Pennant
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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NR7 + Inside bar at Bear Pennant resistance area YESBANK is currently at upper trendline resistance of bear pennant. bear pennant after a sharp downtrend usually results in continuation of the downtrend
Also a NR7 + Inside Bar candle formed on daily chart which on breakout on either side give sharp moves on that side most of the times. (Also beware that sometimes it can trap you)
In hourly chart the price has taken support of a short term trend line.
Strategy:
1) Short on proper break and retest of short term trend line support OR 2) Short on break of NR7 + Inside bar (and retest of previous level)
In case of (2) keep in mind there are multiple support levels immediately below breakout candle which can push the price back up. So it is better to wait for the price to pull back to previous level and observe price action on that level to initiate a short.
Also keep track of indexes. if they move sharp upside, setup can invalidate. Nothing is guaranteed in market
For stop loss use topmost blue line which is safe stop loss level to avoid traps
Bull pennant setup for 30% profit + Dabur is forming a bull pennant pattern.
+ Last week's candle is a bullish hammer
Risk takers can buy on dip to increase RR
Safe players can enter on break of pattern
Target, Stop Loss, Profit %, RR specified on chart
RELIANCE 1 HR - BULLISH MOVEMENT EXPECTED ABOVE 1280Hello Trader, From last couple of days we have seen bullish movement in Reliance. As per 1 hour technical chart it has formed trend continuing bullish pennant patter. upside movement are expected in it. if price maintains to trade above 1280 for the target of 1320 with the stop loss of 1250
one can look for buying opportunities in it as per given level.
Happy trading...!!
Watchout. At important price level.It's a bearish pennant.
Long above 1530.(Pennant breakout)
Short below 1460(Pennant breakdown)
[Intraday] TV18BRDCST Double Insidebar + Bearish Pennant ShortInside Bar + Bearish Pennant
Short below 34.05, SL at PDH of 34.55
Axisbank - Bull pennant break out!Buy above 680 with the stop loss of 674. Targets are 686, 692 and 698.
