Buy Icici Lombard only above 1496-1497 (Closing Basis) with Stoploss of 1400 (Previous swing Low) target 1735 Study : Stock is forming Pole & Flag Pattern after Breaking previous Resistence. now if you see closely.stock is taking exact resistence from 1495 level.. Just see candles of (4th December High..,14th,16th,17th and 24th Dec High.., + on 15th Dec...
NSE:ESCORTS Buy above 1236 Target : 1396 SL: 1150 Risk is yours and Reward is yours totally
Hi friends, Nifty is @ very interesting & massive immediate near suuport level 11650. & making one of most beautiful Flag pattern... lets see where the nifty goes.. the price is alomost @ flag bottom support. Discalimer: this is only for educational purpose , You can initiate any position at your own risk.
IDFC is forming the bullish peanut flag and it's near to breakout, Wait for the breakout confirmation.
We can see a clear flag pattern formation. If market sentiment is positive, this can breakout.
Let’s see what happens, bearish flag indicates the price will fall but RSI divergence tells another story, it will invariably fall but let’s see how much it goes up before fall.
RSI has entered into an overbought zone. The emerging chart pattern on the other hand is bullish flag pattern which is a bullish continuation pattern. However, overbought RSI contradicts any upward move as the stocks is overbought. What price target one can therefore consider?
HDFC seems to have formed a bullish flag pattern on a daily candlestick which is more prominent on a weekly candlestick.
NSE:TECHM on breakout above 720 we can see 770 840 sl 690
NSE:MGL add till 971 with SL of 950 T 1015 1030 1055 TF 10 days
NSE:ADANIPOWER buy between 63 - 63.7 SL 61.8 T 66.4 68.6 71.7
RVNL Flag Formation and Breakout on Daily Chart, Target- 31 and above, Stoploss- 25.6
BPCL breaks down after a period of consolidation. Apparently, price action is showing a Bear Flag pattern, which will be confirmed if the running candle closes below 376.40. Target of the pattern comes in at 334 levels.
Flag and pole breakout on Aurobindo chart on weekly basis Next target is 1000 1200 1400 1600 its investment picks