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Bullish Pennant

Buy ITC aggressively CMP 492, Target-580 within a month.Technically we see a formation and breakout of Bullish Pennant chart pattern. Also we can confirm its strength from being continuously above all the short term averages even in market downside. ITC is a star performer and our last buy call at the bottom price of 425 worked very well. At higher levels also, surprisingly again it is in buy radar after formation and breakout of a beautiful chart pattern. Last month Quant Mutual Fund bought ITC shares worth 3,669 crores. This is a big plus news as Quant MF are trending in MF industry due to their good buying decision and consistently outperforming the market benchmark returns. All the big institutions and Brokerage house already gave the target of 550 plus and technically it is confirming the same. We feel that still there is a lot of value unlocking left in this counter due to their multiple businesses working so well as compared to the peers in the respective industry and still it is just valued majorly on based of Tobacco business. Demerger going ahead is the key to value unlocking and this share can quote even value of 750-800 soon and this is not hypothetical figure but based on real possible valuation in near term as well. So, buy this stock aggressively and you might think that the stock in last month already gone up and you might wait for the dips which might cost you a good opportunity as the big hand may not give you the dips unless there is a big fall in nifty itself. With regards to Nifty, it can give strong positive contribution to nifty movement and support nifty if other nifty stocks correct.
NSE:ITCLong
by PrashantDahale
|| HBARUSD || BREAKOUT PATTERN INCOMING!Current market sentiment has been fairly bullish resulting in a great week for the top 10 crypto assets, however, we are still to see a snowball effect onto assets outside of the T10. Today I shall be discussing my perspective on the current Hbar market structure and why I feel it will be caught by the snowball to come. At the time of writing this report, Hedera is sitting at 0.0737, which is also a strong level of resistance depicted by the fib retracement I have placed (38.2%) Patterns: Let me start off with the defending bullish pennant we are currently in. This pattern although a good confluence alone, has been suppressed by the fib retracement 50% ($0.0720) which has in turn created a double bottom suppression breakout formation. Both the pennant and double bottom patterns have targets set at 0.080, however, there is a level of resistance as my conservative target at 0.0785-93. I expect price to break to the baseline of my DB formation at 0.0756 before completing the pennant formation by converting the pattern resistance into support before continuing. this action will add confluence to my projections. Slightly bearish yet healthy alternative would be if price was to fall below 0.0720 (50% fib) to the golden ratio set at 0.0703-698. This movement would of course void the existing double bottom, however, would add additional confluence in the bullish pennant narrative. Price range to watch over in the following days are between 0.0756 (resistance + baseline of DB) and 0.0720. A break from either levels will result in a fairly impulsive move to our conservative target (0.0785-93) or to our golden ratio (0.0703-698) Thank you for your interest in my report. I truly hope you were able to receive some informative insights on the current Hbar market that is able to aid your pre-existing perspective on the Hbar price structure. THIS IS NOT FINANCIAL ADVICE!
Long
by Crisp_Flow
3
SOL ANALYSIS🚀#SOL Analysis : 🔮#SOL is making bullish pennant pattern on the weekly timeframe💁‍♂️ The breakout of the bullish pennant pattern suggests a potential bullish move📈 Expect a bullish wave of around 30% in the coming weeks 🔰Current Price:  $156.50 🎯 Target Price:   $203.45 ⚡️What to do ? 👀Keep an eye on #SOL price action. We can trade according to the chart and make some profits⚡️⚡️ #SOL  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
1
CAN SOLANA HIT $1000 IN THIS BULL RUN!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be much appreciated! Why SOLANA can hit $1000 in this bull run? Many analysts are optimistic about SOL's potential in the current market cycle. Here's a look at some factors to consider: Technical Analysis (T.A.) Bull Pennant (Possible): The 2-day timeframe suggests a potential bull pennant pattern. A clean breakout above the upper trendline could signal a significant price increase. However, confirmation is needed. Fundamental Analysis (F.A.) ETF Race: The recent filing for SOL ETFs could attract institutional investment, potentially boosting demand. Buy some SOL now and add more in the dip. The strong buy zone is in the $115-$125 range. What are your thoughts on SOL's current price action? Do you see a bullish pattern? Share your analysis in the comments below! Thanks!
