Pennant
Buy RefexRefex has been consolidating and price action/volumes not showing any weakness.
It has retested the last breakout level which acts as a demand zone now.
Buy ABOVE breakout level for a safe trade! 1:3 RR ratio is possible!
Levels mentioned on chart.
SbinBuy above 386 with the stop loss of 383. Targets are 389, 392 and 395.
Sell below 380 with the stop loss of 383. Targets are 377, 374 and 371.
Usha Martin - 3 week Triangle/VCP BO post 9yr BreakoutMoving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
HFCL 4yr ATH Breakout H&S / Triangle BO (on 45min chart)Moving along with sector.
SL: Depending on your risk appetite: Below Weekly Breakout Candle / 50% of weekly Breakout candle / Below Daily BO Candle.
TGT: After a vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
Symmetrical Triangle - Bullish ?? Depends on Q4 Result.Symmetrical Triangle Pattern.
Q4 Result on 12th May, stock is shown very less movement and in a range before results.
Wait for the confirmation breakout ,get confirmation from Volume as well to prevent false breakout.
Short term View For 15-20% GainEverything explained in the chart, do Comment, Like and Share if you like my Analysis
Continuation Pattern (Pennant)As the stock is in high momentum but MFI is giving a negative divergence we can expect a dip in the price so enter accordingly as mentioned above. Also stock is having good volume which is another good indication to enter. Stock has also given a multiyear breakout.
#educational #investment #stockstobuy
SAIL - breaking its pennant patternSAIL is forming a pennant pattern in 1 month chart with targets of 162 if it crosses levels of 140
SAIL ( Steel Authority of India ) Targets -
Breakpoint of pennant pattern = 133
Target 1 = 140 ( crosses on 7th may, 2021)
Target 2 = 150
Target 3 = 162 ( If it crosses levels of 140 )
Time Frame of Chart = 1 Month
Time to cross Targets < 20 Days
NBCC : Pennant Breakout ...as we can clearly see after the channel breakout the consolidation period is continue and there is a pennant pattern making which is again ready for the breakout ..for the confirmation the MACD indicator also shows the BUY signal in the chart.
if it breakouts we can go for the long... we can also wait for for the retest.
DEEPAK NITRATE HEADING WITH A PENNANT PATTERNDeepak Nitrate is fundamentally a very strong company.
Piotroski Score - 9
Deepak Nitrate is showing a pennant pattern in 5 day Chart.
Targets of Deepak Nitrate -
Target 1 - 1923
Target 2 - 1966
Target 3 - 1980
"SAIL" is ready to sail in the sea with its pennant patternSAIL is forming a pennant pattern in 1 month chart with targets of 162 if it crosses levels of 140
SAIL ( Steel Authority of India ) Targets -
Breakpoint of pennant pattern = 133
Target 1 = 140
Target 2 = 150
Target 3 = 162 ( If it crosses levels of 140 )
Time Frame of Chart = 1 Month
Time to cross Targets < 20 Days
Pennant (Regular Triangle) forming in BANKNIFTY (15 Mins)Triangle formed last day in bank nifty, you can wait for real break out before taking the shot on CE or PE.
Always choose +300 points or -300 Points from the bank nifty current price for the same movement, Use sensibull app to watch the option chain.
Follow for more...
Expect a Break-out!Happiest Minds have formed a nice inside bar candle pattern with a trendline support!
Also, volumes are dried up which signifies that demand & supply is exhausted.
Multiple upper shadows are at 659 level. Thus, the Breakout level is 659.
Expect 695 as the first target.
PNB SHOWS A FLAG PATTERN PNB HAS A CURRENT PRICE OF ₹35.05,
after showing a flag pattern consolidation.
PNB is expected to show a bullish move breaking the flag pattern showing targets of ₹50 - 51 if it crosses levels of ₹37.50
(Time to hit Target < 4 months)
Infosys about to Breakout Breakdown Tomorrow Let's hope it does not Gap up or down and Ruin the Whole Pennant!
Pennant pattern formed in Adani Enterprises
Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis.
It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume.
Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation.
