Buy Proteanit has given breakout of pole and flag pattern. we may see upside around 2970 levels in coming months. view neagted below 1550 closing basis
PROTEAN trade ideas
Protean Tech - Flag & Pole Breakout - Buy above 1965Protean - formed Flag Pole Pattern and gave breakout.
One can enter above 1965 for targets of 2200/2550/3000/3500
SL - 1772.
Please note this could be slow mover and largely depends on govt for orders.
Disclaimer : Educational content. Please do your own research
Protean Egov Technologies cmp 1923.50 by Weekly Chart since listProtean Egov Technologies cmp 1923.50 by Weekly Chart since listed .
- Price Band 1712 to 1782 Support Zone
- Price trailing along Rising Support Trendline
- Price has breached both of the Falling Resistance Trendline
- Volumes in sync with avg traded qty post heavy spike 2 weeks back
- Weekly Support at 1712 > 1445 > 1250 Resistance at 2076 > ATH 2225
PROTEAN | Rounding bottomBSE:PROTEAN
PROTEAN
Looking good after rounding bottom breakout retracing
Chart Pattern:
- Rounding bottom
- Trading above EMA 9,20,50
- RSI near 60
Buy at CMP - 1802
TGT - 2150+
SL - 1680
NOTE: No buy sell recommendation, only for education purpose
Protean eGov Long Term Story BSE:PROTEAN
*Stock Near Breakout Zone
*If it cross trend line we can expect movement till ATH
*Good Consolidation in the last few days
*Huge buying, 5,00,000 shares each,by
- Plutus Wealth Management
- Massachusetts Institute of Technology
From 1500-1600, it went below 1000 (Gave a great opportunity, those who believed in the long term growth journey) but now it has recovered to 1300 levels. Long-term prospects look good
Flag & Pole breakoutThe stock gave a good up-move from 1300 to 2000 and consolidated, forming a good pole and has given a fresh breakout from the resistance zone of 2000. As per the pattern, on can expect the stock to reach 2650-2700 zones in the coming days (pole- 700 points). Kindly do your own due diligence.
PROTEANPROTEAN - Volume breakout and coming out of range.. can do well for 1600 levels down the line...
PROTEAN - Bullish Flag, Morning Star, Fibonacci Retracement 38.2In the chart of "PROTEAN," a Bullish Flag pattern has emerged, suggesting a potential continuation of its upward trend. The pattern is characterized by a sharp upward move (pole) followed by a consolidation period (flag), forming a rectangular shape on the chart.
The entry point for this pattern is identified above 1466, indicating a breakout from the consolidation phase. A stop-loss is set below 1410 to manage risk in case of a reversal.
The target for this trade is set at 2000, aligning with the typical measure rule applied to Bullish Flag patterns, which measures the length of the initial pole added to the breakout point.
Further reinforcing the bullish outlook, additional technical signals have been observed:
A cluster of patterns, including a morning star candle formation on the hourly timeframe, signaling potential reversal or continuation of the uptrend.
The prior pole trend exhibited a 45-degree angle, indicating strong momentum and trend direction.
Fibonacci retracement level of 38.2% also supports the bullish bias, suggesting a healthy pullback within the context of an uptrend.
Combining these bullish indicators—chart pattern, candlestick formation, trend angle, and Fibonacci retracement—provides a comprehensive technical analysis supporting a favorable risk-reward setup for trading "PROTEAN."
PROTEAN - LONG Protean eGov Technologies Limited was previously known as NSDL e-Governance Infrastructure Ltd. This company has great future and is a govt backed monopoly(almost). Recent IPO listing. This stock could very well become one of BSE, CDSL, CAMS category stock. Buy and hold for many X returns.
Protean eGov Tech Ltd can give 24 % return in short termProtean eGov. Tech Ltd shows reversal from parallel channel support . Volume buildup and volume spurt seen . Fibonacci 38.2% retracement level is 1252 . So above 1252 breakout this stock can go up to 1558 ( Fibonacci 78.6% retracement ) which is 24% upside . This stock can go up to Fibonacci 100% retracement level 1720 to parallel channel resistance level 1839 .
Only for Education purpose not any type of recommendation.
Take Protean for big upsideTake Entry at cmp 1135
Target 1426
Next average at 1057
Next double average at 792
PROTEANIn an IPO base, the pattern typically starts within 25 days of the stock's first day of trading. Know the important similarities with regular bases. For example, the buy point is drawn by taking the prior high. The price gain on the breakout should be strong.
