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Flagandpole

JSWSTEEL getting ready for next upmove?After an extraordinary bull run from March 2020 to April 2021, JSW steel has been consolidating from the past one year. It has already given a breakout from flagpole pattern and has reached its ATH which is 776.50. RSI is looking very strong as it is above 60 in the weekly TF. Looks like a good swing as well as positional trade if it sustains above 775 . One can add on dips upto 725-730. This opinion is just based on my personal analysis and not a trading suggestion.
NSE:JSWSTEELLong
by chartistamey
SIKA - Flag pattern Breakout🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
BSE:SIKALong
by PrakWorld_Traders
GBP/AUD Target Hit 1.88000Took this trade on the breakout of flag and pole pattern on 4h time frame on 26 november i have posted this but somehow or techincal issue maybe its not uploaded on ideas after breakout it took a retest from the 1.85750 and then added this position on 1 december with the stoploss at 1.85660 then the trade started and our fib level target 1.87600 got triggered there is more room left for the target on 1.88000 but i have exited and booked positions at 1.87600 because of the rejection from 1.87900 levels. Good 1:3 R2R Ratio
Long
by UnknownUnicorn14050644
1
ZOOM VIDEO FLAG AND POLE Hello All Hope the last trading week was in the green for all of you. Back with a flag and pole on a daily and weekly time frame on ZM (this chart is on a daily). Good entry point if the daily takes support of the trend line and closes above the previous low. Stop loss just below the support trend line of the flag ( see red horizontal line ) . My entry is at the yellow horizontal line. Risk management rules fit well to a 2% rule if you start with a small to medium position for now. Can always pyramid on more while the stock is on its way up after a breakout of the resistence trend line of the flag with zero risk. ( stop loss = entry point ) or even add a trailing safe zone stop loss for profit taking. The target beautifully meets the previous resistence as you can see in the picture ( marked green horizontal line ). If you like the idea and would want more of such entries and exit ideas , please leave a like and a comment. Your support is greatly appreciated. Happy Trading
NASDAQ:ZMLong
by FoxxInvest
2
CENSOF prepare to breakout? Will it succeed?CENSOF is a company in technology sector which specializes in IT services and solutions. This counter had fulfilled the criteria of indicators that i'd been use in technical analysis that made me to published this idea. There are few indicators and reasons which supports my idea. Firstly, this counter have a strong resistance and support line. As you can see in the chart, the price movements shows the patterns of Cup and Handle, Flag and Pole & Ascending Triangle which all the patterns are bullish continuation pattern. CENSOF is currently uptrending based on its MA50 & MA200 and it will be very likely to continue its bullish trend. The support line is strong as 3 occurrences of retracement at the support line follows slightly above MA50. There are 4 attempts for breakout on the current resistance at 0.520 and the fifth attempt will be very likely to succeed. Secondly, the contracted volatility of price range occured starting 20 April 2021. This indicates a few things that happen in this counter. Retailers sell their possession for profit taking when the breakout attempt failed. The accumulation by the institutional traders and investors created spikes of volume at the retracement. The supply is diminished corresponding with the volatility contraction. Refer to the chart, the volume traded is decreasing due to the diminishing supply. As soon as breakout succeed due to the low supply and high demand,, the demand will explosively increasing as the retailers try to join the price rally. Thirdly, the hidden bullish convergence of the RSI line and closed price. This convergence indicates the continuation of the bullish trend. RSI indicators purpose is to determine the momentum of the price action. Even though the momentum is decreasing, it's still in the neutral zone and the price keep to climb up. Accumulation of momentum is currently occupied as the price range continue tightening/consolidating before the breakout and bullish trend take over. As conclusion, CENSOF had a great technical and financial analysis to be noticed by everyone for a chance to gain profit. The financial analysis is necessary to attract interest from traders/investors and to estimate its potential growth. DISCLAIMER: This post serves as an educational analysis and is never meant/ intended to be a buy/sell call or recomendation, whatsoever. Investors / traders must always do their own due deligence before making any investment decisions. The author of this post is not liable in any way for any decisions made by any individual.
MYX:CENSOFShort
by muhammadaminmustaner