Flag and Pole Pattern.
Breakout with good number of Volumes.
Study Tips:
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.
**Above all...
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.
HDFC BANK formed a Flag and Pole on the hourly chart.
Price took resistance from the recent high of 1560-1565 and is now consolidating in the Flag formation.
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...
NSE:AMARAJABAT
Hello People!!
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...
NSE:RELIANCE
Hello People!!
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...
Hi Traders,
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.
👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
This stock looks good, if it gives a successful breakout with good volume
Levels are already mentioned in chart.
- Once given a successful breakout .. it looks good above 710 for immediate target of 735-40 and 2nd target of 770+ and T3 of 800+
Things to remember
1) Always wait for Confirmation, don't just jump in running candle
2) Condition for breakout is...
