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Pole and Flag Pattern 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. The flag pattern could be bullish or bearish pattern. Flags can be seen in any time frame but normally consist of about five to 15 price bars. Targets: The length of the flagpole can be applied to the resistance line of the flag to estimate the advance or target area.
NSE:RALLISLong
by PrasantaP
Shree cement long opportunityNSE:SHREECEM Stock -> Shree Cement TimeFrame -> Weekly Hello all! Shree Cement has been moving in a channel since Feb 2016. It came back to its lower channel trendline, bounced back with extremely high volumes and also broke trendline 1. I believe it makes for a good opportunity to go long! There are multiple other factors that strengthen my conviction on going long: -Support from both 50 and 200-week EMA -Support from both 50 and 200 daily EMA -Presence of a strong support zone The Risk reward ratio is also decent. The ideal place for entry would be at the retest of trendline 1, although a few quantities of the stock can be bought at the Current market price. *NOT A CALL* #shreecement #technicalanalysis #stocktrading #swingtrading #nifty #markets #trading #investing
NSE:SHREECEMLong
by Traders_Town
BULLISH on ASAHIINDIANSE:ASAHIINDIA ASAHIINDIA has given a breakout and has made a 52 week high after 6 months of correction. The volume is also high on the breakout. The MACD has also given a bullish signal. The price is trading above the moving averages which shows bullishness. The RSI is also trading above 50 which shows good momentum. This view is for long term as the price is given all time high breakout. You can also invest in this stock and i will update when to exit. The SL level is around 550 levels. Disclaimer : This is my own analysis and view. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:ASAHIINDIALong
by Kunal-Battu
BTC/USD - Weekly OverviewThe month started with bearish sentiment and still prevailing as the world’s largest cryptocurrency is unable to maintain sustainability above the crucial psychological mark of $20K. Since the past month, the price level had a negative breakout from the rising channel pattern and currently possibly forming a falling wedge. Furthermore, it should be noted that BTC is struggling at the lowest level of Fibnonnaci retracement table. Technical indicators including RSI are also replicating similar sentiment as it had failed to break above 50 since mid of the past month. During the previous week, MA-50 faced a sharp negative breakout against MA-100 which suggests that further correction can occur. Overall, Bitcoin needs to sustain crucial support levels including $19K and $17K. If there’s a quick of sentiment in the market conditions, resistance levels can be placed at $21K and $23K.
COINBASE:BTCUSDShort
by TradeDog-Research
Potential Multi-Decade Breakout NSE:CELEBRITY Celebrity Fashions Limited is engaged in manufacture of all types of textile garments and clothing accessories. The Company also has its own national menswear brand. TTM EPS: 1.79 TTM PE: 11.62 Sector PE: 46.08 Book Value Per Share: 1.68 P/B: 12.39 Face Value: 10 Mkt Cap (Rs. Cr.): 107 Some Positives: High Piotroski Score - Companies with strong financials Rising Net Cash Flow and Cash from Operating activity Company with high TTM EPS Growth Strong Annual EPS Growth New 52 Week High High growth and High Return on Equity (ROE) with Low PE ratio Growth in Quarterly Net Profit with increasing Profit Margin (YoY) Company able to generate Net Cash - Improving Net Cash Flow for last 2 years Stock gained more than 20% in one month Strong Momentum: Price above short, medium and long term moving averages Some Positives: Decline in Net Profit with falling Profit Margin (QoQ) Declining Revenue every quarter for the past 2 quarters Companies with High Promoter Pledge My Opinion: Mcap of the company is very low for my liking but fundamentally the company is doing good with Piotroski Score 8. Usually when such multi-year breakouts take place the returns are significantly high. In couple of years this stock can even touch 100 possibly. Invest at your own risk. NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:CELEBRITYLong
by babutaaniket
1
Astral 1:6 risk / reward we can see it"s a high probability trade because it has formed 3 bullish patterns in multiple time frames with that it has already achieved 42% of the target and we can still expect 10-12% more . I am expecting a retest at 1 hour channel pattern and goint to enter with a risk of 2.5% and a reward of 12%-14% 1- technical chart patterns in our favour. 2- multi time frame analysis results are bullish. 3- market (nifty 50) also seems positive. 4- fundamentally good
NSE:ASTRALLong
by asiddharth60
BTC/USD - Weekly OverviewThe overall market conditions are falling into the bear trap towards the end of August. The past monthly performance of BTC suggests that the upcoming month of September is said to be bearish and the build-up is witnessed during the end of August. Pretty much similar happening in the current market scenario. Moreover, after a negative breakout from the rising channel pattern during the past week, the price level has faced a steep decline and potentially formed a falling channel. Technical indicators suggest that more downfall can be expected in the upcoming days. RSI level has reached the oversold region and needs a positive bounceback. MACD levels have gone below the histogram again and faced multiple bearish crossovers. Overall, incase of further downfall, support levels can be placed at $18K and $17K. However, if the world’s largest cryptoasset showcases some positive momentum, resistance levels can be placed at $21K and $23K.
COINBASE:BTCUSDShort
by TradeDog-Research
Trading Style verses Trading TimeframeHi all 👋 We all know about three types of trading styles -- investment, swing trading and day trading. Yet most traders remain confused when it comes to trading timeframes. Through this post I just want to eliminate this confusion once and for all. Let us understand some basics.... ✅ Anchor Chart This is the chart used to determine the trend of the market. It conveys a trader whether the market is in uptrend, downtrend or sideways. It sets a bias for the trader. It also conveys us the information about the major support and resistance levels. These levels may provide excellent trading opportunities in future. ✅ Trading Chart Now that we know the trend through the Anchor chart, we have to take our trading decisions. Anchor chart is too big to take trading decisions. Reason being your stop loss would be too wide if you trade on the basis of Anchor chart, so we have to shift to a lower timeframe. This time frame is usually 4-5 times lower than the Anchor chart time frame. This lower time frame helps a trader to pinpoint his entries and decide upon his stop-loss to avoid unacceptable losses. Also minor support and resistance levels are more clear on this chart. ✅It is your trading style which determines your trading timeframe. For more clarity, refer the chart above. ⏰ Bro tip 🚩Anchor chart helps you to trade in the direction of trend. 🚩When the trend is up on the anchor chart we should look for only buy set-ups on the trading time frame. 🚩When trend is down on anchor chart, we should look for only selling opportunities on trading time frame. 🚩When trend is side ways, buy at the support and sell at the resistance. Hope this post will be useful for some traders and to the very least reduce the confusion regarding timeframes. Thanks for reading @Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
5
Metal index - Possible reversal zone. When we saw heavy selling in US stocks at the same time we have observed weakness in some of indian index. Metal index is one of them. 5900 is a crucial resistance zone where index been rejected multiple times and even last week price broke out but failed to sustain & friday we saw rejection from the zone. A reversal candle will confirm the pattern and can initiate shorts in Metal stocks. Fib Level - Retracement pending, 50% of retracement is near 5200. Technical - Successfully completed the Cup and expecting the formation of handle
NSE:CNXMETALShort
by TheStocktrader_Skn