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.
FLAG
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
NZDCAD AnalysisWe have Higher time frame Bullish continuation, Now the market gave us the correction on the support of the current Bullish correction support, As we have first impulse as a retest from this support its a confirmation that the market have to go and complete the resistence of the cu8rrent correction.
NB: Im not advising this is my opinion
EUR-JPY Wait For Breakout! Sell!
Hello,Traders!
EUR-JPY is about to reteset
A strong horizontal resistance
Level at 148.000 and has
Formed a bearish flag pattern
So IF we see a bearish breakout
Then I believe the pair
Will go further down
Sell!
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