ELGIRUBCO breaking out of C&H!⚠️Risky Bet.
1⃣Entry: Above 143. Safe to wait for day closing.
2⃣SL: 113.7 Closing basis. Risk is 22% so trade very light or tweak SL as per your appetite.
Technicals:
1⃣C&H on on DTF.
2⃣Volume Buildup with price movement.
3⃣Good Relative Strength
4⃣Wide Range Candles.
Risks ⚠️
1⃣Circuit stock(LC/UC)
2⃣Bearish Market.
The chart is shared for educational purposes only. Please do your due diligence.
Flagandpolepattern
flag and pole pattern breakoutStyrenix performance ltd has formed and successfully broke the pattern.
The breakout in the pattern can be seen with rising volumes which indicates strong buyers hold.
Along with short and medium term, long term momentum is also strong according to indicators. Positions could be made with minimum expectation of 1:3 R:R.
Flag and Pole Pattern with 20 WEMA SetupNSE:TORNTPHARM has made a Pole and Flag Pattern on a Weekly Timeframe with 20 WEMA on the lower edge of the flag.
If a Bullish flag pattern Breaks Out above 3600, the stock may move toward the pattern target after the breakout which is 4560. Keep a Stop Loss of 3250.
NSE:TORNTPHARM is a leading Indian Pharmaceutical Company engaged in the research, development, manufacturing and marketing of generic pharmaceutical formulations, and gave a good Q2 FY 24-25 Resluts Recently.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Flag and Pole Pattern in V-mart RetailNSE:VMART a Flag and Pole pattern is forming in V-mart Retail, it is in an Uptrend Currently and High Possibility that it will break the pattern and continue the upward trend.
If a Bullish flag pattern Breaks Out above 4500, the stock may move toward the pattern target after the breakout which is 5420. Keep a Stop Loss of 4050.
NSE:VMART is engaged in the business of Value Retailing through the chain of stores situated in various cities in India. It will Announce results in a few days of Q2
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Flag and Pole Pattern After Reversing from a SupportNSE:THERMAX is making a Flag and Pole Pattern on Daily Charts after Reversing from a Strong Support Zone on the back of the news that NSE:THERMAX is going to ACQUIRE 100% STAKE IN BUILDTECH PRODUCTS FOR APPROX. 720 MILLION RUPEES.
A Breakout of the Flag will give a Bullish Momentum to the Stock Ahead.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Ask Automotive : Breakout Stock#Askautoltd #vcp #Flagpattern #chartpattern #breakouttrading
ASK AUTOMOTIVE LTD : Swing Trade
>> Basing Patern at 10EMA (VCP Forming)
>> Flag Breakout
>>Trending Setup
>> Good Strength & Volume Rising
>> Upside Potential upto 16%
Swing Traders can lock Profit at 10% and Keep trailing
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Disclaimer : Charts Shared are for Learning Purpose, not a Trade Recommendation
Wanbury : Flag Breakout#wanbury #chartpattern #flagpattern #flagandpolebreakout #trendingstock #momentumstock #breakout #swingtrade
Wanbury : Breakout Soon
>> Flag Breakout
>> Trending stock & Setup
>> Good Strength
>> Volume Expansion soon
>> Upside potential upto 25%
Swing Traders can Lock profits at 10% and keep trailing
If u like the Analysis, Like it, boost it, Follow us for more
Disclaimer : Charts shared are for Learning purpose not a Trade Recomendation.
A STRONG BREAKOUT STOCK - INOX WINDNSE:INOXWIND
❇️ Strong breakout on weekly chart.
❇️ Flag and poll pattern in 30mint time frame.
❇️ Stock can achive 250-270 targets in upcoming days.
❇️ Short and log terms targets 300+.
❇️ Nearby support 215-220.
❇️ Above 236 we can see a real move🔥
👉🏻 thetradeforecast 🇮🇳
ITC Flag & Pole patternThe stock has formed flag & pole pattern on the monthly chart.
One can enter above 511 with a strict Stoploss of 422
Target 1 - 599
Target 2 - 640
Target 3 - 697
All levels are mentioned in chart.
#LONGTERM TRADE
#FUNDAMENTALLY STRONG STOCK
#ITC
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Multipattern Analysis on IDFC First Bank!NSE:IDFCFIRSTB Analysis!
Multipattern Analysis on $NSE:IDFCFIRSTB!
Analysis on a Weekly Timeframe!
Analysis:
I have done the overfall analysis of IDFCFIRSTB since its inception. It looks very complicated but if you know all the patterns it is just like anything. I have combined all the patterns with the Support and Resistance Trendline. Don't get confused. Read the chart thoroughly and you'll get a better idea of where to enter and where to exit. As you can see in Chart 3 most important reversal patterns are there.
1) Triple Bottom Pattern 2) Double Bottom Pattern 3) Inverted Head and Shoulders Pattern
Now the price is moving in a parallel channel but we can see the Flag and Pole Pattern Formation is going on. Aggressive investors can enter at current price levels as the price is above 50EMA. But my suggestion would be to enter only after the upside channel breakout.
Trade Setup:
Entry= Current levels are good for aggressive investors. Conservative investors can enter after Flag/upper channel breakout
Target= Nearest Possible Target would be 100.70(New All-Time High Level)
Stop Loss= Below 75.66
Disclaimer = Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Investment dividend stock near support!Petronet LNG is an investment stock with amazing dividend yield and a TTM PE ratio of around 10 at CMP of 222.
The chart of stock is quite simple. The stock is consolidating since 2017 but has continuously took support from a trendline which was earlier a resistance.
