AIRAN Daily looking bullishAIRAN Daily has trendline breakout/flag and pole breakout with 200 ema support on daily candle. Good to buy at 18.45 for target of 30,35 with sl below 16.50
Flagandpolepattern
Aditya Birla Capital Flag Pattern On Daily TFAditya Birla Capital✔ Flag Pattern Formation On Daily TF. Breakout above 156. SL can be kept at the recent swing low for 1:2 RR. Wait for breakout👍
BAC Analysis(Bearish Flag and Pole Pattern)!Bank of America Corporation Analysis on Daily Timeframe!
Bearish Flag and Pole Pattern Formation in BAC
Flag Breakdown in BAC
Bank of America Corporation made Bearish Flag and Pole pattern. We can see the sharp fall in Bank of America Corporation after price made a flag and moving inside the flag. The price given a breakdown to the flag support and able to closed below it. I have marked important levels in chart which is Fib level 1.618 will be act as a possible support level(23.49). For the target I have projected the pole length from the flag breakout point so the downside target would be 19.39.
Trade Psychology and Setup =
Entry = One can enter after Retesting and Aggressive traders can initiate short at current level
Target = Projected Downside Target Will be 19.41
Stop Loss = Above 29.55
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
MRPL Hourly chart looking bullishMRPL Hourly has trendline breakout/Flag n pole breakout. Good to buy at 67.80 for target of 74 with sl below 64.50
EXIDE Hourly looking bullishEXIDE Hourly looking bullish.. having trendline brekout/flag and pole like structure..
Good to buy at 193 for target of 197,202 with sl below 190.50
Gulshan: Formation of FlagNSE:GULPOLY is forming Flag pattern. The target will be equal to length of the distance from bottom till formation of flag. Expected Breakout is upside. Long only after breakout confirmation.
intraday sbin Flag and Pole patternavoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
M_M Great Opportunity - Long With Flag Pattern.M_M - Flag Pattern - Looks like a Great Opportunity.
With SL 1280, we can aim for 1700 target from current price..
Note: I'm not a SEBI registered & This is not a recommendation , this is only for education purpose, please do your own analysis before taking trade.
FLAG AND POLE (ARIES)Price gives breakout of flag patterns on weekly timeframe but candle is too big to enter.
We can enter on alittle correction on 4H timeframe.
CMP : 206
Target 1 : 237
Target 2 : 293
This is not a buy or sell call, this analysis is shared for educational purpose.
RANA SUGAR Daily looking bullishRANA SUGAR Daily has flag breakout/trendline breakout with 200 ema support at daily candle.
Good to buy at 27-30 range for target of 40.50,44 with sl below 23
JK Paper: Bearish Pole&Flag patternIn JKPaper a bearish pole and flag pattern is noticed.
Trade: Buy above 404, SL: 401, T: 407/410
Sell below 400, SL: 403, T: 396/392
Bikaji daily chartBikaji is forming a flag and pole pattern on daily charts with volumes dry up. Potential Breakout on the cards.
Banknifty Bullish Flag Breakout doneBanknifty Spot Bullish Flag Breakout done for long term can look for retest
around 37000-37300 levels for safe players with good risk to reward ratio
for such more analysis s m s 9 1 6 3 3 8 8 9 9 6
Disclaimer : only for educational and learning purpose
Flag and pole formation in IGL. IGL has formed a flag and pole pattern on the daily time frame.
Nifty oil and gas index has been trading around the recent high and IGL stock can give a good moment following the index.
There is bullish moving average cross over on the daily time frame.
3 point confirmation.
1. Flag and pole pattern.
2. Bullish cross over.
3. Index trading near the recent highs.
A swing or intraday trades can be initiated after the break out of the flag.
The view on the stock is bullish and only take a trade on the break out of the flag.
Target :- 440, 460, 471
Stop loss :- 415
Stock will follow the index, keep a look at the oil and gas index too.
[Positional] IGL Long IdeaIGL has created a very good 'Flagpole Pennant pattern on daily basis.
There was sharp upmove observed from the levels of 350 -440 (8 aug - 16 Aug). After that the stock has been consolidating only from last 10 sessions and the range is getting smaller and smaller creating a pennant.
What Is a Pennant?
- A pennant is a type of continuation pattern.
- When there is a huge movement in the stock, it forms a flagpole like structure- a very straight up move of more than 3 huge bullish candles.
- After this strong up move there is a little break to buying and consolidation begins - consolidation creates a triangle shape attached to a pole - called as pennant.
- Pennant formation normally says that there is still some buying left and this is just a break and the trend will again continue in the same direction as the initial large movement if it breaks on the same side as initial trend.
We are supposed to enter the trade once the price breaks out of this consolidation triangle - Pennant. It is advised to only take trades in the direction of the initial trend. Stop loss can be the low of the penannt.
Entry:- 424-430 (whenever price breaks the pennant on daily closing candle basis)
SL:- 402 (low of the Pennant)
Target :- 477
PCBL bullish Flag breakoutPCBL bullish Flag breakout can look for tp of 198-200
disclaimer : only for educational purpose
multi patter tgt would be 1600+Cup and hanlde +flag+ symmetric trangle
sswl is market leader in steel strip wheels and every month sales are increasing can be a multi bagger
[Positional] TATAMOTORS Long IdeaTata Motors was trading in the range of 360- 470 from a long time . Recently the stock broke out of that range 10 sessions bck. After breaking the range this has formed a msall Flag and pole pattern also. TataMotors is really good candidate to go long on,
Entry:- 481 (We will only enter the trade when it crosses the recent swing high of 481 on a daily candle on the closing basis)
Stop Loss:- 459 (adding some buffer from the length of flag to include the support line as well )
Target:- 528 (Immediate target will be 528 )
Target is expected in the next 2-3 months.
Navin Flourine- Formation of flag and pole patternOn hourly chart we can see a flag and pole pattern formation, post breakout, we can see 4800 levels soon. Hold tight.... Bulls will come into action soon.
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
IMPORTANCE OF RISK MANAGEMENT !!Even so much popular patterns such as “FLAG N POLE” are not guaranteed, can fail sometimes. So here position sizing and risk management come into play. One should always follow risk management rules no matter what.
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
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.
