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Bullish Flag & Pole B/o in UTIAMCGood Morning Friends, A bullish flag and pole pattern emerged on the hourly chart of NSE:UTIAMC the bullish view will be negated if the stock closed below 756 on DCB. So as per the current probablity one take the trade at 786 or below with stoploss of 756 on DCB basis for the 1st target of 816 then 2nd target of 846 and the final target of 876. Exit the position if the stop loss triggered on daily closing basis. The risk reward ratio for the trade is 1:3 DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. i AM EAGERLY WAITING FOR YOU COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:UTIAMCLong
by raigvivek
Indigo can paint your portfolio green!Indigo paints had a bumper listing during its IPO with 100% premium over issue price. However, since its listing, it has been in a downtrend and has corrected to an attractive valuation. The stock has already broken the downtrend and is now looking strong for a new upmove. The targets and SL are given in the chart. One can enter at CMP if his/her outlook is of a longer horizon. Please note that idea is shared just for educational purposes!
NSE:INDIGOPNTSLong
by chartistamey
1
Bullish Flag Pattern Daily chart analysis of Maruti Infrastructure Ltd. showing price has formed bullish flag pattern as a bullish signal, suggesting that the price is likely to resume its upward movement after the consolidation phase. This may be use as opportunity to enter long positions or add to existing positions in anticipation of higher prices. Note for everyone who came across this reference: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BSE:MAINFRA
by hardeepssethi
Continuation Diamond and Flag Pattern formation On Daily Chart two patterns has been noticed recently in CANFIN HOMES: Continuation Diamond (Bullish) and Flag (Bullish) Continuation Diamond (Bullish) - explanation The script canfinhome previously experienced a period of consolidation where the price moved within a specific range. However, the price has now broken out of this range in an upward direction, indicating that the previous uptrend is likely to continue. This breakout occurred after a pattern of higher highs and lower lows, followed by a narrowing of the trading range. This pattern is known as a broadening formation or a diamond pattern, and its upward breakout confirms the continuation of the previous uptrend. Flag (Bullish) - explanation The script canfinhome has recently experienced a strong upward movement, and although there was a temporary pause, the price is now continuing its upward trend at a rapid pace. This pause is often seen in a bullish Flag pattern, which is a pattern that occurs during a strong market rally. This pattern is characterized by two parallel trend lines that typically slope downward in the opposite direction to the prevailing uptrend. The bullish Flag pattern is confirmed when the price breaks through the upper boundary of these trend lines, indicating that the upward movement is likely to continue. Conclusion: downtrend looks minimal before reaching resistance. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:CANFINHOME
by hardeepssethi