Voltas testing the resistance of bullish pennant. Seems good if it moves above 918 for a target of 990+ levels. View negated if it moves below 885 level. Disclaimer: - These views are for educational purpose only and not a recommendation.
it is forming a bullish Pennant on Daily chart since May, a breakout at upper trendline could give 30% upside. it couldn't able to sustain above RSI 60 level. in the last 3 instance it failed sustain/break RSI 60 level. keep an on this stock for sustainable breakout.
The chart is self explanatory. Comment for any clarifications.
Muthoot Finance looks to be in a bullish pennant. Target: 2200 by 17th May 2021
Stock has touched multiple resistance points of upper trendline and forming higher bottoms and lower highs, expecting a breakout soon in this counter. keep this on your radar.
After breaking the trendline, SBIN has formed a bearish pennant. Look for trade after the breakout.
AUROPHARMA 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.
Hi 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
After 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
Hi 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 India CMP 1591 Stoploss 1555 Target 1630 Study: Stock is trading near Pennant pattern retesting area...
Hi 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
Pennant 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 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
Stock is Consolidating for over a year and READY for Breakout
MFSL 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...