Watch Out HDFCLIFEHDFCLIFE has been trading near the resistance trend line of the parallel descending channel. On the Wider perspective, it is forming a Pole and Flag pattern. If it gives a breakout from upper trend line of descending channel, with good volume, a potential up move is implied.
Cheers! Feel free to share your view about this.
Happy Trading.
Poleflag
BATA INDIA Multiple pattern brokenBATA INDIA NSE:BATAINDIA
--> Divergence triangle which created from 2 Jun Broken
--> create cup and handle pattern
--> Create pole and flag pattern
--> After bricking divergence Triangle also come for retrace and take support at trend line
-->Bullish Strategy
aggressive buyer can buy now and safe buyer may wait to cross 1350
SL- 1320
Target 1 – 1400
Target 2 - 1420
CUP AND HANDLE PAITTERN WITH POLE AND FLAG (Educational purpose)RBL bank has given nice breakout from the cup and handle pattern after a long consolidation and after a nice breakout, it is forming pole and flag pattern which is indicating a strong upside move from these levels.
It is just an analysis and for educational purpose only
IOC had made new 52W Low on Closing basis.It looks more weak as it closed below 52W Low. it may fall further and it has already given poleflag breakout around 78 levels. hoping for oil demand growth, we can set for lesser targets. it may go upto 70. if still not able to reverse it may go upto 62 levels.
Pole Flag in BIOCONBIOCON is consolidating in 345-367 range for the last 10-12 sessions, breakout of either side given a very good momentum. put this in your watch list. Closing above 367 on daily basis gives a very good momentum towards upside. similarly downside as well 345 acting as a support, if it breaks it go upto 300.
KOTAK MAHINDRA BANK ON THE WATCH VIEW ON KOTAK MAHINDRA BANK
:-THE RANGE IS NARROWING DAY BY DAY
:-CONFIRMING POLE FLAG PATTERN
:-POLE FLAG PATTERN IS A CONTINUATION PATTERN
:-I.E WE EXPECTING A BREAK ON THE UPSIDE
:-DIVERGENCE VISIBLE IN THE CHART
:-WAIT AND WATCH APPROACH
:-TRADE WILL BE TAKEN FOR SHORT-TERM,MOMENTUM AND POSITIONAL AS WELL
:-ONCE LEVELS ARE TAKEN I WILL SHARE THE UPDATE