Search in ideas for "Chart Patterns"
VRLLOG - 1D TF - Rectangular BoxRectangular Box Breakout above 185. High Volume is a pre-requisite. SL 154.9/158.9, Target(s) - 200, 210, 220. High Volume on 19th, 20th, 26th & 27th of August. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
KOTAK BANK - 1D TF - 1300KOTAK BANK at a very important juncture. Multiple times taken support at this level in the past couple of months. It's unusual that the bank that has remain quite resilient in these past months has started showing some weakness. Well nothing concrete till 1300 is hold. Hourly closing below 1300 would be a nice confirmation or just look at the volume candle on a 5 minutes Intraday Chart.HDFCBANK & HDFC are already weak, KOTAK BANK breaking 1300 will drag the index lower. AXIS BANK is good till 425, ICICI till 353. SBIN will simply follow. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
INDUSINDBANK - 1H TF - Descending Triangle & TrendlineSelf Explanatory Chart. 603 and 587 are the key levels. Same story as all Banking Stocks. Back to their swing lows or support zones. Wait for some confirmation for a move on either side. Can start accumulating above 620 BUT Strong upmove only above 630. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
ICICI BANK - 1D TF - Parallel ChannelICICI BANK is moving in a parallel channel and has reached it's lower part, where, it has taken support in the past. 353-354 seems to be the deciding level for the stock in short term. Big Change only on moving below 337-338. It has to sustain below the mentioned levels and not just be another trap, like it happened at he top of the channel. Will it take support at the channel and bounce back or break for the downside and halt around 350s? I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
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ICICIBANK intraday trade setupFollow Chart Patterns. Before you can find great trading setups, it's crucial to learn to read charts and identify chart patterns.
Our content consists of solely educational and information material and may be viewed as impersonal investment related information, which is based upon our review of current opinions and viewpoints in the marketplace and statistical and financial data and independent research we obtain from others.
Long Ircon for target 360 It seems like you're asking for a chart analysis for Ircon International Limited (IRCON) with a target price of 360. Unfortunately, as an AI, I don't have real-time access to current market data or the ability to generate charts. However, I can guide you on how to conduct a basic chart analysis using historical price data if you have access to a financial charting platform or software.
Here's a general outline of steps you can follow:
Gather Historical Price Data: Obtain historical price data for IRCON. You can typically find this data on financial websites or through trading platforms. You'll need daily price data for a significant period, preferably several months to a few years.
Plot Price Chart: Plot the historical price data on a price chart. You can use a candlestick chart or a line chart, whichever you prefer. Make sure to adjust the chart's timeframe to your analysis horizon (e.g., months or years).
Identify Trends: Look for any discernible trends in the price movements. Trends can be upward (bullish), downward (bearish), or sideways (neutral). Trends can help you understand the overall direction of the stock's price.
Support and Resistance Levels: Identify significant support and resistance levels on the chart. Support levels are where the price tends to find buying interest, while resistance levels are where selling interest tends to emerge. These levels can help you identify potential entry and exit points.
Technical Indicators: Apply technical indicators like moving averages, MACD (Moving Average Convergence Divergence), RSI (Relative Strength Index), or Stochastics to gain further insights into the stock's price movements and momentum.
Volume Analysis: Analyze trading volume alongside price movements. Volume can confirm the strength of a trend or indicate potential reversals.
Pattern Recognition: Look for chart patterns such as head and shoulders, triangles, flags, or pennants. These patterns can offer insights into potential future price movements.
Risk Management: Always consider risk management strategies such as setting stop-loss orders to limit potential losses in case the trade doesn't go as planned.
Target Price: Based on your analysis of the chart patterns, trends, and indicators, determine a target price of 360 for IRCON. Make sure your target is realistic and aligns with your risk tolerance and investment goals.
MISHTANN Potential BAT Harmonic PatternIn this analysis, we will evaluate the technical aspects of MISHTANN's monthly chart to identify potential trading opportunities. We'll focus on key patterns and indicators to form a comprehensive view.
1. Breakout and Retest of Falling Trendline:
The most notable feature on the chart is the candlestick pattern showing a breakout and subsequent retest of a falling trendline. This pattern often indicates a potential reversal from a downtrend to an uptrend.
2. Potential BAT Harmonic Pattern:
Another important observation is the possible formation of a BAT harmonic pattern. Harmonic patterns are distinct chart patterns that may forecast potential price reversals. The BAT pattern, if confirmed, has a target around ₹29.89.
Proposed Trade Strategy:
Considering the insights from the chart analysis, here's a proposed trade strategy:
Entry: Initiate a long position at the current market price (CMP) of ₹13.99. The breakout and retest of the falling trendline, along with the potential BAT pattern, suggest a bullish setup.
Stop Loss (SL): To manage risk, consider placing a stop loss at ₹11.13. This level is selected to allow for minor price fluctuations while mitigating the impact of adverse price movements.
Target: Set a target of ₹29.89. This target aligns with the potential BAT pattern's projected price level and represents a significant price increase from the entry point.
Time Horizon: The trade is expected to play out over approximately 270 days, as indicated. Monthly charts reflect longer-term trends and may require more time for patterns to fully develop.
