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...
DCAL Stock has given Breakout Of Trend line With Breakout stock has capability of 20-80% ROI.
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.
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 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
pattern retest done. pennant pattern formation monthly closing would be watchout for...hoping for good bulls
#ADANIGREEN 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
SAKUMA Ready For next Big run ? I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only.
share name : dwarikesh sugar reason of buy : - Share is consolidation on their resistance area of 2017 price is 80 which is a good sign - Now, It is forming a pennant and we can see a clear breakout on charts - In upcoming days we can see targets of 120 with stop loss 60 Thanks
BSE is making pennant formation on weekly chart. though it has given good run up in past few months. however with time correction it still seems to have some steam to take it further in next few months.
buy silver for the target of 100000 at current price 36871 stop loss 5990 duration 1-2 months
educational idea fiem ind has given the breakout and we expect the stock May go for given target levels to inspire us,Please like the idea If you agree with the analysis.
HIND RECTIFIERS LTD as per daily chart analysis has broken the pennant pattern and there can be twos scenario. 1) the stock above 202 hit the First target 208 and retrace or 2) the stock might break resistance 209 and hit second target 214 level.
After a heavy fall, share goes in a good consolidation phase. after giving breakout it was making bullish pennant. if we can see a breakout share can go up to 847 we can use Sl of 500 Thanks
In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
Pennant breakout and now retesting breakout trendline with strong rejection.