NSE:SBIN | INDIA | SWING | ANALYSISSBIN forming Bullish Pennant pattern. This might be good for swing trading.
Points to Considered:
1. Pattern formation
2. Volume analysis
3. Any Conformation for Entry
4. RSI
Pennant
Triangle in Power Grid corporation.Many times it is not easy to spot the pattern in candle stick. So comes handy to view charts in line format.
Also to have a satellite it is better to also keep track of monthly chart.
We can see there is clear triangle breakout in this line chart.
One can even consider it as a Pennant at this scale.
Gold awaiting NFP for DirectionsAs Mentioned in the comments section of the last post.
2055 has been capitalised by Bears.
So it is still Too Early to Write off the Bears.
Even FOMC, like most of the times has failed to give directions.
NFP could finally provide clearer Directions hopefully.
Until then, Expecting a Rangebound Movement Between
2053 zone & 2021 zone.
IREDA | LONG | SWING | NSE:INDIA | ANALYSISIREDA forming Bullish Pennant pattern. This might be good for swing trading.
Points to Considered:
1. Pattern formation
2. Volume analysis
3. Any Conformation for Entry
4. RSI
NOTE: IF IT CLOSE BELOW 20-EMA & RE-TEST IT, DO NOT ENTER FOR LONG.
USHAMARTIN Swing TradeMultiyear breakout stock. Ready for new All Time High after small retracement. High probability excellent Risk to Reward trade.
#Aarti ind cash : Looks good around 656-664#Aarti ind cash -Positional call
19.01.2024
looks good around 656-664
Stoplosss 625
Tgt 708/740/790
Cmp 678.90
#TRACXN may be a new #Multibagger 🔥🚀#TRACXN may be a new #Multibagger
-CMP 118.4
-BOX pattern #breakout+ bullish pennant in DTF
-Monthly AscendingCPR
-Huge volume buildup near breakout zone
Suppt -106
#BREAKOUTSTOCKS #banknifty #nifty #Wipro
#Syngene cash : Looks good around 732-735#Syngene Int Cash -Positional call
11.01.2024
Looks good above 750.10
and dips 732-735
Stoploss at 710
Tgt 770/800/840
Cmp 742.50
consolidation breakout trading opportunity in CHENNPETROCHENNPETRO consolidating after a big rally, and the stock is in a strong up trend ( stage 2) now the range of the price ( narrow range candles) is tight and volume dried, and today price range expands with increased volume. follow-through range expansion happens it will be a potential short-term swing trading opportunity.
DISCLAIMER: All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be considered as a recommendation to invest, trade, and/or speculate in the markets. I am not an investment advisor
Gold at crucial zone, Awaiting Core Inflation DataGold happens to Remain in Up Trend, however the Exhaustion is becoming apparent.
Mark the Trend Line.
Trending move on either side break and sustain is possible.
Either of the Supply/Demand Zones could be tested.
Looking at the weakness
2000 1980 are possible zones that could be tested in coming sessions.
However, Keep watch on the trendline break.
And take trades only if this Idea resonates with yours.
Cheers!
HINDALCO : Cup and Handle BreakoutA cup & handle Breakout in conjunction with Triangle Pattern Breakout
Retest is pending for the triangle pattern breakout.
Hindalco is moving based on the support line support for long.
Waiting for a retest to enter with SL below
closing of the support TL
One can enter now as well with 50 % qty just not to miss the trend for targets of 510/550/630.
DISC: Only for educational purposes. please consult your financial advisor before entering.
GUJARAT NARMADA VALLEY ..GNFCa decent rise in volumes near a breakout arena
If we look at the last few months, the fertilizer companies have done well.
chambal fert, facts, etc are just to name a few
a rounding bottom does generally well with a medium-term perspective
expect the stock to do well as long as its above 700 mark
flag pattern breakout trading opportunity considered this analysis is my journal, not buy sell recommendation
Tata Power formed a flag pattern in daily time and weekly frame
highly bullish pattern, stock in a strong up trend after a short pause again it is breaking out
entry above the flag upper line
stop below the flag lower line
Bajaj Finance Cmp 7259 Rectangle & Pennant PatternBajaj Finance Cmp 7259 dated 1-12-2023
1. Small Rectangle Consolidation.
2. Pennant Pattern
2. Bo above 7280
Buy above 7280 target 7370-7450-7560-7650-7750 SL 7150
It is just a view, please trade at your own risk.
consolidation breakout trading opportunityentry above the line
stop below the line
stock in a bullish trend, after consolidation again breaking out
stage 3 to stage 2 transition ( Ref Stainweinstein's secrets for proofing in bull and bear marke)t
BTCUSD about to make a bit pull back and then to fly🚀 Brace yourselves for a brief pullback in #Bitcoin! Remember, setbacks are just setups for comebacks. The crypto market is like a phoenix – expect CRYPTOCAP:BTC to soar higher after this short dip. 💹💪 #HODL #CryptoRally #ToTheMoon
pullback trading opportunity Pullback trading opportunity
entry above the sloping line
stop below the horizontal line
stock in strong up trend .
Trend line breakout trading opportunityentry above the line
stop below the line
trendline breakout
bottom bounce ( positional trading opportunity)
pulll back trading opportunity Consider this as my own diary and not as a buy/sell recommendation service. I don't advise
pull back trading opportunity
entry above the loping line
stop below the line
pull back entry
short term swing trading opportunity
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.
Fusion Micro Finance about to give Bullish Pennant pattern breakWeekend Pick 3: Fusion Micro Finance
Fundamentals : Strong FY 23, consistent on Sales, Profits and EPS. High Reserve Vs Debt Free.
Technicals : At the verge of Bullish Pennant pattern Breakout with heavy volumes.
R 1: 665
R 2: 720
R 3: 790+
S : 540
Happiest Mind is ready to Formed Bullish Pennant PatternHappiest Mind is Done almost 3 year Consoliation in form of
Bullish Pennant Pattern
it is Given Also Falling Wedge Breakout
Here R:R (Risk and Reward ratio is Also Good)
Keep eyes on this stock
CMP is 913
and Here our SL is Very Low
Hold For Big Gains
1111
1334
1537
2000+
