Flagformation
Genus Power Daily Flag BreakoutA Flag and Pole Breakout structure is visible on the daily chart of NSE:GENUSPOWER with very good voulme. Expecting it countnue its uptrend and may reach my target in very short span of time(my be within two weeks) Risk reward ration is also favourable. RSI on Daily and Weekly chart both are bullish.
------------------Entry@172
Exit@157(DCB)
---------------------------------Target1@187
----------------------------------------------------------Target2@202
------------------------------------------------------------------------------------Target3@217
xit the position if the stop loss triggered on DCB.
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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.
EIH Bullish Bias 40% Upside PossibleSoon to be a blockbuster Stock
Consolidation was happening and the moment it went down from 200day EMA it pulled back
The Steam is still pending
Anchored VWAP also indicating a stop loss of 185s
Aim to buy when the stock pauses
It has a typical behavior of pausing after an upmove
Flag Pattern Potential 35 to 40% upside
Bullish Flog & Pole B/O on DTF in ICILFriends, as our markets have given a positive breakout and closed above the previous life high on weekly closing basis. Therefore I am expecting this bullisness to continue for the comming months and thus we can see a good appriciation in the Midcap and Samallcap Stocks going ahead.
Presenting a Fresh bullish Flag and Pole Breakout on Daily TF with good volume. One can create a fresh postion in the scrip at 206.95 with a stop loss of Rs. 193 for a target of Rs 242. Exit the position if the stop lss triggered on daily closing basis.
The risk reward ratio for the trade is 1:2.5.
Expecting a small favour from you to like, sahre and prmote the idea.
Your comments are most welcome.
Indigo Paints Weekly Flag BOA bu;lish Flag and Pole Pattern has been observed on daily charts in NSE:INDIGOPNTS one can look into it to create a fresh position in the scrip at cmp of 1500 or below with stop loss of 1420 and for targets of rs 1575/1650/1725/1800/1875
Exit the position if the stop loss is triggered on WCB.
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I AM EAGERLY WAITING FOR YOUR 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.
UPL Wait for BreakoutUPL on Monthly longer time frame is creating multiple pattern on various charts.
Two significant pattern visible is Flag pole and Diamond pattern.
Hence it can breakout on either side
If breakout on upper side then target of 991 is expected
If breakout on lower side then target of 508 is possible.
currently good for trading the range unless breakout occurs and sustains on closing basis.
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.
An Analysis in Harmony Top-Down Approach chart studyHello Friends,
Today, we have something special in store as we take a top-down approach to analyze a specific stock - Tata Communications in the world of trading. By employing this multi-time frame method, we'll be diving into various charts, starting from the big picture down to smaller timeframes.
Before we begin, please remember that trading carries risks, and past performance does not guarantee future results. The analysis we're about to discuss is for educational purposes only and not financial advice.
Alright, let's kick off our analysis with the big picture - the monthly chart of Tata Communications. Here, we've identified an exciting Elliott wave count - the third wave of the fifth wave. According to Elliott wave theory, markets move in a series of five waves in the direction of the main trend, followed by three waves in a corrective direction. The third wave is well known for its strength and often the longest in a trending market. So, on the monthly chart of Tata Communications, we're witnessing this powerful third wave within the fifth wave, indicating potential significant moves ahead for the stock.
Next, we'll move down to the weekly chart to gain more insights. On this timeframe, we observed a thrilling development - the "inverted head and shoulders" pattern. This pattern aligns perfectly with the larger Elliott wave count on the monthly chart, supporting the idea of a trend reversal and a potential new uptrend for Tata Communications.
Finally, we'll zoom in even closer to the daily chart. Here, we have another intriguing pattern - a "flag and pole" pattern in the forming stage. This daily pattern further reinforces the notion of an upcoming bullish move for Tata Communications, in line with both the weekly inverted head and shoulders breakout and the monthly Elliott wave count.
On daily time frame Flag and pole chart patterns, flag in formation and still breakout is pending
By utilizing the top-down approach, we've gained a comprehensive understanding of Tata Communications' potential direction. The monthly Elliott wave count provided us with the big picture, the weekly inverted head and shoulders confirmed the trend reversal, and the daily flag and pole pattern hinted at a continuation of the upward movement for the stock.
But remember, trading involves risks, and there are no guarantees. So, it's essential to approach it with caution and use risk management strategies to protect your capital.
In conclusion, we've taken a top-down approach to analyze Tata Communications, considering the monthly Elliott wave count, the weekly inverted head and shoulders breakout, and the daily flag and pole pattern in the forming stage. Keep a close eye on these patterns and the stock's price action, and remember to trade wisely and make well-informed decisions.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Thank you for joining us on this exciting trading journey !
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Nifty levels for 19th JulyGood Morning Traders, Yesterday was a good day for everyone i think right, except Hero Zero Trade of Fin NIfty, am i right? Because we had got momentum for both side. Okay now let's focus on today's scenario.
Nifty is going to form a bullish flag pattern i think. Just assuming but we will trade according to price action. If there will be bullish flag pattern we will wait for breakout to enter for grabbing momentum. Global scenario is looking mixed till now, American market have given best intraday closing yesterday. Asian market struggling as Hang Seng already down 1.39% till now. So let's see how our market is going to behave. I have already market all the levels on chart, but still i will write here too.
Nifty Important levels for today:-
Buy Nifty above 19806, if levels got sustained at least for 15 mints.
Targets we can see in upside 19875/19950+ ( New All time high ).
keep Stop loss at 19699
Sale Nifty below 19699, if levels got sustained at least for 15 mints.
Targets we can see in downside 19615/19564
Keep Stop loss at 19806
Note:- Avoid trade in No trading zone as if you are a option buyer then you will lose money. And Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
WELSPUNIND | SWING TRADE | BULLISH MOMENTUMWELSPUNIND | SWING TRADE | BULLISH MOMENTUM
CONFIRMATION FACTORS
1) Pole and Flag formation
2) 20/200 EMA Crossover
3) Market structure breakout and good consolidation happening
Bullish Flag Pattern Breakout in CHOLAFIN📊 Script: CHOLAFIN
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Stock Showing Breakout of Bullish Flag Pattern.
📈 Strong Bullish Engulfing Candlestick Form on this timeframe.
📈It can give movement upto Breakout targets of 858, 915 and Final 972+.
📈 Can Go Long in this stock by placing stop loss Below 815 or last swing low.
DABUR INDIA LTD - Forming Reverse Flag PatternDabur India Ltd is forming a Reverse Flag Pattern and it is about to give a breakout at 528.
Based on the pattern, one can enter around 528 after the breakout and target can be set around 487 with Stoploss of 540.
This gives us risk to reward ratio of 3.3. Pattern is forming on hourly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
SAKTHI SUGARFundamentally there is nothing encouraging here however, purely on technical basis, this stock seems to be ready for a big move.
RSI breakout is an early indication, and the relative strength of the stock seems to be in a very sweet spot.
A triple bottom is adding confidence to this Low-Risk High Reward setup.
banknifty future above POC and golden fib ratio bankniftyfuture yesterday bull bear had strong fight near 43300 as the POC (power of control) & golden fib ratio both coincide at same level
and at the close bulls overpowered and slightly succeeded to close just above poc & golden fib ratio..
bullish flag pattern formation going on...
ankniftyfuture strong support of poc (power of control) and golden fib near 43300--43250...
whereas upside immediate resistance near 43540--43610
Kirloskar Ferrous FlagnPole breakout Kirloskar Ferrous FlagnPole breakout
Can look for tp of 400-450
Disclaimer : only for learning and educational purpose