Pennant
Adani Power Near Pennant Or Flag BONear Pennant Or Flag Breakout
Buy On Any Day Close Above 107
Strict SL - 89.9 (DCB)
Target - 155
HINDCOPPER 30min chart Breakout!First lets talk about risk
Tight SL coz if those levels are broken the breakout will fail. also metal sector is not looking very bullish in short time and we are trading on 30mins chart for short term.
Now here are my reasons to trade
Stock gave a breakout on 30 min chart today with a good volume.
Stock was consolidating for 11 trading day and gave a breakout on 12th day, i.e. today.
After breakout it retested the trendline for about 1.5 hours and managed to sustain above the trendline.
On the upper side it is facing a resistance on 0.236 fibonacci levels.
MACD also generated a buy signal.
Major trend is on the positive side on a bigger time frame but metal sector is underperforming from last few sessions and as these metal stocks are cyclical. Sector is in a fear of trend reversal.
On the bright side, metal prices in India are kept artificially lower to than other companies so their is room to improve.
INFOBEAM- A chance to earn huge.Look at this beauty , how wonderfully it has given a BO
We can enter keeping the Stop-Loss below the trend line and can expect at least 20-25%.
> Patience is the key
> Wait for the right entry.
>Enter only when the risk is low.
Intraday levels - 01 June 2021 1. Price action
2. Multiple time frame analysis ( 30 min )
3. Bearish flag and pennant pattern show
4. IMportant levels marked in chart ( use pivots )
IGL - Bullish Pennant BreakoutConsolidation from all-time highs within clear pennant formation.
Pennant trend lines re-tested multiple times on the up and down side.
Big breakout from the pennant today. To watch and ADD.
Don't Miss Nifty IT Stocks - Keep Accumulating NIFTY IT Index has been in uptrend since April, 2020. The Index is about to complete its consolidation and ready to breakout a Pennant Formation on the charts as visible and
continue its uptrend.
Keep accumulating your favourite IT Stock.
(Mindtree is ready to fire)
IS COAL INDIA MAY BE FORMING A BULLISH PENANT ?KEEP AN EYE ON COAL INDIA FOR BREAKOUT ABOVE THE LEVEL OF 150.
Intraday levels - 31 May 20211. Price action
2. Flag and Pennant pattern show but stock already move big up , wait for break previous day high for more confirmation . ( use pivots to mark target and sl )
Silver ready for new upmoveDaily closing above $28 will provide required momentum and once closes above $31, we might be in for new ATHs in Silver. Plan and trade accordingly.
Disclaimer: idea only for educational purpose. No recommendation to buy/sell.
Intraday levels - 28 May 20211. price action
2. Flag and pennant pattern making ( 2 days for move )
3. Supply and Demand lines mark in chart .
Asian Paints - Flag PatternAsian Paints has formed a flag pattern in 30 min TF
Trade whichever side the pennant is broken
To motivate me, give a like and show your support.
Please stay safe. Happy Trading!
Regards,
Segan
Asian Paints Good BreakoutAsian paints has broken out from a penant and now pressing against a resistance further which a stronger upside or a shorter drawback possible.
LAXCHEM May 2021 End 🔥Pennant Continuation pattern break visible on daily chart.
You can also see a bull flag pattern broken.
Can see upside upto 241 in the next week and another upto 256 if volume continues to support.
Deepak Nitrite Getting Ready!Deepak Nitrite has formed an ascending triangle pattern on hourly charts!
The stock is accumulating buyers by making higher lows and a horizontal resistance of 1840 and its supported by RSI.
Expect a big move up to 2000 eventually after crossing 1840.
Good for a swing trade.
Coastal corp breakoutyear Symmetrical Triangle BREAKOUT.
Keep eyes on it. Only for educational purposes.
Indus Towers - 5G Play, Long Term AccumulationAs per Dow Theory, Indus Towers has over the years formed a classic "Accumulation - Participation - Distribution" pattern which has since mid-2019 reset back into the Accumulation phase.
On the fundamental side, 5G Technology is expected to be one of the big plays in the coming years.
Indus Towers has also slowly but steadily been accumulating into forming a bullish pennant. It may take some positive news or event to push it towards a breakout, but sooner or later looks likely.
Chennai petro #Refineries for short term🎯🎯there is an short term term opportunity in Chennai petro.
➣ Stock in weekly resistance zone.Anytime breaout possible
➣ Promising chart,ascending & symmetric triangle pattern in the chart.
➣ Good time to Enter.
➣ In last 3 months, mutual fund holding of the company has increased by 1.64%.
➣ Good Q4 numbers published.
Note guys this is not a buy recommendation.Do your study 🙏
Like🔹Comment🔹Support
ONMOBILE SHORT+LONG TERM ANALYSIS[b]✔[/b][b]✔[/b]💢Beat One's Brain Out💢
✔ There's an elephant in the room.
✔ expecting good future.
✔ Interesting business.
✔ Company is almost debt free.
✔ Can see double bottom in monthly frame.
✔ Can see pennant / symmetrical triangle in day frame.and almost near to BO.If it go down,just avoid and wait for a good opportunity.
One day chart 👇👇
About the Company
OnMobile Global's key product offerings of the Company are Ringback Tones, Digital Content Store and Infotainment. OnMobile is the global leader in Ringback Tones.
Note guys this is not a buy recommendation.Do your study 🙏🙏
Hope you guys learned something new
Thank You.
Like🍂Comment🍂Support
