Entry at 662 Stop-loss 632 Target 788 ( Set as 161.8% of Wave1 ) Risk/Reward 1:4+ Voltas is in a strong uptrend. Price is trading inside an upward channel and formed a bullish pennant. Pennants look very much like a symmetrical triangle but are typically smaller in size, ( volatility ), and duration. Voltas is in a 3rd Wave and Impulse wave 3 often is the wave...
After trading for 4 months in the range, it is approaching the upper end of the pennant , may be a good risk reward
Powergrid looks bullish... Targets on chart...
Cholafin given breakout with good volume also made pennant. Targets on chart...
KEEP STOPLOSSES ACCORDING TO YOUR STRATEGY
The script was forming a pennant pattern and has also crossed the resistance of 68. A clear indication of the breakout can be observed on the 1Hr chart.
Larsen and Turbo Pennant breakout has worked rather well today.
Maruti Suzuki has formed a Pennant with a nice and long pole. The pennant has unusually taken 7-8 months to form and has now appeared to be broken. Its certainly working looking for a good entry point and then join this ‘SHORT’ ride!
Torrent Power, NSE has been in an uptrend for more than 3 years. Following this uptrend, the stock has been consolidating for more than a year in the form of a pennant. The Pennant now appears to be broken significantly! Its certainly worth checking for the right entry point and then enjoy this LONG ride! STOCKSHAALA: StockShaala is a community for stock...
Another Bullish Pennant Ready to Boost Bitcoin up to @10k . As mentioned in image the height of Pennant is the next target price , if it breakout. Normally Pennant formation is a continuous pattern, so there are more chances are for breakout in positive direction.
Puva Weekly flag breakout. All details in chart
Keep an Eye On :TFCILTD Technical : ( Daily Chart ) Pennant Chart Pattern Breakout Confirmed! @ 173 Technical Target : 310
1)MONTHLY CHART -The stock managed to close above its previous crucial resistance zone -we saw a pennant breakout -macd turned positive -rsi at 59 needs to cross 63 for higher levels which will be achieved in the coming months -if the stock manages to close above 1478 on monthly basis then we will achieve higher levels MONTHLY TRADEVIEW BUY @1480 STOP...