USDCAD ANALYSIS Market now forming an bullish pennant pattern structure, it's time to buy opportunity
Target expect at @1.3875
Pennant
SYNGENE: Ready to Enter the trenchNSE:SYNGENE is showing an interesting pattern.
Not an intraday counter. The interesting point is: it has a channel. The price falls below the channel. But now entering the channel with momentum itching towards 50 (RSI) and volume just picked up the 20 VWMA.
Keep it in WL. The potential price-action path is also shown in purple arrows.
SAREGAMA - POSSIBLE UP MOVENSE:SAREGAMA @ 395 CMP , Awaiting Break out from Triangle pattern top trend line . TGTs and SL are in the Chart
Tringle pattern on Nifty 50 Entry level : Tringle pattern formation can be seen on nifty 50 chart 60 minutes time frame. this week might not have breakout and if does price need closed or sustained above 17850.
Target1:-18000
Target2:-18185
Stop Loss:-17675
BHARATFORG Ready for Upmove ??!!Chart pattern does insist me to go with above titled opinion
REASONS
1. Bharatforg has been trading inside Expanding triangle and currently it is under its upswing move inside the major expanding triangle.
2. In Weekly timeframe, there is a Bullish Pennant formed and Breakout has happened it seems( volume not so good )
3. Target and SL mentioned @ chart
4. SL(less risky) can be Day candle closing out of dark blue Ascending channel .
5. Pink trendline (884 level) seems tough and Day close above that line may confirm the bulls approach !!!
Let's wait and watch how it moves!!!!
Note- Just Sharing my view....not a tip nor advice!!!
Pennant PatternIn technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
Script = Reliance
Time Frame = 15 min
intradayboth side potential but I am interested in long side
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Nifty50 15M Nifty50 making Bullish Pennant. Keep eyes on breakout or wait for RETEST.
Date - 7-02-2023
Balrampur Chini - Daily CMP 394Flag and Pole + Bullish Penant pattern.
Respecting the 50 MA line
Targets of 414-430-450 canbe achieved on breakout.
Keep SL below the demand zone or a closing below 50 MA line.
If breakdown, then short targets can be 380-368-360
Undercurrent is bullish.
*Always trail your profits.
*This is just a view, trade at your own risk.
Nifty Pole and Pennant breakout* A kind of Pole and pennant breakout in Nifty.
* If Nifty sustain above 18000, we can have a bull run till Budget.
* This is just for educational purpose.
GBPJPY CONTINUATION PATTERNAs you can see on this 4H chart GBPJPY has formed a bullish pennant pattern after a strong bullish momentum, this signals continuation of the bullish momentum. You can go on lower TF for entry triggers on the break of the pattern.
VLS FIN LTD INDIA ON A BREAKOUT POTENTIAL OF 30 % ROI..Vls India Stock Has Made A Breakout With Volume Targets On 196 Which Is Around 30% Roi.
Follow For More Such Analsysis...
HCLTECH AnalysisExpecting a massive breakdown in HCLTECH
Bearish Pennant Pattern formation observed.
Target 904
CMP 1039
AllCargo: Pennant PattenAllCargo is really looking good in chart. A pennant is clear.
On the breakout of the pennant (~420) it will go further. The fib extn is shown in the chart.
SL (closing) we can put at ~390 level.
The price took nice support, RSI is rising. Only the volume needs to pickup.
Nestle India: Pennant PatternNSE:NESTLEIND is showing a symmetrical triangle (Pennant) pattern.
Here for 29th December'2022 expiry, we can device a safer (chilar) strategy :)
BUY 21000 Call
BUY 19500 Put
SELL 20750 Call
SELL 19500 Put
Margin needed: 65K
Profit: 1200 (chilar profit, but much safe)
Safe below: 20778 (which is well above resistance and Fib 78.6% level.
Also last two days Long Unwinding is saw in this counter.
So mostly rangebound to downside movement in this week.
Nasdaq Got a Bear Hug - Target 9722Nasdaq formed the Pennant (bearish) pattern on the charts.
Target of 9722 will be seen in coming months.
Dogecoin short-Multiple trade setupDogecoin is forming some bearish trade setup these days.It may give us some great fall after the breakout.Here are two trade ideas-swing and intraday that I wanna share with you guys in detail.check below.
Trade 1: The first one is a swing trade.Dogecoin made a beautiful double top pattern in 1H time frame which broke out it's neckline(0.9684 level) downward and now is retesting from a lower level (0.09274) on a trendline.It is now at the breakout point of the trendline and if it breaks,a short trade can be initiated to the support level of 0.08012. You might have hold it for some days.keep an eye.
Trade 2:It's an intraday.A bearish pennant is made on 15m/1h time frame and about to break out.It can break downward to the level of 0.08894.if it breaks the pattern,a short trade could be taken there.follow the levels.
Make it happen,get some good profits.Happy Trading.
BTC 1h TFBTC 1h TF la moving in a bullish pennant. The invalidation of this pattern is highly possible. Major resistance around $17500. Support : $17000-$17100
HDFCBANK Daily AnalysisPennant Pattern observed in HDFCBANK
Can breakout go towards resistance tomorrow.
Target 1630.
Expecting breakout of pattern above 1630.
