VBL-An ATH breakout in super bullish FMCG stock VBL has been a consistent outperformer among FMCG stock in this bull run.
As we can clearly see, stock is forming a beautiful staircase pattern(continuous flag pole) during the uptrend.
Stock has given breakout in closing basis of ATH. A good stock for quick momentum traders.
Not a recommendation.
If interested, do check the chart of RVNL which has shown a similar staircase pattern in past.
Flag
Likhitha infrastructure flag breakoutLikhitha infrastructure after negating Head & shoulder pattern is set to make flag breakout with 60% rising potential.
Cyient Flag breakoutFed is set to lower interest rates next month which benefits IT. Cyient has made flag breakout and has 85% potential
VGEITL - Flag & Pole Breakout - Best to add above 111]VLEGITL is a subsidiary of Vakrangee Ltd, has formed Flag and Pole Pattern on the chart.
This is purely technical play and one can enter above 111 for 36% upmove with different levels mentioned on chart.
Strict stop loss of 100.
Like the analysis? Boost/Like the idea.
Disclaimer : Educational content & not a buy/sell recommendation
INDIGO F&P BREAKOUT WCBIndigo is breaking flag pattern weekly basis
with huge volum,trading above 20ema
#target 5900 sl 4200
EDUCATIONAL IDEA
PATANJALI FOODS | ALL TIME HIGH | BULLISH | SWING TRADECHART ANALYSIS OF PATANJALI FOODS
1) 3-Years old Channeling finally Breakout.
2) Cup and Holder pattern formation and breakout
3) Good volume support
4) Currently at all time high price
5) Bullish momentum continues
Disclaimer: Only for educational purpose
Dolat Alog- Best above - 178.Dolat Algo - like other broking co's delivered excellent results
The stock formed large base and recently completely flag & Pennant Pattern.
One can take safe bet above 178 with strict stop loss of 140.
Targets - 220/320/380
Disclaimer : Educational content, please do your own rsearch.
my fav stocki have been following this stock from so long
company is good
price is good and i feel its low valued stock as price
let see how it goes
Finnifty - Aug 20Movement was choppy today. 22900 acted as support so far. Patterns seen in chart are channel formation which can be taken as bull flag also.
Buy above 23020 with the stop loss of 22980 for the targets 23060, 23120, 23180 and 23240.
Sell below 22880 with the stop loss of 22920 for the targets 22840, 22800, 22760, 22720 and 22680.
Check the live market updates.
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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.
Nifty50 Chart Analysis - 20-08-24 TuesdayNSE:NIFTY
Timeframe- 30 min chart
Validity - Current Week
➖ Boring /Dull Move in Last Session, Totally range bound after gapup open.
👉PCR -1.0
👉INDIAVIX - 14.31 (Normal)
🏦 Cash activity
FII- Net SELL (-2667) Cr
DII- Net BUY 1803 Cr
🌐US Markets Last day movement.
DJI:- Bullish by 336+ point.
Nasdaq: Bullish up by 357+points.
#GIFTNIFTY - 40 points up.’
👉NiftySupport 24460,24220,24080.
👉NiftyResistance 24640,24850.
🔹(Same as yesterday )Verdict:- 2 scenarios.
1. Breakout of the channel if the 30-minute candle is above - 24640 then only long side momentum will build up.
2. Reversal from the channel. 24550 range.
Use Appropriate stops to avoid big drawdowns.
Not a buy/sell just for educational purposes.
Keep learning,
Happy trading.
Banknifty analysis for 20/08/24.A flag and pole pattern formation is there on the charts. While market is trading around the resistance zone of the range.
If there is a break out of the Flag, wait for the market to clear the resistance levels.
A scalp can be made for small targets but intraday position should be initiated only once the upper levels are cleared.
Moving average gate is being formed acting as a support for the market.
Levels are marked on the charts. Trade only the markets not the emotions.
Wait for the price action near the levels before entering the markets .
FinNIfty weekly expiry analysis for 20/08/2024.FinNifty is constantly testing the 20 ema and today also, it opened above the moving average but couldn't sustain the levels and closed below it.
It has been trading in a range and is around the upper levels of the range. If there is a gap up opening around 23000 levels, there are chance of market reacting to the round number levels. And bullish entry can only be tested once the market makes a reversal after a profit booking on the levels.
In case of a gap down opening below today's low, a bearish trade can be entered with target around the support zone of 22800.
The market on the smaller time frame is forming a flag and pole pattern. It seems a bullish pattern and its break out can be traded.
Major support levels :- 22825, 22655
Resistance levels :=- 23070, 23150
In any case break out of 23150 level can lead to a gap filling trade upto 23300 levels.
Tomorrow is the weekly expiry and a break out after 2 O'clock can sustain.
Wait for the price action near the levels before entering the markets.
PCBL - Potential Flag & Pole Pattern. Best Above 422PCBL
On a Daily Chart - The Stock has completed a big Base, after which the stock has
taken shape of Potential Flag and Pole Pattern.
With solid fundamentals, One can enter above 422
For targets of 500/550/600 which can come in few weeks to months.
Strict Stop Loss of 375.
Disclaimer : Educational Content. Please do your own research.
Grasim Industries Limited are at end of accumulation Grasim Industries Limited are at the end of accumuation zone and there institution traders are may be entered and the price will go higher further days .we can expect price may go 10% higher you can looking long trade in grasim
CUP & HANDLE AND FLAG PATTERN1W - Flag & Pole Pattern In weekly closing 967 above
1M - Cup & Handle Pattern
Ultratech flag n poleTwo patterns visible in 1 hour timeframe. It is look like going down and it will give first target at 10600.
XRP 1HR timeframe XRP on a 1HR time frame is looking bullish. We can open a long position for the short term for the following reasons.
1. Xrp has given a breakout on the bull flag pattern.
2. Below we have a support of 200 MA
3. We have not seen the rally since the good news of XRP which people waited for too long
This makes XRP strong fundamentally and technically.
ASSOCIATED BREWERIES BREAKING OUT FROM CUP AND HANDLE PATTERN The stock has been forming a cup and handle pattern lately and has given a good breakout on daily timeframe the consoldiation has been going on since october 2021
641 acted as crucial resistance which was breached recently with good volumes and momentum
currently the stock is in post breakout stage and is forming a flag and pole pattern
A solid upmove can be anticipated within coming weeks and the stock can rally till the 924 levvels like the flashing lights
Potenial Move in JMAAn inefficiency was was created by the price, which was later filled. Price then went on to stay in a range but it tried giving breakout moves to grab BSL and then dumped to grab SSL. I can see some support from downside because price is not breaking previous external low. Buying near VWAP for best entry price
Bikaji Foods - Flag Pattern & Breaking out of consolidation !!Bikaji Foods we earlier captured 20% (refer our earlier chart). Now we expect this stock to move towards 950+ levels:
1. Q1 results are very good couple with management guidance
2. MACD is getting positive
3. RSI is positive
4. Volume on last trading day shows positiveness
Cleaneasycharts - Clean Charts, Easy Charts!!
Right Stock at Right Time at Right Price!!
Cheers!!!
CUP & HANDLE AND FLAG PATTERN Multiple confirmations in the same time frame, like cup & handle retest level 174 flag and the channel pattern.
