ASIANPAINT is ready to breakout from a decent consolidation which was
under construction for more than 1 month.
It has formed a pennant pattern after a strong up move and now it seems that
the stock is ready to resume the up trend again.
The rising RSI further confirms the strength of the stock.
Bank of Baroda Pennant pattern formation on daily TF. RSI has already broken the trendline, lets wait for price to breakout of the pattern. SL will be 167 and target 1:2 RR.
Prakash Industries triangle pattern formation on daily TF as well as on weekly TF. Here I'm posting only the daily TF chart. Soon to be breakout share, keep in watchlist. Breakout above 75 and stop loss will be around 50. Trade for 1:2 Target.
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...
share name : MARICO
call type : poistional
- share is forming a pennant pattern with
morning star pattern
- a good consolidation can be seen around 1 yr
- we can accumulate this share at level 500-480
with sl of 470
- approachable targets 550, 660, 660
Thanks
NSE:KPITTECH is almost completed the pennant pattern (symmetrical triangle) creation.
Ready to go up or down based on which direction is breaks. Most likely up.
Trade: Buy above 695, SL: 661, 800 (Positional)
There is a pennant (symmetrical triangle) pattern formation (blue triangle).
By choosing baseline charting (instead of candlestick or range), you can visualize the swings.
As of now it's hitting the resistance of 403. If it able to break the previous swing high (409 on 04/10) with volume, it can go high (~425).
But see the black dotted line. That's a...
TVSSRICHAK has given a breakout from the pennant pattern, stock was under
consolidation from the last 30 days after a strong up move and now it seems that
it's ready to resume its uptrend.
RSI trying to keep itself above 60 during the period of consolidation which indicates
the strength of the stock.
Buzzing volume further confirms the breakout.
It can make a...
IGL Long (15 Sep)
RSI-69
Pennant formation
Buy at CMP- 436 or at 428
SL- 414
Target- 503
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Traders GEM
This pennant Pattern on daily time frame.
Can extend this move further.
Very bullish Keep on radar If Breakout happens.
First target will be 3500.
Keep on Radar.
-Gaurav
@Vivek- @forextidings @ExtremeVolume @investing @tradingview_ @cardshdfc31 @adani
