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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