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Pennant

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
TATA CONSUMER Bear Pennant PatternCan you see the Chart is speaking very clear?! - 38.2% Fib retracement done from the Tops, and the Pennant was Counter trend in nature with a 3 Wave Advance - On 10th November, we got confirmation to Short, Price also closed below 5 Day EMA and it has turned down sloping now - Also notice how Price cannot sustain above Anchored VWAP from the Tops - Price is heading back to 440- 420 on the downside - Bearish view negates above 520 - Enjoy the Downride and avoid Longs since it was just a Pullback within a Bear trend
NSE:TATACONSUMShort
by T_Harth
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