Anticipation of Breakout in SAKSOFT - ITThe stock was consolidating and moving in price range of Rs 650 - 715 with multiple support and resistance (R,R1,R2,R3)
Entry Rs 720, S/L 698, Target Rs.792
Pennant
BankNifty Intraday Trade Setup | 13th AugustBankNifty opened with a minor gap-up near resistance and we saw a rejection in the opening. We bought 36200 PE at 280 which went to above 500 and we booked great profit. We again bought the same 36200 PE around 290 which again went to 400+.
BankNifty is trading in the triangle pattern and forming higher highs and higher lows, if it opens flat tomorrow and breaks this on the upper side, we can see a 100-150 points fast move in the morning.
Expectations for Tomorrow: Trending day.
Intraday Levels:
Buy Above 36020
Sell Below 35800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Monday Bullish viewBanknifty Monday Bullish view possibilities.. after trendline breakout.. Cheers!!!
Bullish Pennant Pattern | IRCTC | Simple Trade Setup | NEXT WEEKNSE:IRCTC
After big gap-up in this week, it has been trading and making higher lows and lower highs. And it is forming a Bullish Pennant Pattern.
Fundamental
That Bullish move (big gap up )is mainly by the news of Stock Splits. On 12th Aug, board meeting is there in consideration for Stock Split.
Simple Trade Setup
Trade levels and Targets are mentioned on the chart. Hope it is easy to understand.
Do comment your doubt or suggestion.
NIFTY making a good patternAfter good rally upside nifty consolidated for two days now and making a pole and flag pattern which is same as of BANK NIFTY both were in a good move and the good rally continue after this structure is broken. Please comment down below what do you think about the next move of these index.
Godrejprop -- technical breakout Godrejprop : cmp 1433.75
Trade set up :
1. buy above 1450
2. keep stop loss as 1378 on closing basis
3. targets : 1576/1698+
4. shorter time frame of 1 to 2 months
Technical buy based on :
1. bullish flag & pole breakout pattern .
2. volume increase at breakout levels .
3. price resistance breakout .
Alembic LongAlembic Long
Pennant pattern found
Buy above - 135
SL- 126
Target- 149, 155
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
TATA POWER Retesting Breakout towards new 52 week highDetails on Chart.
Note: This is for educational purpose only
Kirloskar Oil and ENG - Triangle BOTriangle Breakout and Retesting done in Daily Chart on 16-07-21.
Now bouncing up starting it's move.
Target reached in a single day!! 5.3% gain!The stock was given on the 17th and told to buy above 2800 for the target of 2950. It hit the target today itself! 5.3% gain :)
Plz, like the idea if you liked the analysis! I am attaching the idea given on the 17th.
Levels for - 19 July 2021 ∘ Symmetrical triangle Pattern
∘ Pennant Pattern
∘ No trading zone marked as box
Long BsoftHaving a genuine flag(pennant) pattern breakout in bsoft. I added @405 levels. It is for educational purpose keep following for more ideas like these
Quess Corp - 10% opportunity in the next few daysQuess Corp has given a great move recently and is in tight consolidation
Expect a quick 10% in the coming days
Levels are mentioned in the chart
Also found is the flag and pennant pattern
If you found it useful, give a like and show your support. Happy Trading!
Regards,
Segan
