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Pennant

HFCL - Breakout from pennant - Continuation b.o.The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart. When price comes out of such narrow zone on higher timeframe, chances of such breakouts being successful increases manifold. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:HFCLLong
by TradewithAditya
Low risk swing trade in #SOLARASeems like Solara Active Pharma has bottomed out. With the recent high volume followed by tight inside candles + inside dojis, this is a picture perfect setup for swing trade. Pharma sector is in an uptrend so can expect #SOLARA to jump the wagon as well. Enter @ CMP Stoploss 322 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NSE:SOLARALong
by nishant_bhatt
Bullish Pennant and Double Bottom BreakoutWeekly chart analysis of NSE:LATENTVIEW A bullish pennant has been seen on weekly chart pattern. In technical analysis that usually forms after a strong price movement upward, followed by a brief consolidation period. A double bottom is a bullish chart pattern observed in technical analysis. It usually occurs after a downtrend and signifies a potential reversal in the price of an asset. The pattern resembles the letter "W" and consists of two troughs at approximately the same price level, separated by a peak (the pattern's central point), the same has been marked on chart . Key Points: Continuation Pattern: The bullish pennant is generally considered a continuation pattern. Traders interpret its formation as a temporary pause or consolidation within the broader upward trend before the price is likely to continue moving higher. Breakout: The pattern is confirmed when the price breaks above the upper trendline of the pennant, accompanied by an increase in volume. This breakout signals a potential resumption of the prior uptrend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:LATENTVIEW
by hardeepssethi
Falling Trendline b/o in kcp ltd with gcrossoverFalling Trendline breakout is developing on weekly chart of NSE:KCP One lookinto it to buy the scrip at cmp with a stop loss of 100 for the targets of 122, 133, 144 respectively. The stock has given the golden crossover(Bullish Signal) and 5wema is above 44wema. Exit the position if the stop loss triggered on Weekly closing basis. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM EAGERLY WAITING FOR YOU COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:KCPLong
by raigvivek
1
Will Tesla Keep Up the Winning Streak with the Upcoming EarningsNASDAQ:TSLA A behemoth in the electric vehicle and clean energy sector that has always kept investors and market analysts on their toes with its stock price movements. Tesla had a tough time in 2022, seeing its stock price drop from $400 to almost $100. But things turned around this year. The stock price bounced back big time, going up by 200% from $100 to $300. Now, it's moving within a tight range, forming what's called a symmetrical pattern. This means the stock price is holding steady for now, not making any big jumps up or down. Investors are now eyeing the company’s earnings report coming out in two days. Tesla has been on a roll, meeting its earnings targets for the last 10 quarters. If Tesla hits its earnings target again this time, the stock price could break out of its current range and climb higher.
NASDAQ:TSLA
by TrendTechnician
A Closer Look at DraftKings Inc (NASDAQ: DKNG)DraftKings Inc, a name synonymous with digital sports entertainment and gaming, has showcased a roller-coaster journey on the stock market. Let's delve into a simplistic examination of its performance, focusing on the key price actions and what lies ahead. In 2020, prior to the pandemic-induced market crash, DraftKings enjoyed a rally of about 90%, with its stock price soaring from roughly $10 to a high of $19.50. However, the pandemic sent it plunging to a low of $10.60. Unfazed, DKNG rallied back impressively, marking a more than 300% increase to touch a high near $45. The stock didn't stop there; while making a head and shoulders pattern it hit a new high of $74.38, with the shoulders forming around the $64 mark. However, a breakdown from the neckline at $45 shoved the stock to a low of $9.77 over a span of 7 months. Despite this setback, DKNG displayed a slow and steady rebound, climbing back to a price range of mid-20s to mid-30s where it's now consolidating into a tight symmetrical range. Analysts are tuning into this narrative with optimism. A lot of stock price forecasts suggest a potential hike to a range of $37 to $44, translating to a 25% to 45% increase from the current hovering price of about $30. DraftKings has been hitting the mark on earnings for the past three quarters, which paints a promising picture as we approach the next earnings report slated for early November. This could potentially signal a breakout from the current symmetrical pattern on the upside, continuing the stock’s upward movement. However, it's crucial to note that symmetrical patterns don’t always spell continuation. There’s a chance for a downturn, marking the start of a downtrend. As with any investment, caution and thorough research are key. The upcoming earnings report could serve as a significant indicator of where DKNG is headed next, so add this stock to your watchlist. Like and follow for more updates. Remember, the information shared here does not constitute financial advice. It's always prudent to conduct your own thorough research before making any investment decisions.
NASDAQ:DKNGLong
by TrendTechnician
Tata Motors on the Move: Unpacking the Bullish MomentumA recent development on the Tata Motors stock chart has caught the eagle eye of traders and investors: a compelling breakout from a bullish pennant, coupled with a closure above its All-Time High (ATH). While these technical patterns portray a potentially lucrative picture, it's vital to delve deeper and understand the implications and strategies before jumping on the bandwagon. 1. The Bullish Pennant Breakout: A Signal to Surge: Tata Motors has unfurled a classic bullish pennant, a continuation pattern that signifies a potential pause in the market followed by a robust breakout. The breakout, importantly, is accompanied by a noticeable uptick in volume, further solidifying the move and indicating strong investor participation and interest. High trading volume during a breakout often underscores the momentum and could suggest a robust upward move in the forthcoming trading sessions. 2. Soaring Above the ATH: Uncharted Territory: Navigating through its historical data, Tata Motors has recently closed above its ATH, a significant development in the technical analysis realm. A stock reaching new heights can potentially indicate that it is being driven by underlying fundamental strength or positive sentiment among investors. This scenario can often pave the way for further price appreciation, as it reflects a prevailing bullish outlook and a lack of overhead resistance. However, thorough scrutiny and vigilant monitoring are paramount to navigate through these uncharted territories effectively. 3. Charting the Course: Target and Risk Management: For those considering entering around the INR 670 mark, a potential target could be envisioned around INR 800, providing a seemingly attractive upward potential. However, astute investors must always pair potential gains with a rigorous risk-management strategy. In this context, maintaining a stop loss slightly below INR 570 could be a prudent strategy, offering a bit more than a 1:1 risk-to-reward ratio. This approach not only safeguards your capital to an extent but also ensures that the trading strategy remains disciplined and well-structured. Disclaimer: Not Financial Advice: It's imperative to underscore that the perspectives shared in this article are purely observational and not financial advice. The financial markets are influenced by a myriad of factors, and while technical analysis provides insightful data, it does not guarantee future results. Always ensure that your investment decisions are well-researched, align with your financial goals, and are supported by a comprehensive understanding of the risks involved.
NSE:TATAMOTORSLong
by TrendTechnician