Endurance Technologies , a prominent player in the auto components industry, is exhibiting technical signals that indicate a potential swing trade setup. Reasons are listed below : Break of Flag and Pole Pattern : The stock has broken out of a bullish flag and pole pattern, which is typically a continuation pattern signaling further upward momentum. 50 EMA...
Stock is in a strong stage 2, broken it's all time high in Nov 2023. Shallow consolidation in the form of flag since 2 months. Ready to be taken off for a 30% upside.
Stock Name: EICHERMOT Timeframe: 1 Hour The chart shows the formation of a Bullish Flag Pattern, indicating a continuation of the previous uptrend. Key elements are: Flag Pole: The initial strong upward move, forming the base of the bullish pattern. Flag Resistance: The upper boundary of the flag pattern, highlighting the short-term consolidation. Flag...
bajajfinserve broke out of flag pattern on daily charts with good OI addition. Could b bought with mentioned stoploss & target.
Flag and Poll Pattern Formation in Galaxy Surfactant Entry - 3070 SL - 10% Target - As highlighted in chart
DLF , a major player in the real estate sector, is showing promising technical signals for a swing trade. Reasons are listed below : Break of Flag and Pole Pattern : The stock has broken out of a flag and pole pattern, a continuation pattern indicating the potential for further upside in the ongoing trend. 800 Zone as a Strong Support : The 800 level has...
The flag pattern is a powerful trend continuation pattern. It represents a brief consolidation after a strong price movement. In this example of NSE:BALKRISIND , The stock rallied by 44%/~1000 in 8 weekly bars - 56 days Currently, the price has broken out of the channel and is in the same direction as the initial trend of the chart. It corrected 9% /~302...
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The stock has been in an up trend. It has broken its all time high in 2021 and in good consolidation for 2 years and broken out of consolidation now. It has broken out of a bullish flag and pole pattern / falling channel pattern in a 3 M timeframe. One may also consider this for a swing opportunity , RSI intact in all time frames. Weekly price action shows,...
HINDUSTANLEVER FUT is on the verge of breaking out of flag pattern on daily charts with decent oi. Risk:Reward 1:2 Buy above 2500 with mentioned stoploss & targets. Not to b missed breakout.
Consider a compelling swing trade opportunity in Safari Industries , a renowned luggage and travel accessories manufacturer in India. Reasons are listed below : Flag and Pole Pattern : Safari Industries displays a flag and pole pattern, indicating a potential continuation of the prior uptrend. Bullish Marubozu Candle in Weekly Timeframe : The presence of a...
METROPOLIS fut broke above flag pattern on an hourly/daily charts with very good OI build up suggesting long build up. Risk:Reward = 1:3 Could be bought with mentioned stoploss & target. Not to b missed
Nifty has been seen gone bonkers and making swift moments upwards, without giving any breather to option writers. India VIX too marching along nifty(as suggested in previous post). Here in this study, on the left, I highlight the fund managers' chart or Quarterly Chart of Nifty. With help of #Elliot wave principles, I have marked the #Fibonacci Extension level on...
Keep eye on SOLANA it can make you happy with good move in a while 😇 Catch it OR watch it 😎
Key Levels: Support: 360 to 350 Resistance: 389, 399, 421 Key Drivers: Sun Pharma Advanced Research Company Ltd focuses on R&D of pharmaceutical products, earning revenue from license fees, royalties, and R&D services. In FY23, it obtained USFDA approval for Sezaby and filed for NDA of PDP-716 in collaboration with Visiox Pharma. The company primarily...
NIFTY 50 Index recently jumped up to set all time high. Looking at the index chart(s), a Flag and Pole pattern appears to be forming after this rally. A consolidated range break is imminent and we may start to see establishment of green zone after series of red hurdles. A bit of observation while staying patient will be the best therapy to see the picture unfold...
IFB Industries on a longer term has formed a Big Flag Pole pattern and Cup and Handle Pattern. After the Flag BO, it is creating newer patterns - Watch from Right to Left - as the stock increases it is creating Fresh Rounding Bottom patterns at each step - each Cup (Rounding Bottom) bigger than the previous one causing bigger upside Targets Targets 1) 1500 2)...
IREDA Poised for a 15-18% upmove from CMP. Reversing from a 2 week old consolidation - Bullish flag breakout - Trend continuation. Entry - Between 100 and 104. Target 110,113.40 119-123.