Trend line break has happened at 88 - 93 level. For those who missed the chance to enter at that level, can wait for the break out above 115 with the stop loss of 99 for the targets 123, 129 and 135.
Price action is forming bull pennant. Bullish above 11620 for the target 11680, 11740, 11820 and 11880. Bearish if the pattern fails.
Wipro 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....
NSE: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 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 -...
Hi 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.
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.
This 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 formed Bullish Pennant. Entry 168.4 Stop Loss - 165.65 Target.. 175 Telegram : t.me Don't forget to hit like.... your likes will be more valuable and encourage me.....
NSE:SRF #SRF long at 2991 SL 2770 target open #PaperTrade #PracticeTrade #Positional
It's a clear sign of breakout form Triangle. Clear buy with strict Stop loss of 543
Bearish pennant pattern formed in BATAINDIA hourly chart. Short if breaks down with volume.
I would buy it on close above 297 on 15min chart. with stop loss few units below or below recent swing low