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Flagandpole

What is Bullish Flag Pattern?What is a Bullish Flag Pattern? The bullish Flag pattern is usually found in assets with a strong uptrend. It is called a flag pattern because it resembles a flag and pole. Pole is the preceding uptrend where the flag represents the consolidation of the uptrend. How does Bullish Flag Pattern? The flag pattern resembles a parallelogram or rectangle marked by two parallel trendlines that tend to slope against the preceding trend. Phase 1: Preceding Uptrend When there is an extreme demand in prices there is an uptrend. It continued as the demand increases. Phase 2: Flag After the sharp uptrend when supply increases more then the demand prices move to the consolidation phase or flag phase. This acts as a small price channel. Phase 3: Uptrend Continuation As the flag is a pause in an uptrend, as prices consolidate investors again start to show interest in the asset which eventually leads to heavy demand again which further leads to a breakout and uptrend continuation. Role of Volume: Volume plays a vital role in the completion of the Bullish Flag pattern. When in a preceding uptrend the volume is quite higher. In the flag phase, the volume starts to go down as investors are least interested to buy and sell that particular asset. And again on the breakout, the volume surges. Volume with Breakout gives a good indication of a successful uptrend. Above Chart Explanation: This is 4H chart of SOLUSDT We can see a good preceding uptrend with great volumes. Then after the uptrend, we enter the second phase the flag phase we can see perfect bounce and retracement from upper and lower trendlines or flag with diminishing volumes. And again a breakout with good volumes. Here could be the two possible entries one at the bottom of the flag that gives us a very low-risk entry if it breaks the flag we exit. And second entry can be at breakout, first, we have to confirm that the breakout is legit for that we can look at the volumes rising volumes to confirm that the breakout is legit. Usually, we should target the length of the pole after the breakout. Conclusion: Bullish Flag is a continuation pattern it occurs quite often on charts and is one of the most reliable continuation patterns. Comment your thoughts on Bullish Flag Pattern in the comment section below. Disclaimer: This is just an educational post never trade just any pattern. And please do your research before making any trades. PS: We are again publishing this for our Indian Audience Happy Trading!
Education
by Coinlog
3
JSW Steel forming Flag and pole patternThis stock looks good, if it gives a successful breakout with good volume Levels are already mentioned in chart. - Once given a successful breakout .. it looks good above 710 for immediate target of 735-40 and 2nd target of 770+ and T3 of 800+ Things to remember 1) Always wait for Confirmation, don't just jump in running candle 2) Condition for breakout is ... it should break the range with big green candle with good volume 3) There is 90% chance after a successful breakout, it should comeback to Re-test the support, which was once resistance 4) Always keep trailing Stop loss. Note : I am still learning .. let me know if i missed anything Disclaimer : This is purely for education purpose only
NSE:JSWSTEELLong
by r-ya
IGl has Created Both Flag & pole + Rounding bottom patternHi guys ... As shown in the chart IGL has formed both Flag and pole + Rounding Bottom Pattern and it looks good only above 578- 580 Targets can be the 100% of the depth of the rounding bottom pattern and Target 2 will be 100% of the length of the pole .. -- Things to remember --- Breakout should be done with Good volumes --- Once breakout done .. it can come back to retest the support which was once resistance ... -- Please wait for the confirmation ... so for being Safe side buy 1-2 points above the mentioned levels - Note : I am still a learner ... Do let me know if i miss something - Disclaimer : - This is Just for Education purpose only
NSE:IGLLong
by r-ya
HFCL - Rectangular Flag and Pole breakout Entry - CMP (72.6) breakout was 67.85 Target1: 86.1 Stop Loss: 63.7 (Daily Close). Will Update Trailing Stop loss whenever required. Duration: 1-2 months 2nd Time Sharing this Script since it went well last time and hoping it to go well this time too, since Script has shown Slightly Stronger Technical Pattern this time. (Rectangular Flag and Pole) Technical Stock is showing Rectangular Flag and Pole breakout with increased Volume . Fundamentally Script is trading around Fair to Slightly Higher Valuation but since we are in bull market we can expect Over valuation of low Debt companies too. Previous View Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position. Please like Share and Comment if you like our work. Please do your Risk and Portfolio Management Properly.
NSE:HFCLLong
by SagirKazi
3
ADANI LONG 24TH JUNELet's keep it short and simple we can see flag and pole pattern in this stock can see a bull run in the coming month itself till 1700 level also since Adani is one of the FAV stock of FII and DII so we are not expecting and bearish move as if now in fact the volume has been increased as compared to last time few important levels to look out there is a support zone @1488-1479 that will be acting as SL in this trade the target of @1700 this move will be executed in 7 days period or less than that ill be updating all the information required about this stock in coming days TRADE 1) can go with equity with the Sl of 30 points to be on the safer side and a target of 200 points 2) can buy a NAKED CALL OPTION but it should be in the money ( ITM ) cause even if the stock remains in the same range you won't face any decay in your strike price 3)can buy BULL CALL SPREAD this is the safest way to capture the move since your maximum loss is limited in this strategy DO FOLLOW YOU RISK TO REWARD RATIO Disclaimer- I am not SEBI registered advisor. All views shared for educational purposes and should not be considered advice of any nature. Learn and Earn.
NSE:ADANIENTLong
by Siddhesh28
1