Here is an interesting one. One of my favourite thing to see in a chart is one formation leading to the development of another formation.
Here, on the daily chart, Prince Pipes formed a perfect Flag and Pole Pattern with higher volume in pole formation and lower volume during Flag. It gave a breakout of this pattern and retested the level. In doing so it formed...
Bajaj Finance Ltd. formed a Flag and Pole formation on a daily time frame.
Details are given in the chart itself. View it in detail.
Target 1: 750-770 points
Target 2: 1450-1500 points
on the upside.
The downside level of 7000 will act as psychological support for the price.
Flag and Pole Pattern.
Breakout with good number of Volumes.
How to Calculate Potential Target for this Pattern type breakouts?
1)Measure the Pole Length of the Flag --> Length AB = Point A - Point B.
2)Place the Pole length above Flag breakout Point --> Length CD. Where Length AB = Length CD.
3)Point C will be our Potential Target Point.
Exact flag and pole pattern in Adani Enterprises. Keep an eye on it. Possibility to reach it's all time high again if break out happens. Max target 1717.25. Just sharing what I see in the charts. Don't take it as a tip or recommendation.
L&T formed a flag and Pole Pattern on an hourly chart. The analysis is backed by the increase in the volume of bulls at the time of the formation of the pole and the decrease in the volume of bears in the Flag formation justifying the two most important criteria for Flag and Pole patterns to give a breakout.
Still, it is the stock market so be prepared with arms...
Amara Raja batteries has been on my watchlist since the start of 2021. It gave a beautiful breakout in October 2020 and I was waiting for a retest. Finally, it is happening now.
We can also see that along with a retest of the trendline, it is also consolidating in a flag and pole pattern for quite some time now. The stock is...
I am keeping an eye on Reliance for quite some time now. If you see carefully, Reliance is forming a Flag and Pole pattern and it has been almost an entire year now that it is stuck in the flag.
I'm betting big on the breakout. Quite a safe bet I suppose because SL will be too minimal and Targets would be massive.
I believe this is...
In hourly time frame, I can see 2 patterns:
1. Flag Pole
2. Symmetrical triangle.
For both the patterns, following would be the targets:
1. Break-Out i.e Bullish - 1st Target : 36000
2nd Target : 36200
2. Break-Down i.e Bearish - 1st Target : 35700
2nd Target :...
The flag pattern is used to identify the possible continuation of a previous trend from a point at which price has drifted against that same trend. Should the trend resume, the price increase could be rapid, making the timing of a trade advantageous by noticing the flag pattern.
A flag pattern, in technical analysis, is a price chart characterized by a sharp...
As the title says JSW Steel is making a Flag nad Pole pattern. Wait for it to break its Trendline. In the picture you can see a Flag and Pole Pattern with 3 zones to help you to select your SL and Target.
PS: I'm not a SEBI registered Analyst.