A strong pole & flag formation is seen in Reliance.
A strong pole is characterised by the absence of retracements i.e.., resembling almost a straight line. Stock has consolidated in a flag formation & appears to be testing the resistance with HH, HL formation. Such tests high a high probability of a breakout to occur.
The trade consists of a RR of 1:2. But...
A strong pole & a flag consolidation is formed on Astral. Price hovering around the flag resistance indicates a breakout is highly probable. Price consolidating in All time High territory, so no resistance to the upside.
Disclaimer: This is NOT a trade recommendation but only my analysis. Please do your own research before trading.
Points to Consider before entering Trade :
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1. A Flag & pole pattern with multiple touches of Flag boundaries
2. A healthy Breakout with HH, HL formation & Breakout Volume
3. Price now sustaining on Flag Support ( Earlier Resistance )
4. Target as the Pole Height
Disclaimer: This is NOT a recommendation to trade, but my own...
I see a Cup and Handle Pattern is formation.
Uptrend Continuation Pattern.
Initial target is the cup resistance.
We can review it again once that resistance is broken.
- This Company needs no introduction at all.
- The larger picture is that of a Pole Flag Pattern.
- It can also be said that a cup is in formation.
Within the larger pattern, a Volatility Contraction Pattern has been witnessed.
At least 14% profits are clearly visible for the taking.
- Annual Revenue rose 13.99%, in the last year to Rs 12,197.62 Crores. Its sector's average revenue growth for the last fiscal year was 24.13%.
- Annual Net Profit rose 34.36% in the last year to Rs 255.52 Crores. Its sector's average net profit growth for the last fiscal year was 5.85%.
- Quarterly Revenue rose 14.59% YoY to Rs 3,274.35 Crores. Its sector's...
Creative Newtech Ltd (Formerly known as Creative Peripherals and Distribution Limited) is a distribution and marketing partner of Global IT, Imaging and Lifestyle brands catering to their distribution requirements through its omni-channel presence.
IT/Gaming Products: The Co offers a range of IT hardware products like printers, supplies (cartridges), PC...
APOLLOTYRE got a pole flag breakout recently and it is having a good consolidation after breakout. It has a gap to fill at ~255 in daily chart which I think it would fill before going up again.
the target comes as ~422 in flag pole breakout target and the price has a resistance ~416, the selling pressure would be seen there.
It can also be a very good long term...
Long somany after the BO of the channel. A Pole and flag pattern has been seen on charts. Target 680-700 with an excellent risk-to-reward ratio.
This is for your educational purpose only.
Tata Steel is forming a pole and flag pattern in 4 hours tf and expects an uptrend breakout in the coming month. I'm hoping for a price around 94-96 as a good entry point for short-term trading. Because of the previous major rejection, a reversal from the 108-110 level is expected on the above chart.
NSE:GRANULES
Stock -> Granules
TimeFrame -> Weekly
Hello all!
Granules has been forming a flag and pole pattern.
It finally broke out of the flag in the last week of September with heavy volumes and I believe this generates a good opportunity to go long!
There are multiple other factors that strengthen my conviction on going long
-The stock is taking support...
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...
Flag and Pole Pattern:Bullish formation
CMP:263
Breakout took place on 28 Apr 22
Setting a Target in Flag-Pole Pattern:----
The target for a bull flag is derived by measuring the length of the flag pole and projecting it from the breakout point
Targets: 265/280/293
mphasis ltd for short posional trade. on day chart closing price near to 200 MA ,price chance to moveup side target 13% ..if 13% target complete then wait for
pole and flag pattern's breakout.
note - only for educational purpose.
NSE:ADANIPORTS
Stock -> Adani ports
TimeFrame -> Weekly
Hello all!
After a terrific bull run in 2020 and early 2021, Adani ports has been consolidating in a range since April 2021. It has finally given a strong good volume breakout after a year and this makes for a good opportunity for a long position.
The perfect entry would be after the retest of the upper...
