Get started

Flagandpolepattern

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
HIGHEST PROBABILITY POSITIONAL TRADING SETUP IN BRITANNIAReasons to BUY now 1.WEEKLY TIME FRAME ANALYSIS: .Breakout from FLAG and POLE pattern / Parallel Channel Pattern with good volumes and is now retesting it with low volumes .RSI is 48 which indicates long term strength .EMA 52 rejection .0.618 Fib ratio rejection 2.DAILY TIME FRAME: .EMA 200 Support .BULLISH engulfing candle pattern after a false breakout of EMA 200. NOTE: This is a positional trade and will take time to perform and give targets...but this is the safest trade one can take in this market.The stock might also give a false breakdown from these levels and then head higher as it is a bull market and an uptrending sector stock... FOLLOW me for more such content ahead...Till then, HAPPY TRADING :)
NSE:BRITANNIALong
by keshevdugar
2
SHIBUSDTThere is a long consolidation or sideways price action seen within parallel channel, when it has given breakout, there was a good intensity of volume at breakout candle, also it was along with trendline breakout in (RSI) relative strength index too, so it was double confirmation as per channel breakout, target should be equal to depth of channel, which was achieved almost double. one can go long in this type of scenarios with stop loss of Low of breakout candle, because there was a good volume. Another breakout seen in flag pattern with increasing volume and rsi breakout same as above, which was again double confirmation. here target as per flag pattern should be equal to highest depth of flag pattern, which was achieved very nicely, one can go long in this type of scenarios with stop loss of Low of breakout candle. These types of patterns are working very wonderfully in any type of stocks, commodities, forex etc. etc. Usually risk reward ratio also allows to trade in this types of patterns. Enjoy Learnings, Thanks. Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
by RK_Chaarts
Prince Pipes Fittings Ltd: Something big is about to happenHere 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 an Inverted Head and Shoulders Pattern and gave a breakout of this Inverted Head and Shoulders pattern with volume. Two bullish pattern breakouts are seen in Prince Pipes. After 4 months Prince Pipes is finally ready to give us a rally. Target 1: 800-805 Target 2: 865-875 Target 3: 1080-1100
NSE:PRINCEPIPE
by Aditya_Pal_Singh