$UJJIVANSFB Bullish Pennant BreakoutNSE:UJJIVANSFB showing Bullish Pennant Breakout, may go up if the Market allow to do so;
Target : 65
Pennant
Finnifty - Aug 9Price was falling and has formed bearish pennant/triangle pattern. 22800 zone is important to decide the trend direction.
Buy above 22920 with the stop loss of 22880 for the targets 22960, 23000, 23080 and 23120.
Sell below 22820 with the stop loss of 22860 for the targets 22780, 22720, 22660, 22600 and 22520.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
BULLISH PENNANT PATTERN IN BAJAJ FINSERVbeautiful bullish pennant chart pattern on weekly chart. Breakout is just around the corner. Very strong fundamentals, it will be the next leader outperforming the market.
IOC on a breakout IOC looking good for a short term
Consolidating for Long.
Volumes are also picking up.
Very Strong on Weekly Charts, Just a small concern is RSI is in overbought Zone and seem like it can retest also, there is a small resistance at 179 also.
Note: I am not a Financial Advisor. Your money, your profit/loss. :-):-)
Just posted the idea as it seems good and people can analysis of it's own before taking any trade.
Happy Investing 🙂🙂
Godrej Properties - Cup & Handle and Pennant Breakout Godrej Properties is making a head and shoulder in a large time frame (consolidation) for a target of 4000+. For a short-term it has broken pennant pattern for a target of 3000+. Other factors:
1. RSI will be improving
2. MACD is becoming positive
3. Double pattern formation
"Clear Charts, Easy Charts"
Learning & Earning !!!
Cheers!!
ICICI Bank: A Lucrative Triangle Breakout for Swing TradersTraders, a golden opportunity unfolds as ICICI Bank exhibits a compelling triangle breakout, marking a significant turn for those eyeing short-term gains. This technical pattern, a harbinger of potential upward momentum, invites us to dive deeper and explore the swing trading prospects it presents.
Key Observations:
Breakout Confirmation: The breakout is validated by a surge in trading volume, an essential indicator of the strength behind the move.
Support and Resistance Levels: Post-breakout, the previous resistance level of the triangle now serves as a strong support zone. Swing traders should monitor these levels for potential entry and exit points.
Swing Trading Strategy:
Entry Point: Consider entering close to the breakout point, ensuring the move is backed by substantial volume.
Stop Loss: To manage risk effectively, place a stop loss just below the newly formed support level, minimizing potential losses if the trend reverses.
Profit Targets: Set initial profit targets at the next significant resistance level, with the option to adjust based on the strength of the market's momentum.
Reliance - Pennant Breakout and ATH breakout !!!!Reliance has given a Pennant Breakout with volumes. We can see price moving towards 3800+. Other factors:
1. RSI is above 6o on weekly basis
2. MACD is becoming +ive on higher time frame
3. ATH breakout
4. Volumes is steady
"Clean Charts, Easy Charts"
Learning & Earning !!!
Cheers!!
Apollo TyreWe can see the breakout from Pennant Pattern and Possibilities of Stock Rally
Keep on watch listing breakout round happen very soon
USDT.D FORMED BEARISH PENNET HUGE CRYPTO BULLUSDT.D has formed a bullish pennant pattern, and the daily RSI is in the overbought area. At the same time, the weekly RSI trendline has been rejected. This indicates a likely decline for USDT.D, giving the crypto market a chance to move upwards—a bullish sign for BTC and crypto. 🚀📈
#USDT.D #Crypto #CryptoMarket #BullishPennant #RSI #Overbought #MarketAnalysis #CryptoTrading #Bitcoin #BTC #Altcoins #Bullish #CryptoInvesting #TechnicalAnalysis #CryptoSignals
HUGE BULLISH SIGNAL FLASING FOR BITCOINHey friends! Today, I've got an exciting idea about BTC. On the weekly time frame, BTC has clearly formed a bullish pennant pattern. If you observe the daily RSI, it has reached the oversold area, sweeping all liquidity from the market. The weekly RSI is also around the 50 level, indicating a potential bounce with hidden bullish divergence. This suggests a strong upward movement with a target of $106k! 🚀💰
#BTC #Bitcoin #Crypto #BullishPennant #RSI #HiddenBullishDivergence #CryptoTrading #TechnicalAnalysis #CryptoInvesting #MarketUpdate #CryptoMarket #BullRun #BTCto106k
Bullish Pennant Breakout: Retest Targets $1,000 MilestoneBinance Coin ( CRYPTOCAP:BNB ) has recently formed a bullish pennant pattern, suggesting a strong potential for upward movement. This technical formation, characterized by converging trend lines following a significant price increase, indicates that the market is consolidating before potentially continuing its upward trend.
