1. Pole & Flag Pattern Breakout
2. 1 Year of consolidation
3. Breakout range is Big (Pull back is advisable)
4. Ultimate Targeted profit is 1:28+ RR (Long term positional view as per ultimate target)
in nifty pole and flag pattern in making. if breakout of trendline happen then we will see the target of 19300 in coming 9 days. one can go long in nifty if upper trendline is broken.
Havells has broken out of a flag with pattern after taking support from the 50ema, Although markets are bearish right now, nifty rests on its 200ema and we may see a bounce back throughout these bearish days where most stocks broke structure and fell sharply, havells maintained and consolidated on
its moving average showing strength
Target: Flags High
trade setup-
counter trendline with pole and flag pattern or consolidation near counter trendline
There are four touches which is enough for validation of a counter trendline to trade whenever there is breakout.
If you see at second time touch (6 april to 29 april) , there is pole and pattern but it failed to breakout.
Now, 4th time touch to counter line & gave...
MIRZAINT--> POLE & FLAG BREAKOUT
NSE:MIRZAINT
TECHNICAL ANALYSIS
--> MIRZAINT had made a impulsive upmove earlier and was consolidating in Flag Pattern since 14 Weeks.
--> MIRZAINT has given a breakout from a POLE & FLAG Pattern.
ENTRY
--> Take a postion when stock gives 1 HR closing above 225.
STOPLOSS
--> SL can be placed below 199.
...
JSW STEEL LTD
On weekly chart Stock trading in DARWAS BOX
and on daily chart Pole and Flag formation
Stock trading at recent highs and trading at good volume; Expected good movement in coming weeks
Buy above 760 levels for 8-15% targets.
keep SL of 725 levels
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any...
AUBANK after 30-35% rally now consolidating with respecting a trendline resistance since last few days. formed a pole & flag pattern. all the levels are shared in charts. Go long here in AUBank.
Shows signs of short term trend reversal (bearish to bullish), and continuation of long term trend of bullish
1) Took support on 200 Day Moving Average
2) reversal from 61.8% retracement level of Fibonacci support level
3) Head and Shoulder pattern neck line Breakout
4) Flag and Pole pattern
5) Trend line Breakout
6) reversal from June Highs of 2375
for Short...
ZEEL
- on hourly chart we see a shooting star on 15 Sept with a high of 300.75 & closing at 266.90
- on a closing basis highest close on hourly chart is of 271.35
- today, we observe a Pole & Flag pattern in ZEEL
this is usually seen as a continuation pattern
Target for the current set up 236 / 233 /...
POLE & FLAG BO pattern seen on Day chart of NSE:BAJFINANCE ..
after sustainable BO stock will resume its strong upmove once again.
can initiate long trade with SL below BO candle..
Positional Target will be 1000 points minimum looking at pattern.
in Pole Flag BO Pattern Target is Pole Height.
SL below BO candle, Target Pole height (aprox 1000 points),...
Pole & FLag Pattern BO seen in NSE:PIIND
after sustainable BO stock can head to 3775-3800 (Pole Height)
Stop Loss should be below BO candle.
Positional Trade.
**EDUCATIONAL PURPOSE
