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,...
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...
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.
Stock is in uptrend in all the Higher time frames, bullish flag breakout and consolidation and then BO is seen.
The stock is poised for an up move of 15% from current market price.
One may consider entry at CMP - 110 , target supply zones at 121, 125, 133, 137 zones.
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...
Bank Nifty has given a very good technical entry today to go positionally Bullish.
Flag Breakout in Daily chart and Inverted Head & Shoulder Breakout in intraday chart with a retest to touch ALL TIME HIGH!
2% Target can be easy coming in very short time.
Multi-Timeframe Analysis of Vedanta:
Decoding the Dividend Yield
Vedanta Ltd has been a Cash Cow atleast for past 2-3 years from a Dividend Perspective. More than the Stock price gain - It has provided Dividend Yield of more than 40% since 2022. A large portion of Dividend yields was being utilized to settle the Parent Company's Debt in UK. It was like a...
Bullish signals on 3 Months, Monthly, Weekly and Daily. After a Long and Slow fall - it has formed a Huge Flag Pole pattern on Monthly and now taking Double Bottom Support to break the Flag
Get ready for 2x above 2520 to 5300++
Hey folks
Back with my signature flag and pole. Not into using crazy indicators here but just pure tech analysis.
COST giving a weekly flag and pole with divergence on macd.
Wait for 8-9 weeks for the next earning season and see it pop. Feel free to checkout my previous ideas and see how they faired.
Leave a comment and a subscribe for more ideas
Cheers
A
www.tradingview.com
USDINR Weekly Flag and Pole
Upper Triangle Bullish Pattern
Going to take retracement from 50 EMA
wait till break out 25 Dec 2023
81.917 to 83.285 Range
Astral Ltd (stock symbol: ASTRAL) initiated its rally on March 29, 2023, and has witnessed a remarkable return of approximately 52% as of today, June 29, 2023. Currently, the stock is consolidating at an all-time high and is poised to make a decisive move either upwards or downwards. The Relative Strength Index (RSI), which had previously indicated an oversold...
National Aluminum (stock symbol: NATIONALUM) experienced a significant decline from its peak at 127, dropping down to 67. However, it found support at this level and formed a double bottom pattern, with the second low also at 67. Subsequently, the stock began a slight upward movement but has remained within a channel pattern since August 2022 until today, 29th...
