Pennant
KVB Bank 15 min Chart; Bullish Pennant FormationOn 9th Nov 2021, the stock gave a strong upmove as the market opened, thereby consolidating over the day. The structure resembles a bullish pennant formation on 15 min chart (Quite visible at 1H charts too). Support Region remains around 55.5-55.6. A breakout from here can instill fresh momentum in the stock and further upmove.
**I am not a SEBI Registered Advisor, Kindly consult your advisor before taking Trade**
Bitcoin's bull pennant on the 1HIt looks like Bitcoin is forming a bull pennant on the 1h. The technical target out of the bull pennant is around 70.7K.
I would place my tp just slightly behind the target to prevent it from not being hit.
I would trade this pattern only if it break out to the upside. this how my trade setup would like. What do you think about this set-up?
NFA
Arihantcapital can expect 5-15% can see it has already corrected from an high of 188.85
currently good to take or wait for breakout
can keep sl at 133 ,,tgt -1 160 ,or can add on dip if breaks down at 125 instead of stop loss already stock corrected so low chance that it will break down
rsi shows positive divergence and macd turning positive
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
pennant / flag pole buy setup!shriram transport : 1321.50
trade set up :
1. buy till 1306
2. keep stop loss as 1256
3. targets : 1421/1517/1644
technical buy set up:
1. pennant
2. flag & pole in weekly pattern
3. triangle
4. support / demand zone
5. high volume in bull / low volume or below average in bear .
time frame 1 month for target 1 / 3 months for rest of the targets
Spice jet-Symetric triangleSpice jet constantly hitting resistance and taking long term support.
Now its approaching symetric triangle breakout daily,weekly & monthly timeframes
PSU Bank BreakoutStock is moving with Higher Low's.
Ascending Triangular Pattern breakout confirm on Weekly chart's.
Breakout candle is very strong.
MACD supportive to breakout.
MACD Indicated Positive crossover too along with Sharp Uptick in RSI.
RSI comfortably staying above 60. One can see consolidation near 50-60 zone too.
Stock has given breakout with Strong Volume Rise.
PSU BANK INDEX chart too indicating breakout is near.
Buy this stock with long term/ Medium term swing prospective.
Weekly closing above 200DEMA level, may trigger next leg of Rise.
Not giving any target's.
Stop-Loss can be weekly closing below 50DEMA or 148-150 level's.
Keep adding this stock in Pull Back's.