Poleandflag
#BSE making pole n flag pattern, above 2934 fatega kya?#BSE CMP 2768, broke out on 1st April 2024 and since then has been consolidating in a small range of 2900-2700 and has made pole n flag structure along with an inside candle pattern.
Breakout above 2894 can take it towards 2971/3005(imp level)/3093/3256/3435/3529/3663(imp level). Below 2529 it will become weak.
JSW Steel ready for major breakout 🚀JSW Steel getting ready for major breakout :
Why you consider it as a Quality Trade
1. Price @ All time high
2. Time frame : weekly & monthly
3. Pattern : Pole & Flag
4. Structure : Super Bullish
5. Positional Trade for almost a year
Take Cautions before take entry 🚫 :
1. Wait for price to close above ₹792 in weekly time frame
2. Calculate your proper Risk Management
3. This my analysis not suggestion
BAJAJELECBajajelec has formed three patterns on chart; Cup n Handle, pole n flag & Bullish flag pennant.
Unfortunately it dint breakout of any of these patterns, so cannot be recommended to buy now.
But if breaks above 1320 then its a breakout in all these pattern & then it could be bought with stop-loss of 1275 & technically targets are unbelievable as per patterns which is 1600+
BANK NIFTY is an Trending ViewNSE:BANKNIFTY
> In Daily Time Frame there is an major Trend Line to to Break to change TREND, and there it acts as Resistance.
> According to me there is an TRENDING VIEW IN NIFTY BANK (BULLISH OR BEARISH SIDE).
>In 1hr TF it forming a lite Ascending Triangle / Bearish pole and Flag Pattern.
> 1). BULLISH view if NIFTY BANK opens GAP UP, Immediate Support is 32800.
And the Resistance is 33259 ( FRIDAY DAY HIGH)
Supply Zone= 33340-33450.
> 2). BEARISH View if NIFTY BANK opens GAP DOWN immediate support is 32655 and it breaks it can take major Support 32210.
Demand Zone= 32258-32132
Here Friday low acts as Resistance.
🚫🚫🚫Please don't take it as Serious to take Trade, this only MY VIEW to explain.
This is only for Educational purposes only...
Thanks ☺️...