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Pennant

Bitcoin Short-Bearish Pennant BreakoutBitcoin is making a pennant pattern which is about to breakout. It's a bearish pennant ,formed in 4h time frame.A bearish pennant usually breaks out downward but during the mixed emotions of the market and its' volatility can be cause of uptrend too.Also the market is on downtrend for a long time so a up move can be expected too. But the major signs is in favour of bear market so keep an eye guys.wait for the move.The targets of upward is 18916 and 20997.and the downward target is 15640 and jump to 12133.Happy Trading.
BITSTAMP:BTCUSD
by marketshero
EaseMyTrip Price Action AnalysisThere is a pennant (symmetrical triangle) pattern formation (blue triangle). By choosing baseline charting (instead of candlestick or range), you can visualize the swings. As of now it's hitting the resistance of 403. If it able to break the previous swing high (409 on 04/10) with volume, it can go high (~425). But see the black dotted line. That's a "prediction" heuristic (no guarantee, it's just a heuristic) where price-action can go. If it fails to break the upper trend line, then the range is: 400-375.
NSE:EASEMYTRIP
by pradipandsuvra
ATUL Ltd Cmp 8444 dated 3-11-2022 PENNANT FORMATIONATUL Ltd Cmp 8444 dated 3-11-2022 1. Pennant Pattern on chart 2. RSI Reversal Buy above 8460 for target 8550-8730-8810-8930 SL 8300 Disclaimer : I am not a Sebi registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, pls trade at your own risk.
NSE:ATULLong
by SHEETAL_UDESHI
1
BAJAJFINSV - Bullish Pennant Breakout - Great Potential - Swing The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:BAJAJFINSVLong
by TradewithAditya
Dr Reddy: Unable to sustain breakout above key level NSE:DRREDDY seems could not be able to pierce through the major resistance line around 4625 (the recent swing high). Note the volume. It's pretty significant and coincides with the Q2 result. So, things are interesting here. Chartically, the following traits are seen: A Head & Shoulder formation is seen with the neckline around 4200. There is a downtrend line coming down since last one year. The downtrend line & the H&S neckline is creating the symmetrical triangle (pennant) pattern. Now the most interesting part: 31/10/22 has it's Q2 earning date. And see the volume, huge surge. BUT The volume surge does not able to push the price above its recent swing high (Head of the H&S pattern) 4625. Rather it closes (CMP: 4433) closes near its long-term support line of 4420-4430 level. For it to go up, has to convincingly break past 4625 level. Tradewise, Resistance: 4625 Support: 4290 Next target: 4750/4900 The breakout above 4625 has to sustain good volume.
NSE:DRREDDY
by pradipandsuvra
InfyPrice is consolidating within small range. Formation of symmetrical triangle, bear flag is seen in the chart. Plan A : Sustaining 1395 - 1405 can make the price to move towards 1420, 1440 and it have to sustain 1440 to move up further. Plan B : Shorting at 1386, when there is bearish sign for the move towards 1374,1360. Plan C : Understanding the trend strength and trade if the price is moving within the range 1387 - 1405. Always have plans for different market movement, so that adapting it will become easy.
NSE:INFY
by vanathi
4