Consolidation at ATHThe Stock and the Sector are both outperforming thr Benchmark. A Perfect Flag and Pole when broken may give a good run above the ATH
Flag
Medium term trading opportunity in Balu Forge for V. good upsideHi,
NSE:BALUFORGE has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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CDSL BULLISH FLAG&POLE BO DTF/WTF SWING/POSITIONAL Refer the chart for details
The stock after a bullish streak has retraced to just above the 50% FIBO/R level.
Its has broken out of the Flag a week ago and now retraced to form a bullish candle indicative of a bullish reversal.
ENTRY can be at current price. Keep SL below the previous week Low.
the standard disclaimer in my other analysis apply.
SURAJEST READY FOR TREND RESUMPTION MOVE NSE:SURAJEST
Pattern: The stock is forming a flag in an uptrend, indicating a potential continuation of the upward movement.
Resistance Level: There is a horizontal resistance above 810, which the stock needs to break to continue its upward trajectory, waiting for an hourly close will be good.
Sector Outlook: The realty sector is poised to zoom up, suggesting a favorable environment for SURAJEST LTD.
Target and stop Levels: Refer to the chart for specific target levels.
Keep learning and happy trading!
LUPIN Forming Bullish Pattern LUPIN a leading stock in Pharma Sector is outperforming. Currently at breakout retesting phase. Made a beautiful Flag & Pole pattern with Ascending Triangle at a crucial level.
INDRAMEDCO - Bullish Flag PatternINDRAMEDCO - Has shown a Bullish Flag pattern in the Daily time frame - This shows strength in the stock and also means potential upside in the near future.
The company has a fantastic history and fundamentally has very attractive numbers, not only this is a good entry point for swing traders but also a good stock to hold for a long term.
Note: These views are personal and for informative/ educational purpose only. Please conduct your own research before making any investment decision.
INFY: Consolidation near ATHThe stock is consolidating neat ATH where as overall IT sector is on the up-move.
This stock is just gathering all power to break and sustain it's ATH.
Till now there is no closing above the consolidation but once it is there, this stock has all potential to move up to 2500 levels.
DISC: The publication idea is just a technical analysis and should not be considered a buy or sell recommendation. Please consult your financial advisor before taking any trade.
Trent Flying towards 8kTrent is showing super bullish momentum and strength. It is forming a bullish flag as well if closes above 7500 then 8k , 8200,8500 can be seen in this month itself.
Cipla Pole and Flag patteStock Analysis Report for Cipla Limited
01. Pattern Analysis
Pattern Name: Pole and Flag Pattern
Cipla has formed a Pole and Flag pattern, which is a bullish continuation pattern. The flag represents a consolidation phase after a strong upward move (pole), typically occurring before a breakout to the upside. The stock is at its all-time high, with a breakout from a narrow consolidation range. This is a positive signal that indicates potential for continued upward movement.
02. Volume Analysis- Volume Behavior:
During the consolidation phase, the volume has remained relatively stable, which is typical for a flag pattern. There is no significant sell-off, indicating that traders are holding their positions. The volume will be crucial to watch in the upcoming sessions to confirm the strength of the breakout.
Current Volume:
There has been a notable increase in volume during today's session, which corresponds with the formation of a bullish Marubozu candlestick, reinforcing the breakout.
03. Price Analysis- Candlestick Patterns:
A bullish Marubozu candlestick has formed at the breakout level. This indicates strong buying momentum with no significant selling pressure during the session, further validating the bullish sentiment.
04. Validation of Bullish Signal- Breakout/Breakdown Confirmation:
The stock has broken out from its consolidation range at the all-time high, supported by strong volume and the Marubozu candlestick formation. This confirms the bullish breakout signal.
.Price Retraction:
Given the breakout, it's important to monitor whether the price sustains above the breakout level. A successful retraction and hold above this level would confirm the continuation of the uptrend.
05. Key Levels
Support: The lower bound of the recent consolidation range around ₹1,640 would act as the immediate support level.
Resistance: The stock has entered uncharted territory, so no clear resistance is present. Psychological levels like ₹1,700 and ₹1,750 may act as potential resistance points as the stock moves upward.
06. Entry Point Determination
Recommended Entry: A buy position can be considered above the breakout level, around ₹1,680, assuming the breakout is sustained with volume.
07. Target Setting
Pattern Target: The height of the flagpole (from the start of the pole to the top of the flag) projected upward gives a target range of approximately ₹1,800 to ₹1,850.
Target Price: Short-term traders can target ₹1,750 initially, while long-term traders can aim for ₹1,800+ based on the pattern's full potential.
08. Stop Loss Placement
Recommended Stop Loss: A stop loss around ₹1,630, just below the flag's lower boundary, would be a reasonable risk management point.
Morepen Lab - Bullish Flag and Fibonacci RetracementMorepen Lab has formed a bullish flag pattern, and today it has successfully broken out.
