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.
Buy At Cmp 568.9 SL - Below 524 Target - 700+++
It 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.
As seen in my earlier post DeltaCorp forming pennant. Breakout given. Target mentioned in chart.
DISCLAIMER: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...
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
Ideally 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 :)
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)
shakti pump looks very strong, is in shakti
BPCL, 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.
DISCLAIMER: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...
Beautiful pennant forming in a uptrend.
Breakout above 174-175 can act as a confirmation.
Hi Risky Investors, IFCI had given a nice breakout from descending trendline. Now it is making a very tight pennant in daily time frame. Above 9.6, we can see a nice uptrend I hope you will benefit from this knowledge -MetaVish
BUY ABOVE 436.50 AS IT'S WEEKLY BREAKOUT LEVEL PLUS 61.8 finoacci retracement level NEXT TARGET IS 485/510 SL 425
Hi Investors, DEEPAKFERT is making a nice Bullish flag pattern with tight Pennant price structure. Target is 2017-2018 Resistance zone. Stop loss is in a higher side hence better to invest only 2-3% only. I hope you will benefit from this knowledge -MetaVish
for intra players..... expecting a good movements in banks.. so intra players keep an eye on it......