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...
Icici bank is in uptrend after up trend retrace and try to make bullish pattern
Vikaslife Care Is A Penny Stock Has Made A Triangle Pattern Has Ahigh Potenital For Breakout With Volume . Follow For More !
HDFCAMC has formed a pennant pattern on a daily timeframe which is being backed by the support zone. Reasons to enter - 1. Accumulating for the last 4 trading sessions. 2. Testing the trendline 3rd time. 3. Overall Market structure is bullish
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...
Logic (Range bound): In shorter period, it's ascending triangle (green lines). In longer tf (red downtrend line is longer time downslope trendline), it's symmetrical triangle (pennant). Most likely the breakout will be at higher level only as the shorter term is bullish. Fundamentally : Kotak Bank is the _best_ asset quality bank across PSU and pvt banks. Very...
buy=103.60 target=113.25 stoploss=95.75 early breakout entry for pennant pattern. head and soulder pattern breakout in small time frame (1 hour)
Formation on daily charts, indicating a big move. Either 600 points down or up 200 EMA actingg as a support..
Copper is giving a Bullish Pennant pattern wait for breakout confirmation and take trade
Price 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...
price has made a very popular chart pattern with lower highs and higher lows i.e. Symmetrical Triangle . Pattern has been broken out and the latest candle has closed above the breakout candle. Nice time to enter in this stock. Entry= current price StopLoss= 79 Target= 87
Last 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...
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...
IGL 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...
A Bull Pennant Pattern Formed in MRF After a Rally After a Breakout You Can Expect a Good Move Again
Shree Cement Long -Pole & Pennant Intraday wise looks great to long trade Pattern - Pennant
Shree Cement Long -Pole & Pennnant Stop -24138 Targets -24880 & 25000 So on Looks great for Buy
INVESTMENT PICK SHRI BAJRANG ALLIANCE LIMITED BULLISH PENNANT PATTERN Buy @ cmp & in dips till 195 | Tgt 400 / 600 / 750+