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Pennant

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
Chart of the week. GMM Pfaudler. 2/9/22Last week GMM attracted my attention around 1700 when it was in a process of making a Bullish Wedge / Symetrical triangular pattern on its weekly chart. 1700 was a strong resistance for the stock since one year . After a year long consolidation and after discounting all the bad news (offer for sale etc.) the stock is finally given a breakout above 1700 with a huge volume . GMM is MNC and is a market leader in his business. This is a very good Techno-funda stock as there have a monopoly business in India. The company is very good Fundamentally too. On weekly charts it has created a continuation pattern after a long consolidation, therefore, I recommend this stock for investment. Now we can expect the stock testing its previous all time high of 2100 which is around 15% gain. We will review this stock again at 2100. CMP - 1825 Weekly Target - 2100 Weekly SL - 1700 Weekly View - Short to Medium term.
NSE:GMMPFAUDLRLong
by AbNamjoshi
IndiaMART is ready for Blast IndiaMART, the country's first and largest B2B digital marketplace, has emerged as a game-changer in the B2B scene. It focuses on quickly and easily integrating Small and Medium Businesses (SMEs) into the new paradigm; it is continually pushing the boundaries of innovation to make the online marketplace more accessible, visible, and engaging to them. This B2B classified market connects buyers and suppliers. On the platform, there are 14cr+ customers and 70L+ providers. Because 36% of providers are also purchasers, the system is remarkably self-sustaining. A subscription-based business model that is simple to administer. Technical :- In this, Price made a symmetric triangle pattern in higher time frame and also made a bullish penant pattern in smaller time frame. Entry :- 15min Time Frame triangle breakout retest Stop loss :- ₹4580 Targets :- ₹5255,6875,7770,8800,9670,11390,13570,17390,19520 (Big targets are for the long term)
NSE:INDIAMARTLong
by Sanaatani_trader
[Positional] IGL Long IdeaIGL has created a very good 'Flagpole Pennant pattern on daily basis. There was sharp upmove observed from the levels of 350 -440 (8 aug - 16 Aug). After that the stock has been consolidating only from last 10 sessions and the range is getting smaller and smaller creating a pennant. What Is a Pennant? - A pennant is a type of continuation pattern. - When there is a huge movement in the stock, it forms a flagpole like structure- a very straight up move of more than 3 huge bullish candles. - After this strong up move there is a little break to buying and consolidation begins - consolidation creates a triangle shape attached to a pole - called as pennant. - Pennant formation normally says that there is still some buying left and this is just a break and the trend will again continue in the same direction as the initial large movement if it breaks on the same side as initial trend. We are supposed to enter the trade once the price breaks out of this consolidation triangle - Pennant. It is advised to only take trades in the direction of the initial trend. Stop loss can be the low of the penannt. Entry:- 424-430 (whenever price breaks the pennant on daily closing candle basis) SL:- 402 (low of the Pennant) Target :- 477
NSE:IGLLong
by Santosh_A_Chavan
1
BAJAJ ELECTRIC - Falling Wedge + Bull pennant breakout - SwingThe 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:BAJAJELECLong
by TradewithAditya
Nifty futures 15 min chart Wyckoff Re-Accumulation StructureMultiple bullish signs clearly evident in the chart - The structure of Higher Highs and Higher Lows - Price Volume Analysis showing clear bullish volumes (volume increase on up move and decline on down move) - Reversal Action and spike in volume at trendline support repeatedly - Price Action and slope of the buying wave and selling wave comparison - A Pennant pattern overall in a trending market Can look for all these confluence factors in the annotated chart. Please like the post if you find it useful as it will give me incentive and confidence to post more charts based on the powerful technique based on Wyckoff
NSE:NIFTY1!Long
by thelastbull
1
IRCTC - INVERSE HEAD AND SHOULDERIRCTC formed a inverse Head & Shoulder pattern in D1 time frame and gave a breakout with good volumes. After breakout it's in consolidation phase and thus formed a flag and pennant pattern in H1 timeframe. High probability setup will be breakout of flag and pennant in bullish direction. Try to Avoid bearish direction. Disclaimer :- I'm not a SEBI registered analyst. This all are my personal views and not a recommendation. It's only for educational purpose. Do your own analysis before investing.
NSE:IRCTCLong
by abhijit2608
Will BEL Sustain ?This is 1D timeframe. After a good bullish rally it went in a consolidation for last 3 months and now showing some strength. 1] Last day it had gave breakout from this bullish pennant pattern, with a strong Bullish Belt Hold candlestick type. 2] It have recently gave strong rejection to bears and have formed bullish hammer at support trendline. 3] Volume increment with breakout. It is near it's short term resistance(R1) which is at 249-252. If this is broke by it in next coming days and give a closing, then there is high propability that it may hit it's 52 week high. This post is for information purpose only.
NSE:BELLong
by AkshayAdak
KIRLOSBROS - Bullish Pennant FormationGood bullish Pennant formation. Pull back from all time high and consolidated in a falling wedge pattern, giving a breakout. Risk reward ratio is very much favorable at 1:4 with the SL-closing below 345 and 1:2 with SL below the support trendline, targeting back to the All time high range of 500 LTP 372. Please see weekly and monthly time frame view in the links below DISCLAIMER - Please do make your own analysis before investing.
NSE:KIRLOSBROSLong
by BullsVsBears_NSE