DEEPINDS seems like a pennant flag. Keep concentrate for the breakout above the channel & sustain above 313.
IRCTC formed a inverse Head & Shoulder pattern in D1 time frame and gave a breakout with good volumes. After breakout it's in consolidation phase and thus formed a flag and pennant pattern in H1 timeframe. High probability setup will be breakout of flag and pennant in bullish direction. Try to Avoid bearish direction. Disclaimer :- I'm not a SEBI registered...
A Pennant Pattern Is A Continuation Chart Pattern, Seen When A Security Experiences A Large Upward Or Downward Movement, Followed By A Brief Consolidation, Before Continuing To Move In The Same Direction. Buy Above ~ 2270, Wait For 15 Minutes Closing Basis With Stop ~ 2190, Target ~ 2380, 2550 Short Term Trade Setup.
Hindalco inds seems like inverted pennant flag pattern. when it will breakout downward, then only pattern will be activate. Otherwise keep concentrate for breakout whether up or down.
TECH MAHINDRA moving Downtrend channel. In between seems bullish pennant flag pattern formation in 4hrs chart. keep concentrate for breakout. If price breakout, the pattern will activate. Then it will move towards resistance. Refer upcoming Targets.
Xauusd looks bearish below 1815 . Sell - 1812 Target - 1800 , 1760 Sl- 1823
RATEGAIN is forming a bullish pennant pattern after breaking out from double bottom i.e. trend reversal pattern. Few weeks earlier it rose sharply after breaking double bottom pattern and now this vertical rise can be considered as flag. The stock is now consolidating, volumes are also drying and moving eastside towards apex point of pennant. Intraday traders and...
Bullish Pennant Pattern in NIFTY after strong bullish rally. Expected further upside rally after breakout of this pennant pattern. Wait for the breakout before long side entry.
Berger Paint formed Pennant Pattern and now facing resistance at 200 Day EMA line (Blue in chart) and volumes are dried up.. Its Technical indicators also shows some weakness, 1) RSI crossing down its 100SMA, 2) Stochastic RSI shows bearish cross down
After adani news, Adani port is in sideways from past 6 months. Share is trying to form a pennant If 730 is taken out we can see a good movement in this share Buy adaniport @730 with stop loss 675 target 1100
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...
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...
Tata Elxsi - Pennant pattern formation with 30 DEMA support. - Volume and Price contracting within the pennant triangle. - On the verge of breakout, prefer with good volumes. - Can go long on breakout of pennant triangle. - On weekly chart, stock in Stage 2 uptrend, this pullback may be an entry opportunity in uptrend for traders. Only for educational purposes....
Steel Authority of India Limited - Pennant pattern breakout + Hidden Bullish Divergence Stoploss below the upper trendline Target 1 @ 152, which is a key level Target 2 @ 170, which is a key level Target 3 @ 190, which is the price projection Target 4 @ 205 which is a key level Note: It has made a breakout last day and the price came back to the...
Mahindra and Mahindra is clearly forming a pennant pattern after a downtrend move. Stock is in downtrend since FEB 10 , 2021 . Although there is high chance of breakdown from this pattern due to down trend but we may also look for breakout. Enter only after a clear breakout/breakdown for more edge. This analysis was done by me only for educational purpose , feel...
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...
∘ Symmetrical triangle Pattern ∘ Pennant Pattern ∘ No trading zone marked as box
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...