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Flagandpolepattern

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
Will DEEPAK NITRITE BreakOut or BreakDown ?DEEPAK NITRITE has been trading in Descending channel for the last few months. However, it is forming a Flag and Pole pattern as per weekly/Monthly charts. The stock has been trading near the channel highs and resistance levels, if it breaks out from these levels, it's likely to reach 3000 levels again. Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing. Happy Trading
NSE:DEEPAKNTR
by jayaprakash99
Flag and Pole Pattern Spotted in ICE MAKE Favorable Risk:RewardNice and Clean Flag and Pole pattern Spotted in ICE MAKE REFRIGERATOR LTD. At first I didn't thought that this pattern will gonna work but when i put weekly Time frame then i saw a Major Resistance From December 2020 which was about to be broken if this pattern work Nicely. As you can see market was in Almost sideways for almost 18 Months and since then it didn't do any good to Investor and now we can see lots of confirmation Align at the same side which tell us to go LONG . You can Hold till 150-160 Level . If you have Any question about this you can comment Below, i will happily like to answer them.
NSE:ICEMAKELong
by Notorious_Trader
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
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
SBILIFE bullish flag breakoutHello traders, SBILIFE has given a flag and pole breakout, it is better for cash segment but can also be traded in derivatives with a strict sl. It seems in a good run so we have our targets marked but it is an uncharted territory. Buy above - 1260 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:SBILIFELong
by this_is_shoaib
RELIANCE a good medium term betShows signs of short term trend reversal (bearish to bullish), and continuation of long term trend of bullish 1) Took support on 200 Day Moving Average 2) reversal from 61.8% retracement level of Fibonacci support level 3) Head and Shoulder pattern neck line Breakout 4) Flag and Pole pattern 5) Trend line Breakout 6) reversal from June Highs of 2375 for Short term Trade, keep stoploss below 2329 and for medium term keep stoploss below 2289 all levels in chart..
NSE:RELIANCELong
by MIRACLE2128
3
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
UPL SWING BUY , FLAG AND POLE1. Flag and pole pattern is clearly seen in the chart. 2. Today on 10th of november it breaks out the flag with a good bullish candle having good volume, higher than 21 day average. 3. Now it may give a retest in before picking up the momentum or continue with no retest. So it is good to enter in the stock now , and add more on the time of retest : Entry : CMP ( 754-774 ) StopLoss : 740 Targets , There are two targets ; 1. The short one is where the trendline of the flag starts 852.40 , so Target 1 will be 840. 2. On holding the stock for more time , second target is based the length of POLE when we measures the length of pole and puts it at breakout level second target comes out to be 1025 ( 38% potential ). Target 1 : 840 , ( RR ratio > 2.5 ) Target 2 : 1025 , ( RR ratio > 8 ) Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:UPLLong
by hjharsh
1