SBIN - Consolidation & PennantAfter breaking the trendline, SBIN has formed a bearish pennant. Look for trade after the breakout.
Pennant
Long in AUROPHARMAAUROPHARMA which broke out the wedge pattern flew up till 998 and then decided for pattern's retest. The retest was successful and recorded a sharp reversal. One can use this opportunity and go long with a SL of 941 and below. The longer target for this breakout is at 1090 ranges. Getting some quantities of AUROPHARMA in cash market is also a considerable investment.
GULFOILLUB - 30 Months' RTS Zone tested for bullish trendHi Investors,
GULFOILLUB's 700 price zone was tested 5 times in the past 30 months in a weekly time frame. Possible upside breakout above 765. Rest is explained in the chart.
I hope you will benefit from this knowledge
-MetaVish
Bullish Pennant Pattern in INFY for 1332+ TargetAfter strong bullish move in Infosys, it's consolidated and formed pennant pattern. In the last trading session, we have seen a breakout of this pattern. It will continue its bullish rally towards the 1332+ target
ZEEL - Breaking 460 Days' STR Zone with its Media IndexHi Investors,
ZEEL looks good above 233. It is breaking 460 Days STR zone which was rejected earlier. Closing above 233 could be a good sign for it to move up further.
I hope you will benefit from this knowledge
-MetaVish
Buy Bata IndiaBuy Bata India CMP 1591 Stoploss 1555 Target 1630
Study: Stock is trading near Pennant pattern retesting area...
ASTERDM - Bullish Flag near 52-week highHi Investors,
ASTERDM is consolidating near its 52 week high. Breaking above the flag with volume can bring new upside momentum. Around 194 is its life time (Two years') High.
I hope you will benefit from this Knowledge
-MetaVish
It's make or break for AXISBANKPennant pattern seen in AxisBank. It's a sign of consolidation.
There's high chance of a breakout.
It's wise to take a position on the long side as the SL will be less now.
If it breaks the pennant on the downside, take a Hit & initiate trade on the opposite side.
Breakout TGT: 710 & 760
Breakdown TGT: 200 DMA
Buy Bajaj AutoBuy Bajaj Auto above 3425 with stoploss of 3350 ..Target is 3490,3580 and 3675.
Study : Forming Pennant Pattern after Breakout ...
Pennant Breakout level is 3425 .
All levels are on closing basis
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.
Ascending triangle in MFSL!MFSL is in an uptrend and if it gives a BO from the ascending triangle, one can go long above 657 and expect to see 675 levels to tested again.
NOCIL - Pole and Pennant / Triangle Pattern - Random AMINOCIL - Pole and Pennant / Triangle Pattern
11 Dec 2020 EOD - CMP 140.70
More Bullish WRB (Wide Range Bars) observed in the triangle.
Probability of a bullish breakout is more.
Buy now or in dips till 138.50
SL 134 on closing basis.
TGT 150 /160/170/180 / 190 / 210
RELIANCE - Symmetrical triangle, get ready for the blastHi Swing Traders,
RELIANCE is forming a nice Symmetrical triangle pattern and price is squeezed in tight. We will see a breakout of the triangle in two days. Pull-back entry makes more sense here as it can go either way.
I hope you will benefit from this knowledge
-MetaVish
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 !
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✍COMMENT Below your view !
----------Any Suggestions----------
#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
#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
Muthootfin - Pennant breakout after two fakeoutsHi Folks,
I am posting the chart again as made some more analysis and proper target analysis.
I hope you will benefit from this knowledge
-MetaVish
HDFCBANK BREAKOUT 30MHDFCBANK traingle pattern breakout in 30M. Can be a good trade for intraday as well as poitional with SL near previous swing low. Happy Trading!
sunpharma PENNANT patternMy view on sun pharma with Fibonacci retracement, It retracted up to 0.3 and will go up to 635.
ENTRY:- 570 STOP LOSS:= 550 TARGET:= 630
Pennant pattern in HavellsPennant pattern in Havells. Wait for breakout and take entry.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