The price has retested the Fibonacci level at 38, where it formed a bullish piercing pattern, signaling potential upside momentum.
Price take support of 50 period EMA.
Additionally, this level coincides with a significant demand zone on the chart, suggesting strong buying interest. Keep an eye on this stock for further upward movement
BSE F&P BREAKOUTBSE breaking f&p pattern
with huge volume building up
trading at ATH,RSI bullish
#target 5000
EDUCATIONAL IDEA
SURYODAY SMALL FIN BANK BY KRS ChartsDate:23rd Aug 2024
Time: 9:26 AM
WHY SURYODAY❓❓
1. All overview, Stock was in Consolidation for long time since listed and in Jun 22 it made lowest low , after that it is in continues HH HL pattern.
2. Wave Count is visible perfectly and it is in 3rd leg of 5th wave as we can see in above chart.
3. 100 Ema is right underneath in Hourly and Daily TFs
4. Today it has broken the resistance of Flag pattern and likely to sustain above it.
5. In bigger picture, Suryoday is making Upside channeling
PATANJALI FOODS By KRS ChartsDate: 21 August 2024
Time: 3:09 PM
Why Patanjali Foods ❓❓
1. All over Bullish Stock.
2. 3-Years old Upside Channeling finally Breakout.
3. Currently at All Time High price .
Target will be 2590 for medium to long term
SL can be 1655 Rs.
BTC USD - 1 hour time frame - CMP 62627 Cup and Handle breakouBTC USD - 1 hour time frame - CMP 62627
Cup and Handle breakout
Buying CMP 62647
SL 61450
Target 63200- 63750- 64000- 64500-65000-66000 -69000+
possible pole n flag in TCI EXPRESSTCI Express Limited is an express cargo logistics company with its own set up across India. It carries distribution through various modes of transport and is specialized in offering time definite solutions.
Infosys ready for Flag pattern breakout in coming daysNSE:INFY Ready for flag pattern breakout in coming days
Consolidated pattern since many days now ready for breakout in coming days
Follow for more trading signals or analysis.
Target 10% approx
Stoploss 3%
Do as directed in the chart
This is not the trading recommendation or advise 🚨
Do your analysis before taking any step.
COLPAL RANGE BREAKOUT WITH MASSIVE VOL A range breakout occurs when the price of a stock moves outside a defined range of support and resistance levels. This can signal a potential trend change or continuation, depending on the direction of the breakout. Here are some key points to consider:
Identifying a Range
Support and Resistance: Identify the horizontal levels where the price has repeatedly bounced off (support) and where it has faced resistance.
Consolidation: Look for a period where the price moves sideways within these levels, indicating a range-bound market.
Types of Breakouts
Bullish Breakout: When the price breaks above the resistance level, it may indicate a potential upward trend.
Bearish Breakout: When the price breaks below the support level, it may signal a potential downward trend.
Confirming the Breakout
Volume: A breakout accompanied by high trading volume is more likely to be genuine.
Retest: Sometimes, the price may retest the breakout level before continuing in the breakout direction. This retest can provide a better entry point.
Trading Strategies
Entry Point: Enter the trade when the price breaks out of the range with significant volume.
Stop Loss: Place a stop loss just below the breakout level for a bullish breakout or just above for a bearish breakout.
Target: Set a target based on the height of the range added to the breakout point.
Welspun Living Going to do Well with FUN Welspun Living
Looks good in PARABOLIC UPTREND PATTERN
On Retracing, getting ready for RALLY.
Expected Targets marked in CHART
Godrej Agrovet - Flag Pattern!!Godrej Agrovet has given a breakout of its 2018 price and has not retesting the same. It has created a flag pattern and a breakout of same can give a massive 65% return. Other factors:
1. 2018 price breakout and retesting - strong set-up
2. Flag pattern on DTF
3. Largest palm oil plantation in India with 75000 hectares and by 2027 to increase to 100k hectares
4. Recent custom duty increase on import of palm oil will benefit Godrej Agrovet
5. Contracts with Nestle & Pepsi for purchase of palm oil
6. Best TTM results
Stock may consolidate and a breakout will take the price to our TPs.
Keep following @cleaneasycharts as we provide Right Stock at Right Time at Right Price!!
Cheers!!
Getting Accumulated Making A Flag and PoleNSE:INDIACEM is getting Accumulated and Making Flag and Pole Patterns a Breakout on the Upside we see a Swift Swing Trade. Keep in Radar.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Midcap Nifty - Sep 30Price is consolidating in a small range and it has formed a bull flag which is a bullish pattern. Sustaining above 13300 is important to be bullish.
Buy above 13320 with the stop loss of 13280 for the targets 13360, 13400, 13440 and 13480.
Sell below 13240 with the stop loss of 13280 for the targets 13200, 13160 and 13120.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
UBL bullish flag pattern breakoutUBL has great bullish triangle flag breakout and re-tested in day time frame. Targets are intact. Festival season also coming can boost this counter too. So price action is favourable.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
