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Flagbreak

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
Voltas to Attempt BreakoutVoltas previously moved out of flag structure and gave retracement. Now again made 3 white soldiers candlestick Pattern on daily chart. Upside expected towards 1440-1528 with SL 1243 DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description.
NSE:VOLTASLong
by Niftydirection
DLINK INDIA Cup and Handle FormationDlink broken out of flag structure and looks promising. Volume is on the rise and pattern is taking shape of CUP. Cup is usually followed by handle which moves 0.382 Fibonacci levels. Handle may or may not form depends on how much strength stock shows when going near Cup high. Stock targets are usually calculated on CUP height which come around 450 from current all time high 251. Can ride with 137 stop loss with entry near 160. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description. -------(((((Please LIKE or Comment)))))-------
NSE:DLINKINDIALong
by Niftydirection
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