Price went from 180 to 1180 in 16 months and then consolidated between 890-1180 forming a flag pattern. It seems to have breakdown with decent volume. At Least it is a sign of caution for all the long term investors of DCMSHRIRAM that could start to fall. Hence it is time to look at your positions.
Price is forming a flag pattern on the monthly time frame. Price moved from 260 to 1140 in 10 months and is now trading in the range of 980-1230. Hence forming a flag pattern. Technical analysis works better on higher time frames. Hence it is the time to study the stock.
Try to keep the SL small as there some good resistance, But still there is a high probability to break the resistance.
Honeywell Auto is near a 14 year old trendline. It is a log chart. It has a tendency to trade in flag patterns. Both trendline and flag started in 2009 and is still continuing. Every time before giving a breakout it comes near the line. It has happened in the past twice. Same thing is repeating now. Therefore it will be interesting to see how everything plays...
Sika interplant, flag and pole pattern, as less voulme could take time. Looks good for all time high 15 to 20% move from here
Banknifty Flag Pattern Buy above 42600 but after 26 January 2023 Independent Day Note: I am not SEBI registered. It's only Education Purpose.
Infra index likely to reach 7500 in 2yrs. Resistance at 6250 levels.
TATACONSUM has formed a flag and pole pattern. It is a 4 year old pattern and it is now consolidating 675-835. It could either break out or break down anytime and start a new trend. Hence it could be on the monthly watchlist.
In Weekly Time Frame, Alkyl Amine forms a big Pole & flag Pattern --> May trigger a upside move after seeing HH & HL in flag pattern
weekly time frame flag and pole pattern . strong volumes confirming upside move. holding trade.
While the Fundamental Analysts might find Auto Valuation High. Auto stocks have much higher to go. Nifty auto index in 5th wave of Bull Market. Fresh breakout in smaller degree wave 3. Auto leading the way higher.
breakdown and breakout happen means be ready for both thing it is moving in channel and in one month time frame so see chart and price action base comment me for any stocks analysis
NSE:TATASTEEL Breaking out in 3rd wave. A larger degree wave 3 can take the stock many fold in next 4-5 years. Only if you believe in magic of Wave Principle.
Flag and pole pattern at LTC 2H Frame. Long LTC for good profit. Please like, commend and Follow.
Chennai Petro CP breaks out on 1D timeframe. It has given a Double Pattern breakout from Falling Wedge and Flag patterns. Target & Stop Loss are explained on Chart. Be wary of upcoming earnings. Do Trail your Stop Loss and follow proper Risk Management.
KEC international gave flag n pole pattern breakout trading above 20ema target can be 550 SLbelow 20ema educational idea only
Silver in INR terms is forming a multiyear flag and pole pattern. It is consolidating after breakout. It is a long and big bet so position yourself with a bigger vision.
The chart is pretty much self explaining. In larger TF it has already made an inverted H&S pattern. And after completing formation of right shoulder now it is making a flag. This is a good long opportunity.