Flagpatterntrade
UNO Minda : Momentum Trade Ideas#unominda #swingtrade #momntumtrade #patterntrading #flagpattern #trendingsetup
Uno Minda : Momentum Trade
>> Flag Breakout move
>> Trending setup
>> Momentum Stock
>> Low Risk High Reward Trade
Start Trailing tightly after 8% move or Book Partial Profits
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
PFC : Breakout Candidate#pfc #breakoutstocks #VCPpattern #Flagpattern #Lowriskhighreward
PFC : Weekly (1-3 Months) Holding Period
>> Breakout Soon for New Rally
>> Flag Structure
>> VCP Pattern
>> Highly Trending Setup
>> Good Strength & Decent Volume
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and Keep Trailing for more
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Flag PatternIn the context of technical analysis, a flag is a price pattern that, in a shorter time frame, moves counter to the prevailing price trend observed in a longer time frame on a price chart. It is named because of the way it reminds the viewer of a flag on a flagpole.
The flag pattern is used to identify the possible continuation of a previous trend from a point at which price has drifted against that same trend. Should the trend resume, the price increase could be rapid, making the timing of a trade advantageous by noticing the flag pattern.
Script = Tata Motors
Time Frame = 1 Day
AdaniEnt showing a formation of Flag PatternAdani Enterprises is showing a Flag Pattern formation on daily/ hourly charts. Such setups take time to materialise. But, when they do complete and the price breakout sustains, targets are really sweet!
Flag Pattern - targets are usually the width of the flag followed by the length of the pole. SL post breakout is the lower end of the flag. At the current stage, the prices are yet to give an entry signal.
PS: Adani Ent is a VERY HIGH-RISK scrip, please be extremely vigilant while trading in this scrip.
Gulshan: Formation of FlagNSE:GULPOLY is forming Flag pattern. The target will be equal to length of the distance from bottom till formation of flag. Expected Breakout is upside. Long only after breakout confirmation.
Bearish Flag PatternWhat is a bear flag pattern :
A bear flag pattern is a continuation pattern that resembles an upturned flag with a pole. It shows a continued bearish downtrend broken midway by a pullback – the upward channel or triangle representing the flag.
Criteria:
1. The pattern can be misleading if the retracement or the flag is larger than 50% of the pole.
2. RSI will help you gauge the strength of the pattern and the momentum after it.
How to trade it :
1. If the Flag section gets broken upside, It may invalid the pattern.
2. If the Flag section gets broken downside, consider the Pole section price range as the target from the break down point.
Check relative strength before entering the trade, It will help you to gauge the strength
Sportking India Ltd : Darkhorse with Flag and Pole PatternBSE:SPORTKING
Flag and Pole Detail Explanation:
Flag Pattern is one of the most popular chart patterns, formed by price action, which is contained within a small rectangle or a channel in the shape of a flag.
Flags are short-term continuation patterns that mark a small consolidation before the previous move resumes.
What is 'Flag' Pattern?
A flag chart pattern is formed when the market consolidates in a narrow range after a sharp move.
Usually a breakout from the flag is in the form of continuation of the prior trend.
Flags give very high risk reward ratio which means relatively small risk and high and quick profits.
Flag patterns are an integral part of technical analysis, but successful traders combine it with other forms of technical analysis to maximize their odds of success.
A flag can be used as an entry pattern for the continuation of the established trend.
Formation of the Flag Pattern
> There are pressure areas in a stock chart, which may be a minor support or resistance, or it may even be a minor target point. In this zone some traders book profit; however the trend remains unchanged. This may result in a small swing or the price may remain flat. Both the support and resistance lines are either horizontal or sloping downwards in an uptrend or sloping upwards in a down trend, forming flag.
> These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a midpoint of the move.
> The pattern has a “flag” appearance because the small rectangle is connected to the pole (the large and swift move).
> The move which precedes the flag portion of the pattern (the pole) must be a sharp move, nearly vertical.
> Flags are often considered continuation patterns, meaning that the breakout tends to theoretically occur in the direction of the preceding move.
> The formation usually occurs after a strong trending move that can contain gaps.
> The pattern usually forms at the midpoint of a full swing and consolidates the prior move.
Trading with Bullish Flag
> Flag Buy Signal - When the price has moved higher and prices have consolidated, creating a channel of support and resistance, a potential buy signal is given when prices penetrate and close above the upward resistance line.
> The pattern has completed when the price breaks out of the containing trend lines in the direction of the prevailing trend, at which point it will likely continue its course.
> Targets: The length of the flagpole can be applied to the resistance line of the flag to estimate the advance or target area.
Trading with Bullish Flag Pattern
The sideways period is often followed by another sharp rise.
This is where the trading opportunity comes in.
Once the flag pole and a flag or have formed, traders watch for the price to breakout above the upper flag/trend line.
When this occurs, enter a long trade.
Entry : After Flag breakout
TATA POWER IS GOING TO GIVE A BREAKOUT IN NEXT WEEKTata power is making a flag pattern and if it breaks the level of 252.20 the, it will give a big breakout in upcoming days.
This is the best time to enter into this stock wait for the green candle for the next week and buy TATAPOWER .
FYI: THIS IS JUST MY ANALYSIS, do your own research before investing in it.
#FEDERALBANK Potential breakout for positional betThis banking stock is consolidating forming a potential breakout from a flag kind of pattern.
The momentum on daily also has a a potential reverse divergence that is bullish if it plays out.
The momentum n=and trend indicator are bullish on all time frames. 91 could be
A good support below which could be stop loss for swing/positional trades.caution that the upside moves could
Turn out slow and treacherous since previous resistance at 110 and ash 125 level where appropriate
trailing stop loss could be applied. By the way this is big bull Jhunjhunwala invested stock.
flag pattern - high bullish opportunity - GREENPANEL🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
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