The stock is currently available at a strong demand zone which is the confluence of it 200 week EMA and 50 week EMA.
The stock is attractive at CMP and can also be added on dips uptill 205. SL can be a weekly closing below 190 and Targets can be 240,257 & 270.
If the stock sustains above the supply zone of 270-280, we can see a flag-pole breakout which can take the stock to new highs . So keep this stock in radar for long term purposes as well.
Note:- Idea has been shared for educational purposes only and should not be considered as a recommendation.
NATCOPHARM - FLAG AND POLE FORMATION IN PROGRESSHi All,
This idea is extension of existing idea on Natco Pharma which formed Cup and Handle
Interestingly the price action has formed a FLAG AND POLE formation with price action getting tighter & tighter with shrinking volume.
Flag Breakout may happen anytime soon & till then investor is advised to be patient.
Results are also expected & so market might be waiting for some earnings surprise
Thanks,
Stock-n-Shine
Mayur Uniquoters : SWing Trade#MAYURUNIQ : #Breakout Candidate
>> #Trending Setup
>> Flag Structure
>> Good Strength & Volume Contraction
>> Low Risk High Reward
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
BEPL : Breakout Candidate (Holding 1-3 Months)#BEPL #Swingtrading #trading #patterntradinng #chartpattern
BEPL : Positional Trading (Holding 1-3 Months)
>> Breakout Stock
>> Monthly Cup & Handle Breakout
>> TWS + Flag pattern + FVG Visible on daily
>> Trending Stock in Momentum
>> Good Strength & Volumes Recently
>> Big Player Entered in stock
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
IRCTC Bullet Train Started IRCTC
Looks good in Parabolic uptrend pattern. Also good for Long term investment.
Expected tgts are
Tgt 1 : 1285± (Short term)
Tgt 2 : 1314±
Tgt 3 : 1743± (Longterm)
Shared it for educational purpose based on chart pattern and My STUDY.
This is not a BUY or SELL RECOMMENDATION from my side
Do your analysis from your side also.
ASIANPAINTASIANPAINT
bottom fishing stock . strong buy for long term
this time is Recommendation ACCUMULATE
my study point
Asian Paints is the largest home decor company in India.
1) Company has a good return on equity (ROE) track record: 3
Years ROE 26.1%
2) Company has been maintaining a healthy dividend payout of
58.4%
3) good support zone
holdings :-)))
a) Promoters 53%
b)FIIs & DIIs 28%
c) Public 19 %
main ponit is Government hold 0.06% stakes
Sector: Paints/Varnish - Top one
Industry: Paints / Varnishes - Top one
A) Sharekhan recommended Hold rating on Asian Paints with a target price of Rs 3490 in its research report dated January 17, 2024.
B)Motilal Oswal recommended Neutral rating on Asian Paints with a target price of Rs 3340 in its research report dated January 18, 2024.
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UNO Minda : Momentum Trade Ideas#unominda #swingtrade #momntumtrade #patterntrading #flagpattern #trendingsetup
Uno Minda : Momentum Trade
>> Flag Breakout move
>> Trending setup
>> Momentum Stock
>> Low Risk High Reward Trade
Start Trailing tightly after 8% move or Book Partial Profits
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Technical Analysis for IDFC First BankChart Pattern: Flag and Pole
Entry Activated: Buy at Current Market Price (CMP) ₹84.80
Stop Loss (SL): ₹73.50 for risk management
Targets:
Target 1: ₹120
Breakeven: ₹100
Monitor price action and adjust stop loss to breakeven as the trade progresses. Evaluate for potential target achievements based on the chart pattern.
#IDFCFirst #TechnicalAnalysis #FlagAndPole #StockMarket #TradingStrategy #StopLoss #Breakeven
Mr. Engineer is also ready to enjoyIntroduction: Engineers India Ltd (EIL) is a leading global engineering consultancy and EPC company. Established in 1965, EIL provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries.
Today, EIL is a‘Total Solutions’engineering consultancy company providing design, engineering, procurement, construction and integrated project management services from ‘Concept to Commissioning’ with highest quality and safety standards. EIL’s QMS, OHSMS and EMS are certified to ISO 9001, ISO 45001 and ISO 14001 respectively.It also provides specialist services such as heat and mass transfer equipment design, environmental engineering, specialist materials and maintenance and plant operations and safety services.
EIL’s technological excellence is driven by more than 2400 engineers & professionals in a competent employee base of over 2800 employees as on March 31, 2021. The availability of technical resources per annum is about 4.5 million man-hours in EIL’s design offices along with1.5 millionman-hours of construction management services.
A Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:ENGINERSIN
It may face some challenges near 13 year long falling trendline region but it break it out surely.
The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price.
MACD gave Positive crossover on Daily chart and Monthly chart and on weekly chart, it is expected to move towards the positive territory. So, expecting the momentum to continue.
One can look to create a fresh position in the scrip near Rs. 237-247 levels with the stoploss of Rs. 220 on weekly closing basis. The 1st target will be 161.25 , 2nd target will be 174.60, 3rd target will be 188.60, 4th target will be 202.20 and the fifth and the final target will be 215.70
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
SWING IDEA - SPARCThere is a swing opportunity in SUN PHARMA ADVANCED RESEARCH COMPANY .
Reasons are listed below :
Flag and Pole pattern.
0.382 Fibonacci support.
higher highs are being made.
Strong consolidation phase of 5years.
Increased volumes.
Target - 423 // 463 // 530
StopLoss - Daily close below 357