When the Trend Breaks, Try to Trade With the Trend
BSE: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...
Voltas 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...
Flag Break out of almost a year long consolidation and now today it has retested the breakout... one may go long with StopLoss of today's low Targets : 1st target can be flag length 2nd target can be the length of the pole as shown on chart above. Plan your Trade ! Trade your Plan ! Happy Trading !!!
BSOFT ready to rocket : Breakout candle with volume, backed up by good fundamentals & institution positioning
Nifty 50 has given Flag breakout on 4 hour timeframe
Indian Energy Exchange (IEX) - Daily Flag breakout - 4th wave flag/triangle seems to have ended and it is the start of the 4th wave MACD in the daily wave and weekly tide is uptick RSI is well above 60 in the overbought zone Stochastic 14,3,3 is in positive crossover +DI is above -DI and the ADX is above 15 in the Directional Movement Index (DMI) Seems to be...
Canara Bank (Daily) - Flag Breakout Seems to have entered the 5th wave after the end of 4th wave flag / triangle RSI is above 60 Stochastic 14,3,3 is in positive crossover +DI is above the -DI in the Directional Movement Index (DMI) It will be ideal to wait for the ADX to become uptick as well before going in in this though its value is above 15 On the...
JSW Steel (Daily) Chart Pattern - Flag & pole Current market price - 672 Target - 827 (width of the flag channel according to the post triangle thrust / PTT method) Price seems to have completed ABCDE in the 4th wave as per Elliott Wave Count Now it has broken into the 5th wave (flag breakout)
strong prior move of 70% 4 weeks flat base with shakeout flag pattern volume contraction pocket pivot last session with volume > 50 day AVG good above 536
strong prior move very nice tight flag - 4 weeks volume beautifully contracted also a cup n handle on daily good above 521
7 weeks base. flag. BO today. quiet volume throughout. support from 50 DMA strong prior momentum pocket pivot today good swing trade SL - below 490 TGT - 600
EXPLANATION : This is a 1 hour time frame chart of ICICIBANK . It has formed Bullish Flag Pattern , Flag Breakout and Retest . I am seeing very good opportunity in ICICIBANK . ( use Fiboncci )
NSE:BANKNIFTY A bear flag breakout is evident in the 2H chart. The pole was a decent bear trend down after rejection at the top of the trading range post a failed breakout. The fib level coincides with the demand zone which also happens to be the bottom of the trading range. The higher probability trade however is to go long at the demand zone.
Dlink 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...
Tata steel had a flag breakout on Friday with a strong closing. Looks good for swing/Intraday traders above the previous day high with SL below the BO candle low on clb.
#flagpattern Flag pattern on daily chart Happy LEARNING