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Pennant

INTRA-DAY LONG on MFSLMFSL is in prolonged up-trend. Stock has breached it's all time highs and will continue to rally up before taking a halt. A general behavior of stocks trading at ATH is the continuation of trend rather than correcting. Hence my bias is on the upside. Chart speaks for itself. Buy above 688 for the targets of 700, 707,715 with SL at 683. 688 has acted as resistance recently and is an important level to track for initiating a buy. NOTE: These are my personal views. Trade at your own risk.
NSE:MFSLLong
by shaleenbansal
WIPRO | RR 1:4 | Pre-Breakout===================================================== ⭕ Positional Trading Opportunity ! Daily Chart Alert !!! ⭕ --Buy above = 368 (Breakout) --Stop-loss = 355 --Target's = 400 | 420 --R:R = 1:4 --Pattern's = Triangle Pattern | Flag Pattern #ThankU For Checking Out My Content , I Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) Wait For Clear Entry 2) Watch Out For Volume After Pattern Breakout / At Breakout Candle 3) All IT Stock's & IT Index Is In Uptrend , Stock Is Trading Above 200DMA 4) Overall Stock looking Bullish... 📈(Risk Must Be Managed.) 🙄Keep Your Eyes On Index ====================================================== Guys Check Out MY Related Ideas As Well, You Will Found Them Really Useful, GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if you found it useful ! ✍COMMENT Below your view ! ----------Any Suggestions----------
NSE:WIPROLong
by CT143
6
#INFY-BULLISH PENNANTINFOSYS IS FORMING A BULLISH PENNANT.WE CAN EXPECT A BREAKOUT FROM THE RANGE OF 1165-1168.RED NORMAL LINES ARE LONG TERM S&R AND DOTTED RED LINES ARE SHORT TERM S&R.GREEN LINE IS THE TARGET CONSIDER THESE POINTS BEFORE ENTERING INTO TRADE; WAIT FOR A PROPER CONFIRMATION BREAKOUT BY VOLUME AND MOMENTUM BECAUSE THERE IS ALONG TERM RESISTANCE AT 1171 SET STRICT STOPLOSSES OR ON PREVIOUS SWING AS PER YOUR RISK APPETITE FOLLOW NIFTY & SECTORS FOR DOUBLE CONFIRMATION ENTER ONLY ON PROPER POINTS.AVOID TRADE IF YOU ARE NOT ABLE TO ENTER ON THE CORRECT POINT DONT TRADE AGAINST TREND AND INDICES FOLLOW FOR MORE TRADE IDEAS AND INFORMATION
NSE:INFYLong
by Muhammed_Nihal
#BALKRISIND-BEARISH PENNANTBALKRISIND IS FORMING A BEARISH PENNANT CHART PATTERN AND A NARROW RANGE 7 STOCK.THERE IS A HIGH PROBABILITY FOR A BREAKOUT. GREEN LINES ARE TARGETS,RED NORMAL LINES ARE DAILY S&R AND DOTTED RED LINES ARE SHORT TERM S&R CONSIDER THESE POINTS BEFORE ENTERING INTO TRADE; WAIT FOR A PROPER CONFIRMATION BREAKOUT BY VOLUME AND MOMENTUM SET STRICT STOPLOSSES OR ON PREVIOUS SWING AS PER YOUR RISK APPETITE FOLLOW NIFTY & SECTORS FOR DOUBLE CONFIRMATION ENTER ONLY ON PROPER POINTS.AVOID TRADE IF YOU ARE NOT ABLE TO ENTER ON THE CORRECT POINT DONT TRADE AGAINST TREND AND INDICES FOLLOW FOR MORE TRADE IDEAS AND INFORMATION
NSE:BALKRISINDShort
by Muhammed_Nihal
GHCL Trading IdeaPennant pattern can be seen on chart. About 4-5 attempts at breaking out. Last 4 sessions have seen consolidation near the upper trendline. Trade may be entered into when there is a breakout with all volumes. Delivery volumes have consistently been above 40%. Buy above 175 T1 : 203 T2 : 216 SL : 165.50 Thanks! P.S. The rough time stop loss I set on all my trade is about 20-30% of the time the pattern took to form. Be rest assured regardless of the direction my trading ideas proceed in, I'll update the idea to reflect the same.
NSE:GHCLLong
by Shravster