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Pennantbreakout

Gold: “Bullish Pennant” lures XAUUSD buyers on US NFP DayGold prices are starting to rise, reducing weekly losses on the first positive day in three. This reflects a market shift toward the traditional safe-haven asset as investors remain cautious ahead of the US employment report for September, particularly the Nonfarm Payrolls (NFP) data. Buyers remain in control Even though gold has lacked momentum over the past two weeks, it is holding above the late September breakout from a four-month trend line resistance, which now acts as support. The XAUUSD also forms a “Bullish Pennant” pattern, attracting buyers. The rising RSI (14) indicates strength, but the sluggish MACD and pre-NFP jitters are holding back immediate movement in the precious metal. Key technical levels to watch Gold's immediate focus is on the bullish pennant's resistance line, currently near $2,665, which poses a challenge for intraday buyers. Above that, the recent all-time high of $2,685 and the $2,700 mark will attract bulls. If gold trades successfully above $2,700, it could target around $2,735, which is the theoretical goal of the pennant. On the downside, support levels are set at $2,638 and $2,635, thanks to the pennant's bottom line and a long-term resistance-turned-support. Further down, an upward-sloping support line from early August and the 200-SMA will provide additional support for XAUUSD near $2,580 and $2,560, respectively. Gold bulls can overlook pullbacks Although US employment data may pose challenges for gold buyers, several strong support levels make it tough for sellers to regain control. This suggests that bulls can stay confident, even if prices experience a pullback—unless there’s a significant drop below the 200-SMA.
OANDA:XAUUSD
by MTradingGlobal
HFCL - Breakout from pennant - Continuation b.o.The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart. When price comes out of such narrow zone on higher timeframe, chances of such breakouts being successful increases manifold. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:HFCLLong
by TradewithAditya
HFCL Swing Trade 📈 Trade Analysis: Swing Trade Setup 🔍 Chart Pattern: Identified a promising pennant chart pattern, suggesting potential breakout. 📊 Volume Confirmation: Breakout supported by significant volume, indicating strong market interest. ⚖️ Risk to Reward: Favorable risk-to-reward ratio, providing a good potential for profit compared to the risk taken. 🔄 Trade Duration: Planning for a 6-month swing trade to capture potential long-term gains. 🛑 Risk Management: Implementing a trail stop-loss strategy. Will move the stop-loss to breakeven once the stock reaches the 100 Rupees level. 📢 Disclaimer: Remember, the market involves risks, and this is not financial advice. Always do thorough research and consider consulting with a financial advisor. Trade responsibly.
NSE:HFCLLong
by hunterhunt777
SOMANYCERA - Huge potential. Bullish pennant + Huge Cup & handleThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:SOMANYCERALong
by TradewithAditya
Bullish Pennant and Double Bottom BreakoutWeekly chart analysis of NSE:LATENTVIEW A bullish pennant has been seen on weekly chart pattern. In technical analysis that usually forms after a strong price movement upward, followed by a brief consolidation period. A double bottom is a bullish chart pattern observed in technical analysis. It usually occurs after a downtrend and signifies a potential reversal in the price of an asset. The pattern resembles the letter "W" and consists of two troughs at approximately the same price level, separated by a peak (the pattern's central point), the same has been marked on chart . Key Points: Continuation Pattern: The bullish pennant is generally considered a continuation pattern. Traders interpret its formation as a temporary pause or consolidation within the broader upward trend before the price is likely to continue moving higher. Breakout: The pattern is confirmed when the price breaks above the upper trendline of the pennant, accompanied by an increase in volume. This breakout signals a potential resumption of the prior uptrend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:LATENTVIEW
by hardeepssethi
TRB under Bearish Pennant Pattern#TRB 1hr. Chart Analysis After Bullish Growth and Manupulation by Whalers in TRB Since 25th to 28th Sept. from $25 to $67, just 2.5x in just 3-days, it's HYIP is finished yet and moving towards downtrend again as a Correction chart into Bearish #Pennant Pattern. It's Very big chances to break-out this pattern into next 24-hrs., minimum upto $38-40 and as per pattern maximum upto $28-30 also. Lets see, where it goes and how manupulators watching it again. Always #DYOR before investing into those type of highly Volatile #Crypto projects and Trade wisely by using of #StopLoss. Its just a #NFA. Also, Must Like, Follow, Comment & Share our Analysisi too.
Short
by AskToRahulSirohi
Tata Steel - Long Trade - Kursi Ki Peti Baand LijiyeNSE:TATASTEEL on weekly charts has a commanding positional advantage. Since commodities are news and dollar driven, some little knee jerk reactions can emerge during the journey, and perhaps by the end of September or early October, NSE:TATASTEEL can become a brilliant trade to play with. The positional view is also displayed on the chart, but it will need patience to maintain your current positions. Pattern Formed - Flagpole & Bullish Pennant Positional SL - Low point of the pennant pattern Immediate SL for long trade - Top of the pennant breakout line or say 115 on WCB Conclusion - Breakout of the pattern and retest done. Should resume upwards journey Let's see how the story develops. Best wishes! Disclaimer - - My thoughts are shared here. This is both for my own records and for keeping track of what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:TATASTEELLong
by nerdywasabi
2
Poddar Pigments forming a 3 week tight doji patternPoddar Pigments after a good time correction is going into bullish zone again, the formation of 3 week tight doji pattern near the trend line breakout zone is a good sign of demand this scrip is getting. Looks like this pigments scrip will be giving a breakout soon. Stop loss should be placed @ 290 here. *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NSE:PODDARMENTLong
by nishant_bhatt
2
BITCOIN still in Bearish Zone#BITCOIN 1-hr. Chart Analysis As per present cycle of Descending Broadening Wedge Pattern of CRYPTOCAP:BTC , soon it takes a little pump up to $25.5k to $25.7k but as per complete cycle of Bearish Pennant Pattern it will be declined for uptrend cycle and goes towards $24.5k to $23.5k soon with another Dump into market and may be it will happening into next 2-3 days. Always #DYOR before investing in #Crypto and Trade wisely by using of #StopLoss & Must LIKE, SHARE & Comments on it...
BShort
by AskToRahulSirohi
SOLANA - Bullish Pennant Pattern#Solana 4hr. Chart Analysis As per present movement of CRYPTOCAP:SOL into Bullish Pennant Pattern, Sonn it will be cross out last target of $32 and set new mark of $35-37 this time before take another downtrend cycle towards $30k again in this month, At present volatile situations, Whalers trying to manipulation on market, so that if market goes in Dump-Pump conditions again, then charts pattern and time will be change, but price will be up and down at this same pattern style. Always #DYOR & Trade with using of #StopLoss MUST SHARE, LIKE & COMMENTS on it..
SLong
by AskToRahulSirohi