Get started

Flagpoles

PIDILITIND SERIES OF BEARISH FLAGS !!!!Chart patterns look apt for a short trade in Pidilite industries REASONS 1. PIDILITIND from September 2022 has been in Downtrend forming lower highs and lower lows 2. Currently it is ,at its 3rd BEARISH FLAG pattern (gave breakdown with volume spike) 3. Previous 2 Bearish flags achieved their targets(as per pattern-pole length) without any sluggishness 4. There is DEMAND ZONE down near 2100 levels 5. SL as shown @ chart 6. Target - 2140, 2100(trail the SL) 7. Lower low formed on Friday(24 Feb) increases the probability of our short trade Let's wait and watch how it moves!!!! NOTE- Just Sharing my view...not a tip nor advice!!!
NSE:PIDILITINDShort
by mmjimm
Flagpole Pattern : DMART (Avenue Supermarts)NSE:DMART DMART is forming one of the common Technical patterns in its Chart on a daily time frame. The technical pattern here we are talking about is Flagpole. A Flagpole is formed by strong movement in one direction creating the pole of the flag and a pennant shape by converging trendline causing the Flagpole structure complete. This is a continuation pattern that indicates the price can continue in the same direction. The Flagpole can occur either in falling or rising markets. The volume spurts during the pole and consolidates during pennant structure and again raises if the breakout occurs.
NSE:DMARTLong
by Mr_Financial_Literate