume contracts during the flag's formation and expands right after the resistance/support breakout. 5. Target: The length of the flagpole can be applied to the resistance break or support break of the flag to estimate the advance or decline.
NSE:PRAJINDEducation
by MandeepSinghKohli
25
DLF (Daily) - Bullish Flag DLF (Daily) - Bullish Flag 4th wave seems to be ending, making way for the 5th wave Stochastic 14,3,3 is in positive crossover +DI has just gone above the -DI in the Directional Movement Index (DMI) indicating the start of an uptrend However before going long / buying, wait for the following to become a reality: (1) Breakout of the resistance line (drawn in red) (2) RSI to go over 60 and enter the overbought zone (3) ADX to become uptick (though it is above 15 as of now) Seems very likely that they will be achieved anytime soon. Do not take anticipatory trade till you see them happening Weekly tide is showing a morning star candlestick pattern formation
NSE:DLF
by Dhiraj_Ahuja