KEEP GMR infra in your watchlist forming a Penant buy once it close above 44 on daily basis keep stop loss 34 on DCB (Daily close basis) Tgt by Mar'25 can be in range of 70-75 happy learning happy investing
Hi-Tech Pipes Ltd Small cap share ,so very risky one ............ DIIS increased their shareholding in Jan 2024, can see the data in the link given... forming Bull Pennant Pattern....... Wait for the breakout and trade ,trade as per your risk apatite.........
A pennant pattern is a technical analysis chart pattern that forms after a substantial price movement in either direction. It represents a temporary pause or consolidation in the market before the price continues its previous trend.
Bullish Pennant Pattern is progressing in RELIANCE. It is a continuation patterns where a period of consolidation is followed by a breakout.
blil after ex date of sept 20 will fall 40-80 rupees price may come to 370-400 that is best to accumulate if you want dividend can take or just exit now and take later at lower price you can consider bpcl also along with blil as a pair swap , if you take bpcl dividend will be 58 rupees and bpcl might fall to 400 also then we can swap to blil resulting in higher...
SBIN forming Bullish Pennant pattern. This might be good for swing trading. Points to Considered: 1. Pattern formation 2. Volume analysis 3. Any Conformation for Entry 4. RSI
Many times it is not easy to spot the pattern in candle stick. So comes handy to view charts in line format. Also to have a satellite it is better to also keep track of monthly chart. We can see there is clear triangle breakout in this line chart. One can even consider it as a Pennant at this scale.
As Mentioned in the comments section of the last post. 2055 has been capitalised by Bears. So it is still Too Early to Write off the Bears. Even FOMC, like most of the times has failed to give directions. NFP could finally provide clearer Directions hopefully. Until then, Expecting a Rangebound Movement Between 2053 zone & 2021 zone.
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...
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!!!
IREDA forming Bullish Pennant pattern. This might be good for swing trading. Points to Considered: 1. Pattern formation 2. Volume analysis 3. Any Conformation for Entry 4. RSI NOTE: IF IT CLOSE BELOW 20-EMA & RE-TEST IT, DO NOT ENTER FOR LONG.
Multiyear breakout stock. Ready for new All Time High after small retracement. High probability excellent Risk to Reward trade.
#Aarti ind cash -Positional call 19.01.2024 looks good around 656-664 Stoplosss 625 Tgt 708/740/790 Cmp 678.90
#TRACXN may be a new #Multibagger -CMP 118.4 -BOX pattern #breakout+ bullish pennant in DTF -Monthly AscendingCPR -Huge volume buildup near breakout zone Suppt -106 #BREAKOUTSTOCKS #banknifty #nifty #Wipro
#Syngene Int Cash -Positional call 11.01.2024 Looks good above 750.10 and dips 732-735 Stoploss at 710 Tgt 770/800/840 Cmp 742.50
CHENNPETRO consolidating after a big rally, and the stock is in a strong up trend ( stage 2) now the range of the price ( narrow range candles) is tight and volume dried, and today price range expands with increased volume. follow-through range expansion happens it will be a potential short-term swing trading opportunity. DISCLAIMER: All ideas, opinions, and/or...
Gold happens to Remain in Up Trend, however the Exhaustion is becoming apparent. Mark the Trend Line. Trending move on either side break and sustain is possible. Either of the Supply/Demand Zones could be tested. Looking at the weakness 2000 1980 are possible zones that could be tested in coming sessions. However, Keep watch on the trendline break. And...
A cup & handle Breakout in conjunction with Triangle Pattern Breakout Retest is pending for the triangle pattern breakout. Hindalco is moving based on the support line support for long. Waiting for a retest to enter with SL below closing of the support TL One can enter now as well with 50 % qty just not to miss the trend for targets of 510/550/630. DISC: Only...