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Flagformation

Nifty Range Bound till 2024 possibilityThis is for my personal reference to make myself remind about topics. Nifty probably will remain range bound for at least next year or two till the inflationary effect are realized. Graph is possible prediction and not a confirmed one. Global events with Impact 1. Rising Interest rates and Bond yields 2. Inflation effects and US Jobs report 3. War escalation 4. Sanctions which can increase the metal and fertilizer prices of raw materials. Causing ripple effect across sectors. 5. Crude and Gas prices 6. China Taiwan escalations 7. Fertilizer prices can cause food inflation and can climate change effects can be catastrophic. 8. Depreciation of global currencies to dollar will add to import costs affecting margins for many companies and interest sensitive sectors 9. Low income economies may fall in to un-recoverable debt effecting exports of non essential commodities and finished products. Local Events: 1. Rising differences between political parties and some religious organizations. 2. Upcoming elections in 2024 and hung assembly can cause dents to the economical progress. 3. LAC and LOC escalations 4. Climate change impacting agricultural yields. 5. WTO restrictions to remove food subsidy in phased manner in coming years. 6. Drinking water issues due to extreme heat conditions. 7. Job generation 8. Crude Oil and Gas price escalations increasing deficit. 9. increasing trade deficit due to cost of Import rising due to rupee depreciation.
NSE:NIFTY
by Sandeepk31
LONG- GRANULES 1D TFGRANULES INDIA is forming flag and pole pattern and now gave the breakout from the flag with good volume on 1D TF. Pole formed from March 2020 to Nov 2020, and since then it is consolidating in the flag portion till SEP 2020. Recently after consolidating at top of flag resistance for 80+ days (50+ bars) it has given breakout on 30th SEP 2022 with good volume. If market doesn't falls aggresively in next fews days, this can be a good swing trade. Target- 395, 437, 540 SL- 295
NSE:GRANULESLong
by psc12
1
BULLISH on HEROMOTOCO (Positional)NSE:HEROMOTOCO HEROMOTOCO looks Bullish to me. The price is trading above the moving averages which indicates bullishness. The price had given a breakout from the trendline, and after that it consolidated and again gave breakout from a flag pattern. The MACD indicator has also given bullish signal. The RSI indicator is above 50 levels which indicates good momentum. I think its a good long for positional. The SL and Target is given in Chart. Disclaimer : This my view and analysis. It is for educational purposes. It is not a recommendation, call or a tip.
NSE:HEROMOTOCOLong
by Kunal-Battu
[Positional] IGL Long IdeaIGL has created a very good 'Flagpole Pennant pattern on daily basis. There was sharp upmove observed from the levels of 350 -440 (8 aug - 16 Aug). After that the stock has been consolidating only from last 10 sessions and the range is getting smaller and smaller creating a pennant. What Is a Pennant? - A pennant is a type of continuation pattern. - When there is a huge movement in the stock, it forms a flagpole like structure- a very straight up move of more than 3 huge bullish candles. - After this strong up move there is a little break to buying and consolidation begins - consolidation creates a triangle shape attached to a pole - called as pennant. - Pennant formation normally says that there is still some buying left and this is just a break and the trend will again continue in the same direction as the initial large movement if it breaks on the same side as initial trend. We are supposed to enter the trade once the price breaks out of this consolidation triangle - Pennant. It is advised to only take trades in the direction of the initial trend. Stop loss can be the low of the penannt. Entry:- 424-430 (whenever price breaks the pennant on daily closing candle basis) SL:- 402 (low of the Pennant) Target :- 477
NSE:IGLLong
by Santosh_A_Chavan
1
Flag Pattern breakout in AMARAJABATBefore taking any trade I always analyze the trend, price, volume, and how the relative strength is performing compared to other stocks in that sector. Here are a few observations that we can make from the AMARAJABAT chart: Flag Pattern upside breakout(bullish) The stock broke a long trend line and consolidated for a month. It has given a range breakout with 2x avg volume. The stock has been retraced and weak hands have been removed. The stock Relative strength is trending towards highs. Entry - 540 Stoploss - 497 Target 1 - 575 Target 2 - 640 I hope this helps more in your stock analysis. Thank you Saurabh
ALong
by shadowthenoobtrader
Himadri Speciality forming probable flag and pole patternHimadri Speciality is forming flag & pole Pattern in a daily chart frame. If today's candle close above 88 range, then we can see a clear breakout and it should confirmed by next day candle. After this breakout stock will test 93 range first, once it break 94 range, it has a potential to reach 112 range as per the pattern. Ideal SL will be below 78. Wait for supply zone breakout for the confirmation. This is just a View, not recommendation to trade, do your own analysis before taking any trade. NSE:HSCL
NSE:HSCLLong
by KaravaliTradingZone_Official
27
[Positional] TATAMOTORS Long IdeaTata Motors was trading in the range of 360- 470 from a long time . Recently the stock broke out of that range 10 sessions bck. After breaking the range this has formed a msall Flag and pole pattern also. TataMotors is really good candidate to go long on, Entry:- 481 (We will only enter the trade when it crosses the recent swing high of 481 on a daily candle on the closing basis) Stop Loss:- 459 (adding some buffer from the length of flag to include the support line as well ) Target:- 528 (Immediate target will be 528 ) Target is expected in the next 2-3 months.
NSE:TATAMOTORSLong
by Santosh_A_Chavan