Buy for near term (8-12 trading sessions) targets mentioned on the chart. Fundamentally strong stock - can hold longer for bigger targets.
The stock has closed above the parallel channel. Also, it had closed above its 50 DMA on Thursday 20th May 2021 and pushed higher the next day on the daily chart.
Disclaimer:
The analyses that I publish are solely for...
BankNifty consolidated today after a good rally making a bullish flag
if sustains above 34350, bullish momentum continues.
else if flag broke down, then gap filling possible.
📌 Levels are mentioned on chart for ❝Swing trading❞. NXTDIGITAL Limited (NDL) is the flagship media business of the global Hinduja Group.
The stock has shown high volume along with the breakout from an important resistance level .
▣ Key Highlights:
➨ Time frame WEEKLY 𝓦
➨ Pattern FLAG & POLE
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you...
Stair-Step Patterns
✔The next type of continuation pattern is what we call a stair-step pattern. Like the flag, the stair-step is going to occur after a sharp trend to the upside. For example, the stock will trade sideways for a few days and then surge to the upside. The result is an image that looks like a stair-step.
Its also a trend continuation...
Crudeoil forming Flag pattern after a long waited Ascending triangle break. Its time for the price to break the channel and move forward in todays session.
Stock looks pretty much ready to give an inverse H&S breakout on the weekly charts, stock has also formed a bullish flag pattern on the daily charts, which can explode any moment soon. Stock retraced it's breakout levels of 80 in the previous weekly candle and jumped up again over 10% in the next week, which is also believed to be the classical kind of movement...
Analysis :-
1. Confirm flag pattern breakout, entry confirm.
2. On every dip accumulate.
3. Flag pattern target is always juicy and favorable. The risk to reward here is very juicy and handsome.
4. Diploy not more than 3% to 5% of your capital.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before...
REPCOHOME is creating a flag breakout pattern. Buying at current level can give anything above 357. A similar pattern was identified in HEG LTD and that went huge. Recommendation is to go long with a SL of 323 and target 357+.
Flag breakout. Stock may continue to move up. Next target could be 250-280.
Please note that this trade is for education purpose only. Please talk to your investment advisor before investing.
Post is for educational purpose only. Please consult your financial advisor before taking any trading decision. Always use a stop loss to minimize your risks.
