Hi, Ashok leyland charts look super bullish as its given a pennant breakout on weekly chart & it can be considered as a long term pick. Investment Idea Ideal Entry : 97.5 Technical Target : 90 + (112-15) = 187 Stop loss : 84 or below as per risk appetite ( close basis). Chart & details shared for study purpose - Please consult financial advisor before...
It is been observe on the daily chart that the price action breaks out from a bearish pennant pattern, indicating a further fall to downside. Target: 130 Stoploss: 144
The stock has broken out of the pennant formation with great volumes. One can go long for target of the pole's height "d" as given in chart. SL can be at the new trend line support of pennant or the low of previous breakout candle. Still stay cautious as may dip a little due to doji formation or may go up. (doji indicates indecisiveness).
The stock has formed perfect pennant pattern and gave breakout with gap and good volume. It is trading below the trend line clearly telling more weakness in coming days. One can short the stock for a target of below 925.
The stock has formed a good pole and flag part with decreasing volume : showing the accumulation happened and gave breakout yesterday with good volume. All this make it a perfect Flag(Pennant) pattern to take advantage of. Entry best possible rate, Stop Loss 228, Target 255.
The stock has formed a beautiful Pennant and giving breakout now making the new high. One can buy the stock for the target of 170 providing the stop loss just low of today.
I like to trade Flag(Pennant) pattern simply because it is relative smaller pattern so the holding period is less and risk to reward is mostly good. I've detected another pattern which looks promising as formed correctly fulfilling all the criteria. My only concern is its closing at the lower side forming a wick on double top zone. Is it an opportunity to enter...
Bull Pennant Pattern on Kotak Mahindra Bank.
Beautiful Pennant pattern gave breakout with higher volume two days ago. It is retracing which offers a good opportunity for short term gain. Mostly the Pennant is formed in half way which means that price may move as much as before forming the pattern. Stop Loss 68 Target 85. Risk to reward ratio is quite reasonable.
The stock has formed a beautiful pole and gave breakout today after 8 days of consolidation with good volume. It fulfills all the criteria for a valid FLAG (Pennant) pattern One can enter long for a target of 1010.
Trade able Pennant pattern gave breakout with higher volume yesterday. It offers a good opportunity for short term gain. The pattern is relative short pattern so the target can be reached in next week. Risk to reward ratio is quite reasonable.
From the SBI chart you know the direction I expect and its ready for breakout. Why Gap up ?? if you are wondering why, if a gap happens you will miss out the trade which will hit targets & you will be scolding yourself for not taking trade on friday evening. Anyway, only if you are willing to risk over two days then check with your plan & trade this SBI...