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Bullflagpattern

HDFC - Bull Flag Breakout - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
HLong
by AdityaKarn90
JICPT| USD approaching previous high with bull flag pattern!Hello everyone. The dollar index has been up by approximately 4% since June 1st from 89.55 to 93.20, with the support of US economy recovery and fear of tapering. If we look at the chart of gold as below, we can also clear see that the rebound of gold has been terminated and it fell from that day. So, the performance of gold would be mainly attributed to dollar index(there're other factors to influence gold as well). That reminds us the importance of correlation again. So, from the dollar daily chart, I can see it's approaching previous high. Technically, it will cause some trouble for the bullish buyers. I marked two possible path. One is go-up with no hesitation, whilst the other one is pullback-and-go. I personally prefer to the second one. The bull flag pattern looks nice for pull backers to long at the neck level. US 10Y yield and the dollar index is always the top two on my watchin list. The movement of the two will affect the global financial markets. What I can induce from the dollar index is as below: 1. if dollar index got trouble next week, gold is likely to challenge previous high of 1839. It will be confluence with my gold setup below. The link is also provided for reference. 2. I might get some nice long setups on EURUSD, GBPUSD given the weakness of USD next week. Of course, the setup must be align with my core trading strategy. China is the first major economy to recover from the pandemic. I saw how strong the CHN/CNY was against the dollar. Now, it's the US turn. I'm bullish of the dollar index in the mid-term, say for the rest of the year. Do give me a like if you're with mine. Thanks for your support.
INDEX:DXYLong
by JICPT
CUMMINSIND - Bull Flag - Swing Trade for Life-time High LevelsThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. For understanding how to trade a Bullish Flag Structure, refer to the ideas linked below. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management . Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
NSE:CUMMINSINDLong
by AdityaKarn90
2
JICPT|USD bouncing back from bull flag Hello everyone. This is a follow-up post regard the one I shared on July 25th. Back then, I come up with two possible price movement path, with one retesting the bull flag. Today, the dollar index touched and zone and bounced back. It's very likely to go upside, giving trading opportunities on dollar pairs, e.g. EURUSD, GBPUSD. It seems that the zone of 93.23-93.46 is a strong supply zone. Dollar didn't even touch it. After this retest, dollar may challenge the zone again. By the way, forex traders should pay attention to massive fiscal stimulus plan by the US government which would result in sharp fall of the dollar index . If any big plan is approved, no matter how strong the structure looks, it'll be violated with no doubt. The recent spread of delta strain around the world is a big blow to the optimist who believed the full-vaccination would save the world, however, the truth is that we're unable to terminate the virus in the short term. Pepel with two shot still get infected. If things are out of control again, central banks and governments may be forced to launch more stimulus package, likely fiscal packages, instead of monetary ones as the target rate is too low (0-0.25%). Pushing it down into the negative territory is harmful against the backdrop of the rising inflation. In case like that, new wave of stimulus packages would boost the stock market and push down the dollar index. However, there won't be a happy ending. The bubble becomes bigger and bigger. it'll burst just like the ones happened before in the history. The question is when? Give me a like if you're with me.
INDEX:DXYLong
by JICPT
JKTYRE - Bull Flag Breakout - Swing trade Target = Lifetime HighThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. For understanding how to trade a Bullish Flag Structure, refer to the ideas linked below. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
NSE:JKTYRELong
by AdityaKarn90
SBIN - BULL FLAG BREAKOUT - Medium/Long Term SwingThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. For understanding how to trade a Bullish Flag Structure, refer to the ideas linked below. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
NSE:SBINLong
by AdityaKarn90
Coffee Futures in a bullish consolidationAs you may see in this chart, the price for coffee consolidates and could form a bullish flag. IF the price breaks the channel (flag) to the upside, which could happen with quotes in the range between 160-163 USD or above in the following days/weeks, it is more likely that we see a continuation of the bullish trend. The next short-term target zone is located at 175 USD. The long-term target is at 280 USD. IF the price breaks the flag to the downside, the coffee price is likely to be supported at the fib levels 143.65, 138.15, and 131.40 USD.
ICEUS:KC1!Long
by p4917
$AMD bullish again? Here's the analysis.Hello everyone, AMD has been an outperformer since it tested the 73 support multiple time earlier this year. It broke out of a 6 months long downtrend line in 2020 November and is currently backtesting it (thick yellow line). This may indicate the strong hyper momentum semiconductor stock is ready for another powerful rally. Disclaimer: I personally hold AMD shares so this analysis is biased toward the bull side. Pros: - Downtrend line broken and currently holding the ratest - Lightning bolts price action, a classic bull flag that points toward 89-91 areas. - Tech and growth being in favor again with the easing of inflation fear. - Trading lower than my valuation of 96 - 110, note that this valuation is subjective and priced in with a high PE ratio. Cons: - R/R ratio for the trade right now is not favorable to the bull until it clears 89 - 94 resistance - Slight bearish divergence on the RSI - Change in monetary policy could have a negative impact on tech stocks again. - Market breadth across shows bearish signs as not most stocks are above 50EMA Summary: Technicals of AMD are favoring the bulls and stock outperformance has not changed for the short term. For holders: Monitor price action around 89 - 94 resistance, you should up your expectation with recent technicals For non-holders: Buy around 81 - 83 as the previous resistance areas are likely becoming support.
NASDAQ:AMDLong
by Mattyx227
5
MGNI Bull flag on the weekly, daily looks very goodMGNI You can clearly see we are still in the long uptrend channel (blue lines). I bought in 2019 Telaria & Rubicon before they merged into MGNI. Averaged at 5s, but scaled out profits when the red and blue lines came together in the 55-60s. Here you can clearly see how to predict tops on a weekly timeframe. Entered position again at lower uptrend blue line of the channel. Will buy more if it ever hits the white line again, since I expect a rejection at the yellow downtrend line. Also clear bull flag on the weekly as well as daily looks good. Add to positions on the blue and white uptrend lines. Yellow down trend line might act as resistance for now.
NASDAQ:MGNILong
by MLinv
AMZN is in bull flag... breakout time?I decided it was time for me to revisit charts after an intense 6 months of learning. I had all kinds of designer ideas, but now... i see that AMZN is trading in a monthly channel... a bull flag to be exact. Other patterns do form within patterns, but it helps me see a bigger picture. We're about to top the channel. Let's see if it breaks... go long. If not, then trade to the bottom of the channel or wait until it does break this pattern.
NASDAQ:AMZNLong
by mommymiles