Pennant
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.
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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.
Reliance Ready for ballistic moves!!Reliance Bullish Pennant on Weekly Chart
SL- 1820
Target- 2370/2500/2650/2700
For Educational Purpose Only
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.
