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TATAELXSI Stock Analysis - Flag and Pole FormationTATA Elxsi forms the flag and pole pattern, the market is at a crossroads, presenting traders and investors with both opportunities and risks. A careful analysis of the breakout or breakdown, along with volume confirmation, will be crucial in making informed decisions. Remember, while technical patterns provide valuable insights, it's essential to consider other factors such as fundamental analysis and market conditions. Stay vigilant, and let the market unveil its next move.
NSE:TATAELXSI
by Akshayhanda
Granules India Breakout on monthly time frameAs you can see here Granules India chart, what does this chart show? This chart shows us that it has given a breakout of a beautiful pattern i.e. flag and pole on a monthly time frame. As you can see on the weekly time frame, the stock had broken its nearest resistance and now it is ready to move more on the upside. So now we can plan an entry for upside momentum, from the last two days this stock has been consolidating inside the breakout candle, making inside bars on a daily time frame. So our entry will be above the high of the mother candle i.e. 390 and our stop-loss will be of 30 points. The first target will be ATH(all-time high). Hold this for a long time as the breakout is on a monthly time frame. I'm not sebi registered so this is only for educational purpose, do your analysis first.
NSE:GRANULESLong
by Garvit_Narang
Daily Bullsih Flag Pattern BO in CARTRADE TECHIntroduction: CarTrade Tech Ltd. operates an online marketplace for new and used vehicles. Its brands include CarTradeExchange and MotorExchange. The company was founded by Vinay Vinod Sanghi and Rajan Jitendra Mehra on April 28, 2000 and is headquartered in Navi Mumbai, India. Analysis A Bullish Flag and Pole pattern is visible on the Daily chart of NSE:CARTRADE . The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price. MACD gave Positive crossover on Weekly Chart. One can create a fresh position in the scrip near Rs. 820-840 levels with the stoploss of Rs. 780 on Daily closing basis for the following targets 860.60, 879.55, 901.15, 925.40, 947.85, 959.35,981.25, 996.50 and 1020.10. Risk Disclaimer: The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions. 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 subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided. Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose. I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
NSE:CARTRADELong
by raigvivek
Bullish Flag Pattern BO in Intense TechnologiesIntroduction: Intense Technologies been positioned amongst AnyPrem CCM Software Leaders in 2022 Aspire CCM-CXM Leaderboard™.We have been positioned amongst AnyPrem Customer Communications Management (CCM) Software Leaders for Telecom, Insurance, Public Sector and Utilities verticals in the 2022 Aspire CCM-CXM Leaderboard™. Also, we are recognized as a ‘Leader’ in two other segments Vendor Hosted SAAS CCM and Communications Experience Platform (CXP) for the Utilities and Telecom verticals. Analysis A Bullish Flag and Pole pattern is visible on the Daily chart of NSE:INTENTECH The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price. MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip near Rs. 105-109 levels with the stoploss of Rs. 95 on Daily closing basis for the following targets 113.15, 117.25, 121.05, 125.15 and 129.60 Risk Disclaimer: The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions. 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 subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided. Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose. I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
NSE:INTENTECHLong
by raigvivek
TATA Power: Bullish Flag Breakout awaitedTATA Power has given breakout (near Rs 80 range) on a weekly time frame "couple of months before". This breakout took time of around 12 years. It has already RETESTED its weekly support. There are some fundamental news also floating around. * Electric Vehicle Boom Era and Green Energy: Its management is working hard to replace it's thermal power plants to the "Fully Green" power generation power plants, so that it won't miss the upcoming boom. It is also working to provide Electric Vehicle charging stations to more and more cities. Etc. I am expecting a breakout due to "bullish flag" chart pattern. Remember, the daily candle is invalid if it has more wicks and less body, and it must close higher than the resistance line. Entry can be made after 3:00 PM when the daily candle is nearly closed. SL can be placed below the low of "breakout candle" or below the previous support. I'll update SL and Target after the breakout. Disclaimer: Please do your own research before jumping into the trade. Till that, just be a spectator and evaluate how the prices move after the breakout. I already have open positions which I'll hold or exit at my SL.
NSE:TATAPOWERLong
by UnknownUnicorn7637383
3
Symphony up 15%? Reason explained post marketI am posting this chart so that we can trade this opportunity in future. I.e. Learning from the past and implementing in future. Just look at the chart pattern, it looks like a bearish "flag" in 1 hour timeframe. Just look at the buying pressure at 1st 1 hour candle. What's next? Well, I am expecting this rally will continue after a retest at the "breakout level". NEW ENTRY NOT SUGGESTED. Just wait n watch how the price react on Thursday, 22 April.
NSE:SYMPHONYLong
by UnknownUnicorn7637383
HDFC AMC_ Breakout may be possible in near futureDisclaimer: I already have open position which I will exit or not exit (it depend upon how the price react near resistance) The breakout is yet to happen. If the breakout successful, I'll hold my open positions and/or add more qty. Otherwise I am ready to exit, provided there are some bearish signals. If the share consolidate for at least 3-4 days, it can move on either direction very very fast. There is risk involved or you can say one major hurdle in our trade will be "lower highs". Until and unless it crosses the previous "swing highs", it's the point of concern for this trade.
NSE:HDFCAMCLong
by UnknownUnicorn7637383