Get started

Flag

Tata Steel - Long Trade - Kursi Ki Peti Baand LijiyeNSE:TATASTEEL on weekly charts has a commanding positional advantage. Since commodities are news and dollar driven, some little knee jerk reactions can emerge during the journey, and perhaps by the end of September or early October, NSE:TATASTEEL can become a brilliant trade to play with. The positional view is also displayed on the chart, but it will need patience to maintain your current positions. Pattern Formed - Flagpole & Bullish Pennant Positional SL - Low point of the pennant pattern Immediate SL for long trade - Top of the pennant breakout line or say 115 on WCB Conclusion - Breakout of the pattern and retest done. Should resume upwards journey Let's see how the story develops. Best wishes! Disclaimer - - My thoughts are shared here. This is both for my own records and for keeping track of what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:TATASTEELLong
by nerdywasabi
2
LONG ARTEMIS MEDICAREA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of NSE:ARTEMISMED Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Flag and Pole Technical Indicator :- Positive MACD Crossover
NSE:ARTEMISMEDLong
by raigvivek
This Rice stock might rise soon!KRBL is one of the leading stocks in basmati rice export(holding company of India gate brand) Recently, Indian government has put a ban on non-basmati rice exports which has led to increase in price of basmati rice in the world. However, despite of the positive news for the stock, no major price change was observed in chart. The stock is available at a PE of 12 and has a negligible debt with ROE of around 17%. Technically, the stock is near a strong round number resistance of 400. Positional traders can keep this stock in watchlist as the risk associated is low and reward is high in a longer term. Idea is shared only for educational purposes
NSE:KRBLLong
by chartistamey
"ADSL Flag Pattern Breakout: A Promising Trade Opportunity"🚀 Get ready for a potential breakout on ADSL! 🚀 On August 28th, 2023, we laid the groundwork for an exciting trade opportunity as we analyzed the ADSL stock. Today, we have an update that could lead to significant gains. Key Points: 📈 Flag Pattern: ADSL has been forming a flag pattern on its daily chart, indicating a period of consolidation after a strong uptrend. This pattern often precedes a breakout, making it an excellent setup for traders. 🚀 Breakout Imminent: The flag pattern suggests that a breakout may be just around the corner. This breakout could propel ADSL to new heights. 📊 Entry Price: Consider entering the trade at ₹136.00. This level offers an attractive entry point as we anticipate an upward price movement. ❌ Stop Loss: To manage risk, set a stop loss at ₹125.00. This level will protect your investment in case the trade goes against you. 🎯 Target Price : Our target is set at ₹180.00, reflecting the potential upside that the breakout could bring. This level represents a profit-taking opportunity. 📉 Risk to Reward: With an entry at ₹136.00, a stop loss at ₹125.00, and a target at ₹180.00, the risk-to-reward ratio for this trade is approximately 1:2. This means that for every unit of risk you take, you have the potential to gain two units if the trade goes as anticipated. 📆 Trade Strategy: Keep a close eye on ADSL, and be prepared to act swiftly when the breakout occurs. Remember to adjust your stop loss as the trade progresses to lock in potential profits. This trade idea provides a simple yet detailed plan for capturing potential gains in ADSL, with a clear risk-to-reward assessment. Stay vigilant and seize the opportunity when the breakout occurs. Happy trading! (Note: Remember to do your own research and consider your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📈💼🧐
NSE:ADSLLong
by We_Learn_Investing