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Pennantbreakout

PENNANT & POLE PATTERN BREAKOUT AHEAD !SAIL : As you all can see that SAIL is forming pennant pattern from around 07 may 2021 , it took around 70 days to make this pattern. Now pattern is almost about to give a breakout / breakdown. If it gives breakout , it will also break the 50 simple moving average (green line in the chart ) , Which is a strong bullish sign. Pole height is around 60% this implies the stock has more room ahead to move. If not 60% , 20% to 30% is also a good target for short term. Lets keep Entry above 130 and very short term swing target of 148 . Mid and long term holders can keep high targets. This was my personal analysis on the stock and it was only for educational purpose. Feel free to share your views/ feedback.
NSE:SAILLong
by deswingmaster
1
GICRE - Expecting minimum 50% returns General Insurance is in a Pennant Pattern with a consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:GICRELong
by PrakWorld_Traders
Trident - Pennant Pattern, Highly bullishTrident is in Pennant Pattern with consolidation zone, so give an entry with appropriate Stop loss after the breakout from the zone 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:TRIDENTLong
by PrakWorld_Traders
3
TRIANGULAR-BREAKOUT-UPTREND-PRICE-ACTION-VOLUME-PROFILEDisclaimer-: 1. FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 2. Do ask your questions in the comments if any. Volume Profile-: Using Volume Profile one can identify probable accumulation or distribution regions by comparing the historical Volume at Price and current Volume at Price. 2. If the current volume is low, its mostly a pause before the trend resumes 3. If the current volume is higher or equivalent to historical levels then either the trend will resume or it may reverse. If it resumes then we have more strength in trend due to more accumulation. So a breakout/breakdown will confirm in this case OBSERVATIONS-: 1. Triangular Breakout and then resistance at 1024 level. 2. But the recent volume is comparable to the historical volume that accumulated before the long rally happened. 3. So the current could be a consolidation->breakout=long position. ENTRY-: Confirmatory breakout above 1024 level. TARGET-: Since the expected rally could be as big as previous one since the accumulation is highest in the current region so we aim for at least 100% Fib Ext Level- 1450 STOP-LOSS 865 is the best recent support level tested multiple times. So stop-loss somewhere around that level. EXIT Since the target is above all time high. Its a provisional target level. So it doesn't make sense to exit at target rather hold on to it as much as possible and keep conservatively trailing stop-loss. Following can be used as exit signals or bearishness signals. 1. If there is bearish candlestick pattern in 1D timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1D timeframe, better to exit at close of 1D since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. NSE:KAJARIACER
NSE:KAJARIACERLong
by VPA_TRADER