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Asianpaint near to flag pattern breakoutAsian paint is very near to the bullish flag breakout. Short term targets and long term targets are both clear. Please follow the chart levels. Will keep updating the post. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:ASIANPAINTLong
by ashishhc
5
Industower - Few things happening hereIndustower is currently exhibiting a bearish trend with several concerning signals: a fake breakout, a bearish flag breakdown, and the formation of lower highs. Traders should be cautious as these indicators suggest a potential continuation of the downtrend. The fake breakout implies that the recent upward move lacked genuine strength, while the bearish flag breakdown reinforces the bearish sentiment. Additionally, the pattern of lower highs signals weakening bullish momentum. However, if the stock moves above 440, this bearish view could be invalidated, indicating a potential reversal or strengthening of the bullish trend. Monitoring these factors closely and adjusting strategies accordingly will be crucial.
NSE:INDUSTOWER
by TradePatternsLikePro
Kotak Bank a weekly bull flag formationTraders should keep a close watch on Kotak Mahindra Bank, as it has formed a bullish flag pattern on the weekly chart, signaling potential for a significant breakout. The key levels to monitor are around 1860-1870, where a breakout could trigger strong upward momentum. The longer the consolidation within the flag, the more powerful the breakout may be, offering an opportunity for swift price movement. With strong technicals in place, traders should be prepared to act quickly once the price breaches the resistance zone, as the post-breakout rally could accelerate rapidly. Stay vigilant and ready to capitalize on the move!
NSE:KOTAKBANK
by TradePatternsLikePro
Edelweiss - Multiple confluence points - Cup&handle, Flag patterEdelweiss is at multiple confluence points at monthly time frame - it has made cup & handle patter, flag pattern and a rectangular pattern. A breakout of the stock will definitely looking to move upwards. Other factors: 1. See volumes - building / consolidating 2. MACD is improving 3. RSI is above 60 4. Fundamentally also, good Q1 result, selling stake for 1.5k - 2k crores, improvement in processes and we can RBI restrictions moving away Keep in your radar "Cleaneasycharts" Right Stock at Right Time at Right Price!! Cheers!!
NSE:EDELWEISSLong
by Cleaneasycharts
1
HEROMOTOCO - Flag and Pole - Breakout -DailyHEROMOTOCO - Flag and Pole - Breakout -Daily Name - HEROMOTOCO Pattern - Flag and Pole Timeframe - Daily Status - Breakout Volume - Good Cmp - 5578 Target - 7145 SL - 5266 Pattern : Flag and pole The flag and pole pattern is a popular technical analysis tool used by traders to identify potential continuation of a trend. Here’s a breakdown of its components: Flagpole: This is the initial sharp price movement, either upward or downward. Flag: Following the flagpole, the price consolidates in a small range, forming a rectangular shape that resembles a flag. Key Characteristics: Continuation Pattern: It indicates that the prevailing trend is likely to continue after the consolidation phase. Volume: Typically, the volume decreases during the flag formation and increases again when the price breaks out of the flag. Trend Direction: The pattern can be bullish (upward trend) or bearish (downward trend). Fundamental ratios: Here are some key fundamental ratios for Hero MotoCorp Ltd. (HEROMOTOCO): Profitability Ratios: Return on Equity (ROE): 18.5% Return on Capital Employed (ROCE): 22.3% Net Profit Margin: 10.4% Valuation Ratios: Price to Earnings (P/E) Ratio: 19.2 Price to Sales (P/S) Ratio: 2.75 Enterprise Value to EBITDA (EV/EBITDA): 19.18 Solvency Ratios: Debt to Equity Ratio: 0.05 Current Ratio: 1.5 Efficiency Ratios: Asset Turnover Ratio: 1.2 Inventory Turnover Ratio: 5.3
NSE:HEROMOTOCOLong
by VCharts_TA
Grasim Industries - Bullish Flag PatternLet's break down the analysis provided for Grasim Industries Ltd based on the bullish flag chart pattern, as outlined by Arvind Share Academy. This is for educational purposes, so here’s how you might evaluate and implement such a trade: Trade Plan Breakdown Current Market Price (CMP): ₹2700 Context: This is the price at which Grasim Industries Ltd is currently trading. Understanding the CMP helps to set up entry and exit points effectively. Buy Above ₹2725 Entry Point: The suggestion to buy above ₹2725 indicates a breakout level where the stock price is expected to move higher if it surpasses this level. This price is above the consolidation phase (the flag) and is likely where the upward momentum should resume. Purpose: This strategy aims to enter the trade only when the stock shows a confirmed breakout from the bullish flag pattern, reducing the risk of buying into a false breakout. Stop Loss (SL) at ₹2640 Risk Management: The stop loss is set at ₹2640, which is below the flag pattern and recent consolidation lows. This level is crucial for limiting potential losses if the trade does not go as planned. Rationale: Setting the stop loss at this level protects against significant downturns while allowing some room for price fluctuations. Target 1: ₹2865 First Target: This level represents a near-term profit-taking point. It might be based on technical projections from previous resistance levels. Strategy: It’s often wise to consider taking partial profits or reassessing the trade when the stock reaches this level, especially if it faces resistance. Target 2: ₹3000 Extended Target: This target is set higher, assuming that the bullish momentum continues beyond the initial projection. This level reflects a more optimistic outcome and suggests further potential upside. Strategy: As the stock approaches this level, monitoring its behavior is key. Adjusting stop losses or taking additional profits may be prudent if the stock shows signs of reversing.
NSE:GRASIMLong
by Arvind_Share_Academy