Long
by CoreCrypto1
3
TRX ANALYSIS🚀#TRX Analysis : 🔮#TRX has broken out of a symmetrical triangle pattern on the 3D timeframe💁‍♂️ The breakout of the bullish pennant pattern suggests a potential bullish move📈 Expect a bullish wave of around 15% in the coming weeks 🔰Current Price:  $0.12300 🎯 Target Price:   $0.14100 ⚡️What to do ? 👀Keep an eye on #TRX price action. We can trade according to the chart and make some profits⚡️⚡️ #TRX  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
I Cannot Short This !!! situation+next targets.BINANCE:JASMYUSDT broke out the bull Pennant on 3D timeframe Up we go📈 Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3
$FTM Bull Case - Multiple TargetsBINANCE:FTMUSDT is looking quite bullish, with a very clean chart and well respected Fibonacci retracement levels. The support is sitting right at 61.8% of the last leg up. (Common reversal level) I think the chart is open to multiple interpretations, each with a different target: Descending Triangle : $1 Also a key psychological level and a previous resistance. Bull Pennant : $1.15 Previous resistance and close to the top from last March. Elliott Wave W3 : $1.3 or $1.62 If $0.76 is the local bottom, it would be a perfect Wave 2 end (61.8% of Wave 1). According to Elliott Wave theory, the Wave 3 target would be either $1.3 (161.8% of W1) or $1.62 (261.8% of W1). $1.3 is also a key support from 2021/2022. $1.62 is also a resistance from 2022. My strategy for this will be: Open a long position after a break above the resistance trendline, with a wide SL Take partial profits at each target Starting from $1.15, move my SL up below the previous target Not Financial Advice
FLong
by AliferCrypto
JASMY: Potential Bullish Pennant Breakout!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. JASMY is currently testing the top of a potential bull pennant pattern on the daily timeframe. A confirmed breakout could signal further bullish momentum. Buy some now and add more in the dip. What to Watch For: Confirmation of Breakout: A daily close above the resistance level of the pennant strengthens the bullish case. Volume: Higher trading volume on the breakout can increase confidence in the signal. Possible Entry & Targets (for educational purposes only): Entry: $0.021-$0.024 Potential Targets: 300-400% Stop-Loss: $0.018 (Consider setting a stop-loss based on your risk tolerance strategy) Let's Discuss! What are your thoughts on JASMY's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
1
BNB: Potential Bull Pennant Breakout!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. BNB recently completed a formation resembling a bull pennant pattern on the daily timeframe. The price has broken out of this pattern and is currently retesting the breakout zone. If it holds this retest level, it could signal further bullish momentum for BNB. Buy some now and add more in the dip. Entry range:- $560-$600 Targets:- $712/$834/$986/$1194 SL:- Daily close below $530 Let's Discuss! What are your thoughts on BNB's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
This is the real question to ask now.There are two scenarios. 1- Bull pennant 2- Bull flag Write in the comments which one do you think? - If it is a bull flag, there is a possibility to drop to $2800. In a different analysis I shared yesterday, I gave the target of $2800. Please check it. - If it is a bull pennant. Yesterday we had a bear trap and now retesting the breakout. In both scenarios, I think we have beautiful days in front of us after Bitcoin halving. * What i share here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you may lose all your money.
by traderisso
1
Buy AUD/USD Bullish PennantThe AUD/USD pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a well-defined bullish pennant pattern. This breakout suggests a continuation of the prior uptrend and a higher likelihood of further gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of the pennant, ideally around 0.6630 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bullish targets lie at the following points, based on the pennant and recent price movement: 0.6694: This target is obtained by measuring the height of the flagpole (initial uptrend before the pennant) and adding that distance to the breakout price. 0.6734: This is a further extension of the upside target, based on roughly twice the height of the flagpole. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the pennant, ideally around 0.6600. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you.
Long
by KABHI_TA_TRADING
3