Flagandpolepattern
GREENPANEL - Ascending Triangle patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
When a Symmetrical Triangle Pattern Fails, What to DoDon't mind the audio quality & the background noise I didn't plan this just decided to share.
One of the ways I figure out why a pattern fails and while my stop loss hit I fix it and make sure I recover it and even more sometime. Yea I know its not good to have that mentality of "I must recover, I can't take a loss" but as a professional you can fix it right on spot and that is why I'm sharing this for the beginners and even professional that do not know about this.
As you can see on the chart the 1st symmetrical pattern was forming so I thought this is it but unfortunately after the so called breakout (which I thought) it didn't succeed I took some loss the when I saw a potential Flag Pattern forming I thought yes, this is my chance, it's happening, I would take a long immediately after breakout but again I was wrong, the 2nd lager Symmetrical Triangle is forming so when I finally figured it out I knew where exactly the next move and I took it. I recovered from the first loss and made extra, cool.
Fluor corporation broke out of the flag patternNYSE:FLR is showing major relative strength to the overall market and just broke out of the flag pattern. Anticipated price action and targets are shown on the chart, stop loss daily close below 28$.
Hit the like button please if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
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
Flag Pattern Break Out Imminent On Maruti SuzukiFor my first ever TradingView post, here is a trade brought to you for free. As you can see in the image the flag patterns that Maruti Suzuki has been forming at 15 min timeframe. DO NOT CONSIDER IT A CALL. You can analyse for yourself as per the image provided and then put your thought in comment section if I made any errors. (Don't know if TradingView has one). NSE:MARUTI
Trent looking bullishTrent Ltd. stock has given trendline breakout with good volumes which can also be seen as a flag pole pattern. Also, The stock has given a very good weekly closing.
The stock can be a good buy for intraday above 910.
Also, one can expect nearly 10% targets in a swing trade if the ATH levels are crossed.
This is just for educational purpose.
Adani PowerAdani Power has formed a good Pennant Pattern on (1D) time frame where it has been respecting the price action and it has retested the trendline We can expect good move. Expecting positional Target 109/ 115 / 125 / 140 Sl 92.
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