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Flagandpole

Astral Ltd. Consolidating at All Time HighAstral 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 condition, has now cooled off. In the near future, there are two potential scenarios. Firstly, if Astral Ltd breaks above the level of 2023.75, it could lead to further gains and generate favorable returns. Alternatively, if the stock breaks below the level of 1926, it might experience a decline. The downside target in this case is projected to be 1735.45. It is important to note that these projections are subject to market fluctuations and should be carefully considered based on individual risk appetite and investment strategies.
NSE:ASTRAL
by JigarHathiyani
National Aluminum (Flag & Pole)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 June 2023. Notably, the trading volume has gradually decreased during this channel period. A breakout on either side of the channel is expected to result in a substantial move, with a preference for the downside. For a short position, it is advisable to enter at 79.10, and the first target for this downward movement is set at 71.35. If the decline continues, the second target is projected at 67.25. Conversely, for a long position, the entry price is 86.75, and the first target for an upward move is set at 99.70. It's important to note that National Aluminum is an FnO (Futures and Options) stock, allowing for trading in both equity and FnO segments. Please note that this analysis is based on the provided information, and it's always recommended to conduct further research and analysis or consult a financial advisor before making any investment decisions.
NSE:NATIONALUM
by JigarHathiyani
USDJPY I Potential upside and CPI Report ForecastWelcome back! Let me know your thoughts in the comments! ** USDJPY 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
16
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.
NSE:KOPRANLong
by KARANN_DINGRA
6
EURUSD JOURNAL FIRST WEEK OF OCTOBER Hey, this is some knowledge I learnt from the expert. I'm using fibo line to get price pattern range area (reversal / continuous), I find out that the price is on reversal range. H1 shows there's a reversal pattern ( Double Top ) at SNR and already make its neck. The price done breaking the neck line, and undergoes pullback. But, if the price react with the parallel channel , price may change to flag pattern as the price will continue upward. Current market trend is downtrend.
Short
by CurrencyAnalysis
2