TRENT has been seen on a pennant chart pattern and is on the verge of a good breakout on daily TF after almost a consolidation of almost 2 months.
The company has increased institutional investing, a good 50% and above increase in sales QoQ growth for the last 3 quarters and EPS growth of 40% to 100% in the last quarter.
Good for swing traders. Can hold for...
The XAU/USD pair (spot gold) on the M30 timeframe presents a potential shorting opportunity due to the presence of a bearish flag pattern following a strong downward move.
Potential Short Trade :
Entry: Consider entering a short position (selling) below the broken support trendline of the flag after confirmation. Ideally, this would be around 2330 or lower if...
IOC has seen a consolidation on DTF (bullish pennant) after almost a consolidation of more than 60 days. Confirmation to be given on break of structure.
The company has a upwards of 500% increase in EPS QoQ growth for the last 3 quarters and increase in institutional interest.
Good for swing traders. Can expect an upward momentum of a min of 10-15%. Targets...
The btc pair creates a pennant in the 1D timeframe. If the market breaks this pattern then a big move is expected, there is also an order blocker in 1d at 52500-51000 range. If the market does not give respect to the downward order block and breaks above then the market goes above 85000.
Weekly= Bullish.
Daily= Bullish.
4H= Bullish.
Weekly is in consolidation (Flag Pattern). Daily in bullish parallel channel.
1H bullish pennant breakout currently. Long-term expecting price to reach top of weekly consolidation/flag pattern (1.38800) then breakout to continue bullish movement to weekly zones. 1.41000 & 1.42000
The GBP/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish pennant pattern. This pattern often suggests a continuation of an uptrend, potentially leading to further advances in the coming minutes or hours.
Key Point s:
Recent Price Action: The recent price action shows the price holding above the...
NASDAQ:EA The daily chart shows a pennant forming, which has been broken by closing above the top of the pennant @ $140.
In the weekly view (shown here), there's a triangle pattern. Top of the triangle is ~$151 and was established in 2018 and tested in 2021. If the top of the triangle is tested and broken (closing above $151 for the week), then this has a...
DDOG looking really attractive here. Came back down to test the support/resistance flip (blue area) and has been tightening in a pennant. Now resting on the 50 and 20 EMAs on the 65min. RSI right at 50 and looking to hold that and maintain strength.
Building upon the analysis conducted yesterday, it is observed that NSE:FSL stock has successfully experienced a breakout upside from the Pennant pattern. Today's price action has confirmed the Pennant pattern breakout, signaling a continuation of the prevailing uptrend. The breakout is characterized by a decisive move above the upper trendline of the Pennant,...
📝 In this educational technical analysis, I would like to discuss BALKRISIND. Understanding key technical terms and patterns, such as pennants and ascending triangles, can help new traders identify potential trade setups. Remember, I am not a SEBI registered analyst, and this analysis is solely for educational purposes.
BALKRISIND experienced a bull run from...
As you can see, the price increased a lot after breaking the pennant, but now it's time for the price to correct a little, and my target level is Fib 0.618=1.075.
🍻Hard for everyone but easy for me. thanks God...
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We expect further upside on this pair, signalled by the breakout of the pennant pattern. We can also see the formation of a new high and a breakout of two key levels which further supports our directional basis.
BNB making a pennant pattern which is bullish pattern. if the pattern breaks upward direction ,Then we can easily expect BNB to 300$ easily. Let's see what is going to happen. Weather it's breakout or breakdown of pattern occur.
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.DYOR !!!
NSE:ONMOBILE Is forming Pennant. The trade should be taken only after confirmation of pattern that is after closing of candle above pattern. Target and stoploss for the same are given
Solusdt forming a pennant pattern which is considered as bullish pattern as well as bearish pattern it's depends upon which side the pattern breaks upside or downside. Now we can see sol is sitting at good buying price (trend line support)in short timeframe with proper stoploss. Because there are 30-50% chances of breakdown. (Tight stoploss necessary) .
not a...
