Manapuram finance - Pennant pattern looks good for 130Positional - Buy only above 104 SL 97 TGT 112/120/130/140 (CMP 120) (05 NOV 2017)
Pennant
BHARATFINANCE - Pennant Pattern breakout target 1150BHARATFIN cash strong support 980-985 for tgt 1012/1048/1100/1150 SL 965 Cmp 993
If it takes support at 980-985 moves again above 1000 is likely to Tgt 1150
Pennant pattern in MARUTI hourly chartMARUTI CASH good only Above 8236 SL 8214 Tgt 8254/8274/8294
CMP 8220
Pennant pattern formation in Muthoot finance dailyMuthoot Finance cash good above 500 SL 495 Tgt 504.50-505/509.50-510 for intraday
JP Associate - Magic happens again from 30 to 19 -Pennant ZoneLast Price@20.40 11th Aug2017
As suggested in previous update - "Magic of 9 repeats for 30". We shall look for JP Associate to run into pennant zone 18-21. Here we are at 19 -day low@11th Aug2017.
If holds then we look back close to 30 again. Trade carefully. Nifty is melting. Have added latest update to Nifty long term analysis@22nd March2017.
Magic of 9 repeats for 30
Auropharma - Pennant Push Above 700 to 725There is a pennant where auropharma is resting. Let it rest, once it crosses 700-705 resistance keep a watch for a push to 722-725 Target Zone keeping stop loss below 687.
Risky Trader can consider to trade in 690-695 but with strict stop loss & once you get confirmation at your end.
Safe Traders Above 700-705 Zone for 722-725 Target Zone- once it crosses the zone it should not trade below 700 back again.
#Symphony Ltd Weekly Symmetrical triangle#Symphony Ltd
Symmetrical triangle from last 2.5 year.
Accumulate some upto 1400-1300 for long term.
Add more above 1600
cmp-1461
30-07-2017
BHARAT FORGE: Is waiting for RESULT to BreakOUT - Result SERIESBHARAT FORGE Prepare for Breakout.
Projection of some HARMONIC Pattern .
All Plotted in Chart.
Trade setup on Query / in Market hour when opportunity comes .
For FnO strategy: On QUERY .
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Spicejet Flag Pennat Formation/ Upward ChannelStock is an upward channel.
Broke recent resistance and now is consolidating in a pennant formation.
A break above should be into above 136, for targets towards the channel resistance unless any reversal indicated.
Ready for a breakout!!! { Must Watch }Everything is mentioned on charts...
Note: Do your own study before making any poistion...
Ashok Leyland : Will you buy on Dips ?(Bullish Pennant Breakout)Hi,
Ashok leyland charts look super bullish as its given a pennant breakout on weekly chart & it can be considered as a long term pick.
Investment Idea
Ideal Entry : 97.5
Technical Target : 90 + (112-15) = 187
Stop loss : 84 or below as per risk appetite ( close basis).
Chart & details shared for study purpose - Please consult financial advisor before invest.
Trade with Care
Gulz.
Bank of India - Bearish Pennant Breakout It is been observe on the daily chart that the price action breaks out from a bearish pennant pattern, indicating a further fall to downside.
Target: 130
Stoploss: 144
Marico Flag BreakoutThe stock has broken out of the pennant formation with great volumes.
One can go long for target of the pole's height "d" as given in chart.
SL can be at the new trend line support of pennant or the low of previous breakout candle.
Still stay cautious as may dip a little due to doji formation or may go up. (doji indicates indecisiveness).
Biocon SHORT Pennant pattern.The stock has formed perfect pennant pattern and gave breakout with gap and good volume. It is trading below the trend line clearly telling more weakness in coming days. One can short the stock for a target of below 925.
Dhampur Sugar Flag breakoout !The stock has formed a good pole and flag part with decreasing volume : showing the accumulation happened and gave breakout yesterday with good volume. All this make it a perfect Flag(Pennant) pattern to take advantage of. Entry best possible rate, Stop Loss 228, Target 255.
Pennant Breakout DCB Bank LongThe stock has formed a beautiful Pennant and giving breakout now making the new high. One can buy the stock for the target of 170 providing the stop loss just low of today.
Marksans Pharma Pennant Breakout or Trap?I like to trade Flag(Pennant) pattern simply because it is relative smaller pattern so the holding period is less and risk to reward is mostly good. I've detected another pattern which looks promising as formed correctly fulfilling all the criteria. My only concern is its closing at the lower side forming a wick on double top zone. Is it an opportunity to enter cheap or a trap of a Supply Zone? Still I would take chance as small stop loss is affordable to me.
I would like to hear your views in this situation, please provide your valuable comments. Thanks!
Flag (Pennant) Pattern Long !Beautiful Pennant pattern gave breakout with higher volume two days ago. It is retracing which offers a good opportunity for short term gain. Mostly the Pennant is formed in half way which means that price may move as much as before forming the pattern. Stop Loss 68 Target 85. Risk to reward ratio is quite reasonable.
