Pennant
Bullish Pennant Pattern | IRCTC | Simple Trade Setup | NEXT WEEKNSE:IRCTC
After big gap-up in this week, it has been trading and making higher lows and lower highs. And it is forming a Bullish Pennant Pattern.
Fundamental
That Bullish move (big gap up )is mainly by the news of Stock Splits. On 12th Aug, board meeting is there in consideration for Stock Split.
Simple Trade Setup
Trade levels and Targets are mentioned on the chart. Hope it is easy to understand.
Do comment your doubt or suggestion.
NIFTY making a good patternAfter good rally upside nifty consolidated for two days now and making a pole and flag pattern which is same as of BANK NIFTY both were in a good move and the good rally continue after this structure is broken. Please comment down below what do you think about the next move of these index.
Godrejprop -- technical breakout Godrejprop : cmp 1433.75
Trade set up :
1. buy above 1450
2. keep stop loss as 1378 on closing basis
3. targets : 1576/1698+
4. shorter time frame of 1 to 2 months
Technical buy based on :
1. bullish flag & pole breakout pattern .
2. volume increase at breakout levels .
3. price resistance breakout .
Quess Corp - 10% opportunity in the next few daysQuess Corp has given a great move recently and is in tight consolidation
Expect a quick 10% in the coming days
Levels are mentioned in the chart
Also found is the flag and pennant pattern
If you found it useful, give a like and show your support. Happy Trading!
Regards,
Segan
KSCL : trade on breakout retest !KSCL : CMP 734
trade set up :
buy above 735
keeping stop loss as 670 on closing basis
targets : 820/1069
technical setup:
1.bullish flag and pole in weekly pattern
2.pennant
3.breakout re-test
note : stock has made multi year price breakout at 710 levels . made high 814+,
has retested the same price recently .
and again on the verge of flag pole /pennant breakout at price 734 to 736.
time frame 2 to 3 months























