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Dabur 1D - Good example of breakout and retestBreakout candle on 1July with good volume and retest happening on 14 and 15July. Consecutive bearish candle at top with low volume, so I will not consider it as trend reversal yet. Wait for one good solid bullish candle with volume to confirm the support retest and then should be a good setup for entering short/medium term long position. I will not enter without confirmation and follow up as Nifty is trading at all time high. P.S: This is NOT an investment idea or trade tip. You can use this chart for learning purpose. Trading decision to be taken at your own risk.
NSE:DABURLong
by LetsTrade123
Trend Continuation PatternBullish Flag Chart Pattern: Tata Chemicals Description: The flag represents a brief pause in a dynamic market move & one of the requirements for a flag pattern is that it should proceed by a sharp and almost straight-line move. It represents situations where a step advance or decline has gotten ahead of itself, and where the market pauses briefly to "catch its breath " before running off again in the same direction. Construction of Flag & Pole pattern: The flag resembles a parallelogram or rectangle market by two parallel trendlines that tend to slope against the prevailing trend. The flag usually occurs after a sharp move & represents a brief pause in the trend. The flag should slope against the trend. Volume should dry up during the formation & built again on the breakout . How to trade flag and pole patterns: The sideways period is often followed by another sharp rise. This is where the trading opportunity comes in. Once the flag pole and a flag or have formed, traders watch for the price to breakout above the upper flag/trend line. When this occurs, enter a long trade. Conclusion: 1-Flag patterns are a commonly used technical analysis tool and majorly a choice of breakout traders and swing traders. 2- Flag is formed when there is a minor profit booking in either an uptrend or a downtrend. 3- The pole is formed by a line that represents the primary trend in the market. 4- It is important that flags are preceded by a sharp advance or decline.
NSE:TATACHEMEducation
by Indrajit08
3
DAILY SWING CALL // Monday 28th of June 2021 // TASTYBITEDAILY SWING CALL // Monday 28th of June 2021 // NSE:TASTYBITE // This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade // CMP / LTP: 15657 TARGET: 18000+ (15% Around) STOP LOSS: 14090 (10% Max) Standard Notes: - Please follow the Stop Loss strictly and preferably on a daily closing basis. - Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved. - Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period. - If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed. Disclosure: I may or may not have a position in this trade. Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
NSE:TASTYBITELong
by Amit_Padishalwar