Conclusion:
The technical analysis of MISHTANN's monthly chart suggests a potentially bullish scenario. The breakout and retest of the falling trendline, coupled with the possible formation of a BAT harmonic pattern, provide a compelling case for an upward price movement.
However, it's crucial to acknowledge that trading involves inherent risks, and no analysis can guarantee specific outcomes in the dynamic stock market. Market conditions can change rapidly, so it's advisable to monitor your positions closely, employ sound risk management practices, and consider your overall investment strategy. Consulting with financial professionals is recommended before making significant trading decisions.
Chart Pattern Bearish 15 Min GoldA bearish chart pattern in gold on a 15-minute time frame indicates that the price of gold is likely to decline in the near future. However, it's important to note that chart patterns are not always accurate and can be subject to false signals, so it's important to use other technical indicators and analysis tools to confirm the pattern.
Without further information, it's difficult to determine which specific bearish chart pattern may be present in gold on a 15-minute time frame. Some common bearish chart patterns that traders may look for include descending triangles, head and shoulders patterns, and bearish flags.
It's recommended that you consult with a financial advisor or perform additional research before making any investment decisions based on chart patterns or other technical analysis.
Will DLF GIVE 450..FLAG N POLE PATTERN..!!!As a Sectoral lookout for this start of this March Month, REALTY Sector which is seem to be prefer by the Buying side, evidence to this is LONG BUILT UP happening some realty sectors stocks e.g. DLF ...Which is a good stock in this sector..After a Bottom Around 120 It is showing Courage to go up by making some Bullish Price action, Bullish Chart Patterns...the thing which a trader look for...Now it is forming Triangle structure like a pole n flag which is a continuation pattern of Trend Intact...so, it is intresting to see whether DLF Could move ...? I made my analysis as per my knowldge and will look positively for the stock ...will try to have a desired Entry a Trader Could wish For....
Thats ALL GUYS...HAPPY TRADING...
SRF - PRICE ACTION + HARMONICSHARMONICS - Harmonic patterns were discovered by H.M. Gartley in 1932.
Later the theory was developed by Larry Pesavento, who wrote a book Fibonacci Ratios with Pattern Recognition.
Harmonic patterns are similar to chart patterns like
“Head and shoulders” in a sense that they are based on a specific shape of price action.
NOW LOOKING AT SRF CHART
WHAT IS MY OBSERVATIONS
1- AS PER THE PRICE ACTION - I COULD FIND OUT A HEAD AND SHOULDER PATTERNS WHICH ITSELF IS A QUITE
DECENT PATTERN,
TO TRADE
2- THEIR IS A STRONG TRENDLINE WHICH HAS BEEN ACTING AS A RESISTANCE
3- IT IS A POINT OF CONFUENCE WHERE IN THE HORIZONTAL RESISTAND AND
VERTICAL RESISTANCE IS GETTING FORMULATED
4 we could see a clean pattern of harmonics which is called as Bearish Bat pattern
Combining all the looks like SRF COULD SHOW SOLID STRENGTH
All the above is my personal study, the intent on this chart is not to give you any tips/calls
if you could understand the logic and see if they work in this market
Stay Tuned for next chart
All the best
Sportking India Ltd : Darkhorse with Flag and Pole PatternBSE:SPORTKING
Flag and Pole Detail Explanation:
Flag Pattern is one of the most popular chart patterns, formed by price action, which is contained within a small rectangle or a channel in the shape of a flag.
Flags are short-term continuation patterns that mark a small consolidation before the previous move resumes.
What is 'Flag' Pattern?
A flag chart pattern is formed when the market consolidates in a narrow range after a sharp move.
Usually a breakout from the flag is in the form of continuation of the prior trend.
Flags give very high risk reward ratio which means relatively small risk and high and quick profits.
Flag patterns are an integral part of technical analysis, but successful traders combine it with other forms of technical analysis to maximize their odds of success.
A flag can be used as an entry pattern for the continuation of the established trend.
Formation of the Flag Pattern
> There are pressure areas in a stock chart, which may be a minor support or resistance, or it may even be a minor target point. In this zone some traders book profit; however the trend remains unchanged. This may result in a small swing or the price may remain flat. Both the support and resistance lines are either horizontal or sloping downwards in an uptrend or sloping upwards in a down trend, forming flag.
> These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a midpoint of the move.
> The pattern has a “flag” appearance because the small rectangle is connected to the pole (the large and swift move).
> The move which precedes the flag portion of the pattern (the pole) must be a sharp move, nearly vertical.
> Flags are often considered continuation patterns, meaning that the breakout tends to theoretically occur in the direction of the preceding move.
> The formation usually occurs after a strong trending move that can contain gaps.
> The pattern usually forms at the midpoint of a full swing and consolidates the prior move.
Trading with Bullish Flag
> Flag Buy Signal - When the price has moved higher and prices have consolidated, creating a channel of support and resistance, a potential buy signal is given when prices penetrate and close above the upward resistance line.
> The pattern has completed when the price breaks out of the containing trend lines in the direction of the prevailing trend, at which point it will likely continue its course.
> Targets: The length of the flagpole can be applied to the resistance line of the flag to estimate the advance or target area.
Trading with Bullish Flag Pattern
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.
Entry : After Flag breakout