The breakout from this bullish pennant has been accompanied by substantial trading volume, reinforcing the likelihood of a sustained move higher. With the retest of the breakout level successfully holding, the technical outlook is bullish, pointing to a potential target of $1,000. Achieving this target would represent a significant 68% return from the current price level, offering a promising opportunity for traders and investors.
Key factors to watch include the continuation of high trading volume and maintaining the breakout level support, which will be crucial in confirming the strength of this bullish move towards the $1,000 target.
DLF - 3 in 1Patterns I see in the chart are 1. Symmetrical triangle 2. Bull pennant 3. Bull flag. I like symmetrical triangle as it has the chance of moving the price up or down.
Resistance is seen at 880 zone. Support is seen at 860 zone. So price has the opportunity to move within 860 to 880 and form a range.
Buy above 874 with the stop loss of 868 for the targets 879, 884, 890 and 898.
Sell below 858 with the stop loss of 864 for the targets 852, 846, 840 and 832.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Cup and Handle Pattern in Finolex Industries on Weekly ChartFinolex Industries has making good chart pattern on Weekly time frame.
Buy (Half qty) at 235
Buy (Full qty) at 250
SL at 200
Target 1: 280
Target 2: 305
Target 3: 350
Bullish Pennant Pattern Good volume buildup in daily and weekly timeframe.
Bullish pennant breakout with volume buildup.
Election result also has impact in this breakout. Let see whether the breakout sustains of not.
If the current candle high gets broken can give opportunity.
NOTE: I do my analysis do your before trade.
ETH : 3 important patterns detectedETH : 3 important patterns detected
On the decline :
1- Rising Wedge The price can go lower to 56 000$
_______________________________
On the rise :
2- Falling Wedge : The price can rise to 4 144 $
3- Bullish Pennnat : The price can reach 4 892 $
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To monitor :
- EMA.50 and EMA.200
- ICHIMOKU levels : Tenkan and Kijun
#BTC/USDT Primed for Breakout#BTC/USDT Technical Analysis: Two Potential Scenarios
Scenario 1: Symmetrical Triangle Formation
- **Current Pattern**: BTC/USDT is forming a symmetrical triangle, a common continuation pattern that usually indicates a period of consolidation before the price moves in the direction of the previous trend.
- **Upward Breakout**: If BTC breaks above the upper trendline of the triangle around $75,000, this could indicate a bullish continuation. Such a breakout would likely attract significant buying interest, potentially driving the price higher and grabbing liquidity above this key level.
- **Downside Risk**: Conversely, if BTC breaks below the lower trendline, the next major support level is around $61,000. This would suggest a bearish scenario where the price could decline further, testing this support level.
Scenario 2: Bullish Pennant Formation
- **Current Pattern**: BTC/USDT is also forming a bullish pennant, another continuation pattern that often occurs after a strong upward move. This pattern indicates a brief consolidation before the price continues in the direction of the prevailing trend.
- **Bullish Breakout**: If BTC breaks out from the pennant formation with strong volume and momentum, we could expect a significant upward move. The target for this breakout is around $85,000, based on the height of the initial flagpole leading into the pennant formation.
- **Confirmation**: For this bullish scenario to be validated, the breakout needs to occur with substantial volume, confirming the strength of the move.
Apollo Tyres - BIG MOVE !!!Apollo Tyres is trying to break the channel. Once it breaks we can expect the price to move to 750+. Other factors:
1. Apollo Tyres is an upward channel on a longer time frame and is doing a price correct on a shorter time frame.
2. Keep monitoring RSI, once above 60 will give a rocket move
3. MACD will improve as the price moves up
4.Best YOY performance
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!
ODFL / OLD DOMINION FREIGHT LINE INC | Bear Flag/Pennant PatternNASDAQ:ODFL (Old Dominion Freight Line Inc)
Engages in the provision of regional, inter-regional, and national less-than-truckload services through a single integrated, union-free organization.
Its services include container drayage, truckload brokerage, and supply chain consulting.
Stop Loss Price :- 184.40
Stop Loss Trigger Price :- 184
CMP
Entry Trigger Price :- 181.15
Entry Price :- 180.80
PFC - Pennant Breakout !!!PFC has just broke pennant set-up and ATH is 430. Once 430 is crossed, we can see a movement towards 550. Other factors:
1. Volumes have started picking up
2. MACD is getting positive
3. RSI is showing bullish signs
4. TTM revenue is highest ever, so is PAT
5. Given the Govt expansion plans, we can see PFC playing a major role.
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!
REC - Pennant Breakout!!!REC has shown pennant breakout. We can expect the price to move to 575-600+. Other factors:
1. Volume has started picking up again
2. RSI is bullish
3. MASD is showing bullish signs
4. Highest TTM revenue and profits
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!!
