Flagformation
Apollo Tricoat Tubes- Nearing Upflag BreakoutHeadquartered in New Delhi, India, Apollo TriCoat is part of the APL Apollo Group. What makes Apollo different is its unusual approach to the business. The Company is not into conventional products, and remains focused on absorbing contemporary technology from various geographies to manufacture new-age products, which are often the first to be introduced to India.
Flag Pattern (Flag and Pole Pattern)A flag pattern is a trend continuation pattern, appropriately named after it’s visual similarity to a flag on a flagpole. Flag patterns can be bullish or bearish.
1. Flagpole: A line extending up from this break to the high of the flag/pennant forms the flagpole. The flagpole is the distance from the first resistance or support break to the high or low of the flag. The sharp advance (or decline) that forms the flagpole should break a trend line or resistance/support level.
2. Flag: A flag is a small rectangle pattern that slopes against the previous trend. If the previous move was up, then the flag would slope down. If the move was down, then the flag would slope up. The price action just needs to be contained within two parallel trend lines.
3. Break: For a bullish flag, a break above resistance signals that the previous advance has resumed. For a bearish flag, a break below support signals that the previous decline has resumed.
4. Volume: Volume should be heavy during the advance or decline that forms the flagpole. Volume contracts during the flag's formation and expands right after the resistance/support breakout.
5. Target: The length of the flagpole can be applied to the resistance break or support break of the flag to estimate the advance or decline.
Bullish Flag Pattern - Weekly chart Titan has formed bullish flag pattern on weekly chart. Stock is poised for a positive breakout. A flag pattern has two components - A pole and a flag. Current Market Price is at the tip of a pole. Conditions to recognise a positive breakout are : (a) stock price shall cross over the tip point which is also resistance zone and (b) stock shall successfully convert resistance into support.
Birlasoft AnalysisBirlasoft : A fundamentally strong IT Company with a good chart setup. This company has given some excellent returns previous year. It has formed a bullish pole and flag pattern in 1h time frame. The stock is trying to go up and it can go up with the current market sentiment. Keep an eye on this stock.
JINDALSTEL [flag pattern]A bull flag pattern with good consolidation after breakout ...... happen good "watch on "
Disclosure : I am not SEBI registered. The information provided here is for Education Purposes only.
Consult your financial advisor before taking any decisions
Titan forming bullish structureHello guys the last stock adanient nearly hit our intraday targets but we books profit in derivatives instead of cash segment and TCS also made a high of 3705 which is 1.6% above our buying levels in a day and the latest abbotindia is still above our buying price buy not as much profits yet.
The next stock that I am bullish on is Titan and it's forming a bullish flag and pole kind of pattern + a bullish pennant too. We can only buy it when it gives a breakout.
I can also spot a RSI divergence highlighted by a re line on both the chart and RSI indicator.
The runaway gap is also acting as a support and has also been filled so we need not worry about it.
MACD is about to come above the signal line.
RSI is 47 which I consider as bullish.
Buy above - 2360
Targets mentioned in the chart above
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HDFCBANK [flag in daily] only for education purposemy holding stock
1) flag pattern got up side break flag line in daily timeframe may be some days targets are hit buy as per draw
I am not a sebi register this only for education purpose .I am not responsible for any loss or profit
I am study of price action so this my study , any mistake in study of review on this stock .please clear my study mistake ..
thanks
Flag Pattern In BANKNIFTYIn 15 min timeframe, There has a flag pattern in banknifty which is indicating the continuation of the current trend towards the further upside target after breakout of the flag. Strong upside rally possible above 35550 level.
Nifty 50 has given Flag breakout on 4 hour timeframeNifty 50 has given Flag breakout on 4 hour timeframe
Bank Nifty given flag breakout on 4 hour timeframe Bank Nifty given flag breakout on 4 hour timeframe
BULLISH FLAG PATTERNStock has formed a bullish flag pattern on weekly chart. A positive breakout equivalent to length of flag may be expected. Weekly RSI does offer potential of a positive breakout as it is not yet overbought. RSI on monthly chart however is slightly below overbought zone at 78.59. Thus, we shall expect limited upside
Bearish Flag patternTCS has formed bearish flag pattern on daily chart. We expect negative breakout. However, there is no substantive negative trigger to cause it except the potential threat to revenue in EU region due to Omicron variant of concern.
btc forming flag and pole patternBINANCE:BTCUSDT is forming flag and pole pattern on multiple time frame ... for reference, you can check this 3hrs time frame.
All the levels are mentioned in the chart.
Note : For educational purpose only
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON CEBBCO.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
flag and parallel channel
Target - 24.65/26.40
SL: 22.30
Reason : All time high net profit in the last financial year and a dividend player.
FLAG & POLE BREAKOUT IN USD/JPY.One of the most profitable pattern to trade i.e. Flag & Pole which was forming in USD/JPY has given breakout with good bullish candle and volumes. It is expected that it will resume it's uptrend now until it reaches it's major resistance.
Levels for - 06 Sep 2021EXPLANATION : This is a 30 Min time frame chart of BAJFINANCE . It has formed a Bullish Flag Pattern , If stock break the flag with high volume I am seeing a very good opportunity in BAJFINANCE . ( Use Fiboncci )
US OIL DAILY CHARTusoil daily chart analysis channel formation and flag formation take support daily time frame
