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Pennantbreakout

BITCOIN 15min. Chart at Pennant PatternBITCOIN 15 min. Chart Analysis As per scenario, BTC movement of Yesterday & Today running under Pennant Pattern into 15 minute chart which is max. valid for 24-72 hrs. at previous Pennant it moves perfectly and as per second Pennant , if it will be moves accurate than, major chances it will reverse from $31.85k around and starts their Downtrend cycle very fast in DUMP situation. While, as per FIB extension pattern, if it will be reverse around $32k, its Lower-Low last cut-off is $27.5k to $26.5k Always #DYOR and Trade wisely by using #StopLoss at this situations. Must LIKE & SHARE
Long
by AskToRahulSirohi
1
An Apt Breakout in APTECHTCompany has reduced debt. Company is almost debt free. Company is expected to give good quarter. Company has delivered good profit growth of 20.7% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 83.5% Debtor days have improved from 158 to 118 days. Company's working capital requirements have reduced from 153 days to 80.5 days Aptech Ltd. is a pioneer in the non-formal education and training business in the country with a significant global presence. It was established in 1986 and has 800 centers. It has a presence in diverse sectors ranging from IT training, media & entertainment, retail & aviation, beauty & wellness, banking & finance, and pre-school segment amongst others. It has successfully trained students, professionals, universities & corporates through its two main streams of business - Individual Training and Enterprise Business Group .
NSE:APTECHTLong
by CannySunny
4
Pennant breakout in ISMT !!!Before heading towards a trade idea, let me clear you about the pennant chart pattern. ->This pattern is majorly divided into two components 'pole' and 'pennant'. ->This kind of pattern forms when a stock has seen a huge and steep rally which makes a 'pole' component of the pattern. -> After the rally, that particular stock goes into a hibernating period, which we call consolidation. This consolidation phase forms the pennant or flag of the pattern. ->Pennant is generally triangular and is for a short period whereas the flag is rectangular and in for long period. ->In markets, every period has an end when the consolidation phase is over the stock resumes the rally and there is a breakout from the consolidation or the pattern. ->Target is estimated by the pole size, i.e. the previous rally. After consolidating for almost 1yr ISMT has given the breakout from the pennant pattern with thunder volumes which further indicates the strength of breakout. This breakout coincides with the monthly breakout of the huge cup and handle pattern. Strong support for weekly RSI around 40 indicates and also breakout in visible.
ILong
by Chaser30
3
Escorts Kubota Limited :LONG TERM TRADEEscorts Kubota Limited, formerly Escorts Limited, is an India-based engineering company. The Company offers solutions for agriculture, infrastructure and railways. The stock is in retracement stage on daily and weekly time frame forming a PENNANT PATTERN. The Pattern has been broken out a shown in the chart. The Fundamentals of Company are strong with a Market Cap of Rs 27,177 Cr and YOY stock yield of 13.77 % . Analysis on Weekly Chart : The technical indicators at current level are as under : CMP : 2107.05 MA20 : 2101.70 MA50 : 2083.82 MA200 : 2081.12 RSI : 57.47 crossing over MACD (12,26) : 6.97 ADX (14) : 28.98 ( Directional Strength - In range ) ATR (14) : 17.07 ( less Volatile ) The Targets are as detailed in the chart , and is a strong buy.
NSE:ESCORTSLong
by chakraveer1104
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.
NSE:NESTLEINDShort
by pradipandsuvra
EaseMyTrip Price Action AnalysisThere 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 "prediction" heuristic (no guarantee, it's just a heuristic) where price-action can go. If it fails to break the upper trend line, then the range is: 400-375.
NSE:EASEMYTRIP
by pradipandsuvra