KOPRAN - A SWING AS WELL AS POSITIONAL TRADEHELLO FRIENDS,
Here I am sharing my view on KOPRAN LTD (NSE) which is showing bullish bias on the chart.
The stock was in downtrend since December 2021 following the downtrend as Lower Highs and Lower Lows pattern but now the stock has broken this pattern and started doing Higher Highs and Higher Lows which depicts the change or trend to uptrend from downtrend.
It has given breakout of downward sloping Trendline in Weekly time frame.
All the supporting indicators as showing bullish bias on the chart of which snapshots are given below.
Weekly trendline breakout with good intensity of volume
In Daily Time Frame, Stock has given the breakout of FLAG and POLE Chart Pattern in which we calculate first target as same as the size of pole.
Price at the time of breakout is Challenging Upper Bollinger Band
Directional Movement Index is also showing strong Bullish Bias
Price is Trading above 50DEMA, 100DEMA and 200DEMA
MACD in Daily Time Frame - Positive Crossover
MACD in Weekly Time Frame - Positive Uptick
RSI in Daily Time Frame - Positive uptick and above 60 - a bullish sign
Conclusion-
overall stock is bullish on chart, one can enter this stock as swing or positional trade following strict Stop Loss.
Disclaimer-
I am not SEBI registered analyst.
My studies are for educational purpose.
I am not responsible for any kinds of your profits and losses.
please consult your financial advisor before investing your money.
FLAG
NATGAS Will Keep Falling! Sell!
Hello,Traders!
NATGAS is trading in a
Downtrend and the pair
Has formed a bearish flag
Pattern so now that we are
Seeing a bearish breakout
I think that the price
Will go further down
Sell!
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Bull FLAG for BTC on weeklyI have been posting recently, mostly NON-technical analysis for btcusd. But here is a very easy to spot BULLISH continuation flag.
BTCUSD should expect either one of two scenarios (Technically speaking):
1- Continue through the channel by retracing back to around 25k.
2- Break anytime soon (Refer to my idea about timing : ), to reach 29k, then 33k.
Since, I am expecting bitcoin to gain mainstream support after June 8th, then both are actually possible.
In all cases, By end of June, BTC should finally break out of this channel.
New York Times to breakdown from a flag?New York Times Co - 30d expiry - We look to Sell a break of 35.19 (stop at 36.39)
Short term bias has turned negative.
Trading has been mixed and volatile.
Trading within a Corrective Channel formation.
Price action is forming a bearish flag which has a bias to break to the downside.
35.29 has been pivotal.
A break of the recent low at 35.29 should result in a further move lower.
Our profit targets will be 32.19 and 31.19
Resistance: 36.40 / 36.80 / 37.80
Support: 35.70 / 35.29 / 34.50
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EURAUD I Correction completed from recent impulse - LONG Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CHEMFAB ALKALIS - BREAKOUT HELLO FRIENDS,
Here I am sharing CHEMFAB ALKALIS which recently have given breakout of Flag and Pole chart pattern and also forming Head and Shoulder pattern
it has given breakout of flag n pole pattern with intensity of volume and the indicator that supports to take trade which are MACD and RSI are also in favor.
Flag N Pole breakout
The price is also trading above the significant EMAs i.e. 50-100-200
Macd in Daily time frame
Macd in Weekly time frame
RSI at the breakout candle is positive uptick and is also above 60 which shows strenght
Disclaimer
I am not SEBI registered analyst.
All my studies are for educational purposes.
I am not Responsible for any kind of your profits and losses.
SEAL looking at a flag breakout MYX:SEAL is flagging and pending a breakout to the top. I the close for today maintains above 0.42, I think possible targets towards 0.47 soon with stops at 0.40
These are my views and analysis and is only for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
HDFC - Inverted Flag BreakoutHDFC - Inverted Flag Breakout
It can break on either sides.
Both the sides, there will be a sharp rally
ID's Next target is 0.95$!Hi every one
ID has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ID is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! The Next target is around 0.95$!
🟡Summery:
-ID has been Bullish Recently!
-The odds of another Bullish Movement is High!
-Bullish Pennant is Visible on The chart!
-No break out yet!
-Next Target at 0.95$
🤑Stay awesome my friend
Thank you for seeing idea .
Have a nice day and Good luck
Flag - Slow Uptick of NZDCADNZDCAD is one of my favourite longs. Slow and steady. Not like the crazy volatility in the JPY weakness last week or today's spike in AUD strenght. NZDCAD is in a flag upwards. I just need to keep it tight, maybe around 50 pips & only 1 trade. Might be able to short it once in a while when it is range mode but my preferred trade is still the long side.
ACHV preparing to Reverse SHORTACHC previously ran up in a high tight flag pattern in my previous idea.
It has been slowly ascending in a narrowing channel. ( ascending wedge)
There has been a little push in volume on the indicator as price has
approached the upper boundaries of the channel. The average
directional index has decreased into the " chop zone" where consolidation
and lack of direction describes the price action.
I see this an an opportunity for a short entry. I will watch things on
the 1 and 5 minute charts for the best entry possible and the
ride this volatile biotechnology stock a long as possible.
Corrective Movement for AUDUSDThe AUDUSD pair has reached a support level, with a divergence appearing on momentum indicators. This could lead to a corrective movement, with a retest of the channel it escaped from, the 100 and 200 moving averages for the 4-hour timeframe, and the Fibonacci level of 38.20% around 0.66630. The price is then expected to drop towards 0.6550.
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It’s a bear flagI posted a couple months ago about the SPX struggling against the 20 month average resistance curve, after another rally, it looks like the 20 month stopped it dead in its tracks.
If you invert the chart, you’ll see a
That price has a made a classic flag, with “support” found on the red 20 month moving average. This is a trend continuation pattern, and the trend as of Nov 2022 is downwards