Pennant
Wipro - 60Min - More Selling Opportunity in WiproWipro has been in a downward spiral for the last couple of weeks. The stock has formed a pennant formation on the 60min chart with the price approaching the 3rd touch of the pattern which indicates pattern completion. Sellers should observe the zone marked on the chart and look to initiate short positions if we see any pinbar or engulfing candle in this area. Traders should enter only after the close of the reversal candle.
Selling zone - 255 - 257.50
Stoploss - 258.20
Target 1 - 249.65
Target 2 - 245.35
Target 3 - 241.95
Disclaimer
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital which you are prepared to lose.
#IDFC ready for buy? @in_tradingviewNSE:IDFC
IDFC Positional Buy
RSI making higher highs
Price supporting At 31.5
Breakout above 35.6
T 38, 40, 42, 48
Sl - 29.4
BANK OF BARODA - 60MIN - Bearish Pennant formation Bank of Broda is in a Bearish Pennant formation of the 60min chart. Shorts may be initiated after the break of the 103.95 level to the downside. If the price advances to the upside traders should observe the 107.40- 106.30 zone for any rejections or candlestick formations to short the stock.
Zone - 107.40 - 106.30
Target 1 - 101.45
Target 2 - 99.40
Target 3 - 97.65
I will edit the levels if the pennant formation changes.
DISCLAIMER
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. We hold no financial liability to any user on account of the use of information provided on this website. Only risk capital which you are prepared to lose.
Gold, Eyeing toward 1520-1550 RangeHi Guys,
Gold Gave a beautiful bull Pennant breakout a few days back and Currently in the consolidation mode. Theoretically, it should repeat the similar move(which it gave from 1275-1425) after this consolidation which will probably lead it toward 1520-1550 range.
TATAMOTORS : 60MIN CHART - Correction can break at any time.After a strong move down, tatamotors is in a correction phase. We are able to see small candles on the 60min chart suggesting to us that this is a correction formed. There is not strong support for the stock till the 150 level. Traders can sell after the break of the correction which is at 155.40. Traders should look for targets of 153 and 150.
WIPRO - 60MIN CHART - Shows more downside movement can happenThis is a pennant formation on the 60min chart. It has clearly rejected price at 269 levels. Very strong bearish candles at these areas suggest that more downside movement can occur. Traders can go short at the trendline break at 262.55 level. Targets are mentioned clearly on the chart.
Vedanta - chart Bullish pennant - Pls don't for get to hit like.Vedanta Chart formed Bullish Pennant.
Entry 168.4
Stop Loss - 165.65
Target.. 175
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Breakout of Triangle Pattern with volumeIt's a clear sign of breakout form Triangle.
Clear buy with strict Stop loss of 543
Bearish pennant pattern in BATA - SHORTBearish pennant pattern formed in BATAINDIA hourly chart. Short if breaks down with volume.
Ziliqua forming bull pennant for min 20% moveI would buy it on close above 297 on 15min chart. with stop loss few units below or below recent swing low
Sweet Buzz in the Sugar StocksSomething is buzzing in sugar stocks, given the formation of BULLISH PENNANT in few of the sugar stocks, seems something sweet is in the offering soon.
However hold on your Horses, before jumping to trade it. All the sugar stocks viz. Dhampur, Dalmia & Uttam have formed Bullish Pennant , however we need to wait for a confirmation , before Buying the Sweetner.
Also check:
Sweet Buzz in the Sugar StocksSomethings buzzing in sugar stocks, given the formation of BULLISH PENNANT in few of the sugar stocks, seems something sweet is in the offering soon.
However hold on your Horses, before jumping to trade it. All the sugar stocks viz. Dhampur, Dalmia & Uttam have formed Bullish Pennant , however we need to wait for a confirmation, before Buying the Sweetner.
Sweet Buzz in the Sugar StocksSomethings buzzing in sugar stocks, given the formation of BULLISH PENNANT in few of the sugar stocks, seems something sweet is in the offering soon.
However hold on your Horses, before jumping to trade it. All the sugar stocks viz. Dhampur, Dalmia & Uttam have formed Bullish Pennant, however we need to wait for a confirmation, before Buying the Sweetner.
GAIL 15 MIN - BUY BULLISH PENNANT FORMATIONLevels are mentioned on chart.
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