In 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 =...
both 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 making Bullish Pennant. Keep eyes on Breakout. Better follow price action.
Nifty50 making Bullish Pennant. Keep eyes on breakout or wait for RETEST. Date - 7-02-2023
Flag 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.
* 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.
As 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.
Icici bank on 15 minute time frame, full chart anylysis for 3Jan 2023
Vls India Stock Has Made A Breakout With Volume Targets On 196 Which Is Around 30% Roi. Follow For More Such Analsysis...
Expecting a massive breakdown in HCLTECH Bearish Pennant Pattern formation observed. Target 904 CMP 1039
AllCargo 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.
NSE: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...
Nasdaq formed the Pennant (bearish) pattern on the charts. Target of 9722 will be seen in coming months.
Dogecoin 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...
good to buy above 1671 only for educational purpose not sugesstions
BTC 1h TF la moving in a bullish pennant. The invalidation of this pattern is highly possible. Major resistance around $17500. Support : $17000-$17100
Pennant Pattern observed in HDFCBANK Can breakout go towards resistance tomorrow. Target 1630. Expecting breakout of pattern above 1630.
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).