Get started

Flag

Support-Based Setup - Flag Breakout RetestChart presents a support-based setup following a recent flag breakout. Current price action indicates an attempt to retest breakout levels, creating a potential bounce opportunity. The price is trading near a confluence zone, adding strength to the support levels. Key Points: Flag Breakout Retest: After a flag breakout, the price is currently retesting breakout levels, suggesting a potential continuation of the bullish trend. Confluence Zone: The current price is near a confluence zone, strengthening the support levels and increasing the likelihood of a bounce. Volume Analysis: While current volume is low, anticipate a rise in volume as the price bounces back, providing confirmation of renewed market interest. Trade Idea: Consider a long position with a bounce confirmation from the support levels, ensuring volume supports the move. Implement risk management strategies to protect against potential downside risks. Regularly monitor the price action for further confirmation and adjust the trade as needed.
NSE:HSCLLong
by Marketik
Bullish Breakout of Daily Flag & Pole PatternA Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:RBLBANK MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
NSE:RBLBANKLong
by raigvivek
ENGINERS INDIA : Weekly Chart (1-3 months)#swingtrade #breakout #VCP #vcpbreakout #rading #ENGINERSIN : >> Beautiful VCP visible >> Flag Structure Breakout >> Good Strength & Volumes Buildup >> Low Risk High Reward Trade Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:ENGINERSINLong
by moneyfesttrading
JSW STEEL- Bull run 2.0?We have seen an amazing bull run in JSWSteel during the metal sector rally of 2020-21. Since then, stock has been consolidating with 770-780 acting as a strong supply zone for the stock. However, the stock has recently taken support from a 3 year old trendline and currently standing at the same supply zone. If the stock manages to sustain above 780-800 for a couple of weeks , it will confirm a breakout of a flag consolidation and we can expect Bull run 2.0 in this stock as well as other metal sector stocks. Note:- Metal sectors are cyclical in nature. Please invest/trade accordingly. This idea is shared for educational purposes only and should not be taken as a recommendation.
NSE:JSWSTEELLong
by chartistamey