BSEBSE is making pennant formation on weekly chart. though it has given good run up in past few months. however with time correction it still seems to have some steam to take it further in next few months.
Pennant
NSE:SBIN LevelsNSE:SBIN
#SBIN All levels marked on chart,
Got rejection from resistance and trading @ Support now.
SRFplease refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
ACE Ready for BreakoutLevels are explained in charts with Entry, Target & Stop Loss.
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ABB India Cmp 2335 dated 5-2-2022ABB India Cmp 2335 dated 5-2-2022
1. Consolidating In a Parallel Channel
2. Pennant Pattern.
Buy above 2370 Tgt 2450-2600 SL 2270
Sell Below 2270 Tgt of 2225-2175-2100 SL 2335
It is just a view, pls trade at your own risk.
Bearish Pennat TradeThis is best example of bearish pennat trade.
if you want to learn chart pattern please comment.
TataCoffee|Breakout Candidate 8 Month Consolidation|40% PossibleNSE:TATACOFFEE
8 Month Consolidation in Triangle Pattern after Multi-Year Breakout in June 2021
Support Retested twice on long term trend line
During Consolidation Price Increase but RSI Decrease >> Sign of decreasing Volatility and Accumulation
Monthly & Weekly RSI > 55 and increasing
Positional Buy Above 250 (Fibonacci Resistance)
Target : 294 - 321 - 368
SL : 180
Golden Cross Over
GENUS POWER BREAKOUTLevels are explained in charts with Entry, Target & Stop Loss.
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Indian hotel turning bullish.Indhotel is just respecting the resistance that it has been respecting for from 13th oct.
Last day candle show some bullish movement but closes just near the resistance.
Tomorrow or day after tomorrow it may give a bullish movement closing above the symmetrical triangle pattern.
Break out above 212 can take the stock to 220-222 levels.
Target :- 220,225
stop loss :- 207
DR REDDY SWING TRADEIt's forming TRIPLE BOTTOM pattern wait for reversal candle,
As we know market discounts everything so the downfall happened before the earnings data release on 27 jan
so there would be profit booking and new buyers should come
keep an eye on it.
NSE:AXISBANK Trading bullish, Weekly chart updated with levels !NSE:AXISBANK
#NSE:AXISBANK Long levels updated for long term view !!
Thakur to gayo #AU bank risk is so small please look for entries.
please refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
DABUR Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
PowerGrid - Powered up Breakout of PennantPowerGrid has broken out of a Bullish Pennant with a big 5% green candle today.
This movement coincides with a crossover in the MACD indicator, signaling the commencement of an upward trend.
HDFCBANK 15Min AnalysisHDFCBANK trading in Pennant Pattern signaling sideways action for 10-01-21. Avoid trading HDFCBANK until it breaks the Pattern. If price breaks above the pattern then we can see 1575 and 1600 levels, break below of the pattern can take price to 1500.
IRCTC Long Setup Pennant BreakoutIRCTC broke out from Pennant pattern after consolidating for 55 bars(daily). Breakout has good volumes and price is setting up for a target for 990 and above with a stoploss at 848. We can buy dips till 873, setup will be invalidated if prices crosess below stoploss level.
HFCL READY FOR BIG MOVELevels are explained in charts with Entry, Target & Stop Loss.
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Flag & Pole Breakout
Strong rangebound consolidation & near breakout
400 range entry with SL below 385-375 support range
at 325 entry level took 200ema daily support & RSI divergence
REDINGTON [Bullish pennant]The bull pennant is a bullish continuation pattern that signals the extension of the uptrend after the period of consolidation is over
TAREGETS are open after breakout with high volume or wick rejection .
I am not a sebi register this only for education purpose .I am not responsible for any loss or profit
bullish pennant pattern trade setupgranules : cmp 316
stock is trading with bullish pennant pattern .
usually trades are taken when upper price trend line is taken out with volume .
our trade can be initiated at lower price support trend line where its trading now .
we can extract the up move from this support zone too .
bullish pennant forms after a big up move of a stock to form pole .
followed by a corrective phase in a triangle similar to symmetrical one,
with higher lows and lower high respectively to form pennant.
trade set up :
1. buy till 310
2. keep stop loss as 288 on closing basis
3. targets : 335 / 353 / 374 / 404 /446 /500+++ long term pick
technical set up :
1. bullish pennant pattern
2. trend line
3. support & resistance
NSE:TATACOMM Cup&HandleNSE:TATACOMM
#NSE:TATACOMM formed beautiful cup&Handle pattern...
Message me for levels, check the details on my profile.
NSE:LALPATHLAB All levels mentioned on chart !!NSE:LALPATHLAB
#NSE:LALPATHLAB trading bullish and BO TL
ALl the levels mentioned on chart.
Safe side both the ways marked.
