Pennant
Bank nifty gap filling strategyclearly see bank nifty give closing in between the gap and it is all set to fill this gap. Plus we see buish penat pattern here. Hope so news may not ruin the mood
BNB ON DAY TIME FRAMEWe were bullish on BNB coin because it’s had also formed the same pattern as ETH and with a Bull run in crypto market we achieved our target.
TATA CONSUMER PRODUCT1. AS YOU CAN SEE A PENNANT PATTERN IS FORMING AND VOLUME IS ALSO DECREASING
2. ANY BREAKOUT WITH INCREASING VOLUME CAN GIVE A GOOD MOVE
RGL - Trend Continuation, Dow Theory, Pennant PatternBuy Above 319
Strict SL - 274 (DCB)
Target - 440++++
TESLA ON HOURLY CHARTTesla has been trading below 200 MA for good period of time & has formed Bearish Pennant price action pattern which indicates a Bearish continuation trend signal. Using Fibonacci we also plotted that, Tesla is not able to break its 50% retracement level which infact is exactly at the price level where 200MA is standing. It’s a double & strong reversal sign. Also if we look at the resistance level we can observe that every time stocks comes near resistance price there was a good reversal with good volumes.(Red Volumes bars more).
Reason for shorting setup because-
1)Sustaining below 200MA indicating major downtrend.
2)Fibonacci levels retracements.
3)Selling pressure up, red candle in volume increasing near resistance area.
4)Bearish Pennant pattern.
Trade safe.
Bullish Pennant on Daily Chart - HAPPSTMNDS#HAPPSTMNDS
Bullish Pennant on Daily Chart.
Target 710/730
SL 510/512
EDUCATIONAL PURPOSE ONLY.
PETRONET , 1 D ASCENDING TRIANGLEPETRONET DAILY CHART , forming Ascending Triangle Chart Pattern.
Price currently taking support at 200 simple moving average.
Price should sustain above 253 for upside move
CMP looks at buying level, for more upside it must cross the resistance zone & Trendline resistance INTERSECTION.
All levels are marked on the chart.
PS: All analysis are for educational purpose only.
Alembic LTD giving HUGE Pennant Break out!!!Pennant was in formation since June-July and Today, finally, it has given the much-needed breakout with good volumes after consolidation in a range for the last two months almost! Although, Personally I would wait for the restest.
Levels are mentioned in the chart.
[Positional] Happiest Mind - Buy IdeaIt appears that Happiest mind is making a bullish pennant which is a continuation pattern. Breaking the pennant can take it towards its first target of 600.
So buy if it breaks 560 with SL of higher low that is 532. It will be a better idea to buy on retest.
Pennant breakout DeltaCorpAs seen in my earlier post DeltaCorp forming pennant. Breakout given. Target mentioned in chart.
Banknifty consolidation in Triangle breakout awaitedDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Banknifty consolidation since many days and looks fitting triangle pattern or flag with pennant.
Stop loss 34893
Wait for confirmation close above 36464 for given targets
If wave 3 extends beyond 1.618 levels then 50k is no big deal.
Bullish Pennant in BANK NIFTY ( 15/03 - 19/03)Pennant Formations are basically the trend continuation pattern, the highest probability of this pattern is towards long.
Also, observe the resistance levels ( 36460 - 36610) posted last week. NSE:BANKNIFTY
Preparing For BreakoutIdeally one should buy on breakout level of ₹440 for target 480/500 -but i would like to buy at Cmp with stop loss at 400 because on a longer time frame the stock is making heigher high ,well supported with the trend line, here my RISK/REWARD will be of 1:3 -pls do comment, like and Share, if you really like my Analysis :)
Pennant break-(Down/Out) Be watchful, may give a break on any of the side in the upcoming Trading session
(Down side 1st Target- 215,Upside 1st Target-270)
BPCL, 1D. PENNANT CHART PATTERN, waiting for a BREAKOUTBPCL, 1D, Running in the horizontal Parallel Channel.
Above all the Moving Averages.
19th feb, daily candle took support on the trendline.
Wait for a Proper Breakout Above 446.50.
All targets are marked on the chart.
PS: All analyses are for educational purposes only.
JB Chemical and Pharma Monthly flagDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Stop loss for long term target is 883
