Flagbullish
Bitcoin Strategy: Cup & Handle, Flag Pole, Parallel ChannelIf you're aiming to maximize gains using multiple setups across different timeframes, this strategy combines three powerful patterns: the Weekly Cup & Handle, Flag Pole, and Daily Parallel Channel. Here’s how to execute this structured approach for optimal entry, exit, and profit potential.
Weekly Cup & Handle
Timeframe: November 15, 2021 – October 14, 2024
Breakout: Achieved on October 14, 2024
Target: 82,000 (same as the Flag Pole)
The breakout from this long-term Cup & Handle pattern suggests strong bullish momentum and a solid foundation for long-term gains. This setup aligns with the target and stop-loss criteria from the Flag Pole pattern for a consistent strategy.
Weekly Flag Pole Pattern
Timeframe: October 16, 2023 – March 11, 2024
Target: 1 lakh
Stop Loss (SL): 66,000 (below the last swing low)
The weekly Flag Pole pattern reinforces the Cup & Handle trend, providing a shorter-term opportunity within the larger uptrend. Enter in tranches to capture initial momentum and add on pullbacks.
Daily Parallel Channel
Timeframe: March 5, 2024 – October 18, 2024
Breakout: October 18, 2024 (retest completed)
The breakout and retest of the daily Parallel Channel on October 18 offer a shorter-term entry point. Targeting 1 lakh on this setup aligns with the long-term patterns, with Target 1 at 82,000 and Target 2 at 1 lakh.
Execution Strategy
Enter in Tranches: Start your position now and add on each pullback.
Confirm Pullbacks: Look for a reversal on the daily candlestick pattern after each pullback.
Manage Risk: Keep the SL at 66,000, set below the last swing low, to protect your capital.
Summary of Targets
Target 1: 82,000 (aligned with Cup & Handle and Flag Pole)
Target 2: 1 lakh (Parallel Channel breakout)
By combining these setups, you capture both long-term and short-term price movements, maximizing your potential for profit while managing risk effectively.
Bullish Flag Pattern about to Break on WeeklyNSE:CHAMBLFERT The Bullish flag pattern Breakout will be confirmed after a sustained move above 543 and the stock may move toward the pattern target of 768 after the breakout keeping a stop loss of 473.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
A STRONG BREAKOUT STOCK - INOX WINDNSE:INOXWIND
❇️ Strong breakout on weekly chart.
❇️ Flag and poll pattern in 30mint time frame.
❇️ Stock can achive 250-270 targets in upcoming days.
❇️ Short and log terms targets 300+.
❇️ Nearby support 215-220.
❇️ Above 236 we can see a real move🔥
👉🏻 thetradeforecast 🇮🇳
NATCOPHARM - FLAG AND POLE FORMATION IN PROGRESSHi All,
This idea is extension of existing idea on Natco Pharma which formed Cup and Handle
Interestingly the price action has formed a FLAG AND POLE formation with price action getting tighter & tighter with shrinking volume.
Flag Breakout may happen anytime soon & till then investor is advised to be patient.
Results are also expected & so market might be waiting for some earnings surprise
Thanks,
Stock-n-Shine
spal break all records of returns for his long term investors SPAL is perfect example of follow technical parameters. That share holds pure trend line breakout holds W pattern and holds life time triple top monthly breakout and above to that holds strong support zone + flag pattern breakout which show that 680 share price
DOUBLE his share price in next 3 to 5 month almost 1200 and my target for that share 2200 in next 2 year
technical points
1- Flag pattern breakout
2- follow trend line breakout
3- triple top breakout on monthly and that is also his support zone
TRG
1st TRG - 800
2nd TRG 1200
FINAL TRG 2200 almost 4 times of his current value in next 2 year may be he will achieved his TRG very early according to my time frame
STOP LOSS 498
ITC: Charting the Path to Smart Investments!A Flag pattern breakout in ITC!!
The mamoth is ready for more upside, it has the possibility to almost double from here!!
Pole height : 300 points
Breakout point : 455
Price where it can reach due to the pattern breakout : 754
Return Expected : 65-70%
Strong Volumes as well !!
ITC: Charting the Path to Smart Investments!A Flag pattern breakout in ITC!!
The mamoth is ready for more upside, it has the possibility to almost double from here!!
Pole height : 300 points
Breakout point : 455
Price where it can reach due to the pattern breakout : 754
Return Expected : 65-70%
Strong Volumes as well !!
Another Flat week or a breakout is coming in Indexes ?Nifty and Bank nifty have been trading in the range for last whole week. It was due for a sideways movement after a massive movement in the Election result week.
Nifty above 23550 level will open for a new zone and head towards 23900-24200-24800, down side is majorly capped as of now till 23200-23000 level.
Bank nifty above 50500 will open doors for 51200-51800, down side again has a good support at 49600 level.
Trend is mixed but having a minor downside trend.
LONG SETUP IN MAZGAON DOCKA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of NSE:MAZDOCK
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Flag and Pole
Technical Indicator :- Positive MACD Crossover
Wiil this PSU stock breach it's Life high ?Hi,
I am here again, with a brilliant weekly flag breakout PSU stock and it is $NSE:ENGINERSIN.
It has given a clear breakout on weekly charts with very good volume. MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. After considering all these facts, the conclusion is this that it is a successful breakout.
In the current market senario I am expecting that the bullish momentum will continue. Complete price projection mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: This idea is for Edcational purpose. Please consult your financial advisior beforre making any investment decision.
Flag Breakout in PSU Metal Stock with 20% upsideHi,
NSE:SAIL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and monthly time frames.
RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
IRCTC Bullet Train Started IRCTC
Looks good in Parabolic uptrend pattern. Also good for Long term investment.
Expected tgts are
Tgt 1 : 1285± (Short term)
Tgt 2 : 1314±
Tgt 3 : 1743± (Longterm)
Shared it for educational purpose based on chart pattern and My STUDY.
This is not a BUY or SELL RECOMMENDATION from my side
Do your analysis from your side also.
Nifty Poised for a Strong Move !!Several bullish patterns are seen in the the charts, Bullish hidden divergence on weekly basis, along with breakout from Inverted Head and shoulders, a W pattern formation.
Once breakouts are done from these formation Nifty will try and touch 22900-23300-23800 levels very soon !
Support area is 22300-22125 level
BITCOIN first 70k then 55k & then Bullish#Bitcoin at Daily Chart Analysis
CRYPTOCAP:BTC market is still in volatility mode, and has made its lower-high but is currently in almost the last leg of the uptrend cycle with some ups of $3k-4k and it will be soon make its higher-high on the daily chart at $68k-$70k. Will completed..!
After that, its last down cycle will run, which will at least retest the previous level of $56k here or it can also break-out and will go to $55k to GETTEX:52K for the last timer lower-low. Into next 20-25 days..!
After that, Bitcoin's #BullRun cycle will start completely in Uptrend mode from here, which will run on #Elliott Wave Cycle for the next 6-8 months..!
Rest, do your research and invest and trade by using #DYOR & #StopLoss
and,
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