Nifty50 15M Nifty50 making Bullish Pennant. Keep eyes on breakout or wait for RETEST.
Date - 7-02-2023
Pennant
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.
Multiple Bearish Pattern Confluence in CrudeOil Chart (Daily)
Dotted green line: A pennant broken in downside
Blue line: Head and Shoulder Pattern
Purple line: M pattern (double top which is coinciding with down trendline).
APLAPOLLO APLAPOLLO
Pennant Pattern
@ 1197.40
sl 1130.85
tg (1)1262.30 (2)1337.90
tip. trade on your risk just for educational purpose.
PENNANT ASHOK LEYLAND ASHOK LEYLAND
Pennant chart pattern
On up side Breakout
Then take tread on your Risk
ShortBearish pennant for short term atleast 1 month
In Bajaj finance it forms a pennant pattern
This is for educational purpose only
ADFFOODS- Symmetrical Triangle PatternNSE:ADFFOODS
1. Breakout in Symmetrical Triangle Pattern
2. Strong Volume and price formation between the narrow range 680 too 770
3. Upcoming levels to watch 960 to 1080
4. Support near 760 level.
#TechnicalAnalysiswithMrChartist
JKTyres: Range BreakoutNSE:JKTYRE is showing a good range breakout with very high volume spout.
The symmetrical triangle as well as rectangular range is broken out with high volume.
Trade: Buy above 199 (today's closing), SL: 188 (today's 61.8% Fib Range), Target: 205, 210 (Higher order Fibs)
AS A ROOKIE I WANT U ALL TO HELP ME (BULLISH PEANENT)i think it will make a pattern of bullish pennant in smaller time frame and it will go up with the trend as i can see the pattern .
I want u all to help me, and confirm if my idea is correct or not .
Your help will give me confidence
ABC: AB Capital : Breakout ReadySymmetrical triangle (Pennant) breakout happens. Let it stay above the next immediate resistance 115. Then go long.
Buy above 115
Target-1 120, Target-2: 128
SL: 109
