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PENNANT FORMATION
Stock Radar: MCX breaks out from a Pennant formation; likely to surpass 7,000 levels; check target & stop lossMCX stock, part of the exchange data platform industry, has broken out from a Pennant formation, signaling potential for further upward mov...
Stock Radar: SBI Life breaks out from a Pennant formation on daily charts; what should investors do?SBI Life Insurance Company recently broke out from a Pennant formation, signaling a potential upward trend. Experts suggest short-term trad...
Trade Pick for Today: A large-cap NBFC stock for almost 5% gainTechnical analysis identifies select stocks that may gain momentum even in volatile markets. Picks by the technical charts today.
Stock Radar: 160% rally in a year! This aluminium stock hits a fresh record high in November; time to buy or book profits?National Aluminium Co. Ltd is expected to rise in the coming weeks. The stock broke out from a Pennant formation and hit a record high. Exp...
4-5% gains likely from this pharma stock and a chemical companyNifty opened on a negative note and slowly crawled inside the positive territory. It remained there at close.
Stock Radar: Tata Consumer gives a breakout from bullish Pennant formation; likely to top Rs 1000 level soonPennant is similar to a symmetrical triangle. They can be formed both in an uptrend or a downtrend. A Pennant pattern is a short-term conso...
Payment stock promises 8% and a software company 7%The Nifty was weak throughout the day. It stayed in a range and closed the day with a net loss.
Chart Check: 100% rally in a year! This private sector lender breaks out from a bullish Pennant pattern; time to buy?Short term traders can look to buy the stock now as the momentum is likely to continue which could take the stock to fresh 52-week highs of...
Stock Radar: UNO Minda sees breakout from a Pennant formation, may hit Rs 700 levels. Time to buy?The stock hit a fresh record high of Rs 660 on 17 August 2023 but failed to hold on to the momentum. It took support above the 200-DMA in M...
A cement player and a builder make the foundation for up to 8% gainsNifty had a weak day for most part. But it rebounded to close with a gain.
Chart Check: After over 100% rally from Aug 2022 lows, IDFC breaks out from Pennant formation; time to buy?The stock witnessed a strong bounce back after hitting a 52-week low of Rs 56.85 on 2nd August 2022. The stock closed at Rs 120 on 1st Augu...
A banking and a retail stock with potential to rise 12% and 4%On the last day of the trading week, the markets were again in a dull mood, opening in the red and closing with a loss. The Nifty was adrif...
Stock Radar: Why Federal Bank could touch fresh record highs in 1-2 monthsShort-term traders can look to buy the stock now or on dips for a possible target of Rs 160 in 1-2 months, suggest experts
Chart Check: After 30% in a month, should investors buy, sell or hold this smallcap stock?The recent price action helped the stock the breakout from a Pennant formation on the weekly charts. Pennant is similar to a symmetrical tr...
Buy Excel Industries, target price Rs 1410: ICICI DirectExcel Industries Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 1594.66 Crore) operating in Pestici...
Pennant and wedgesPennant is similar to a symmetrical triangle, with a few differences.
- Buy PFC for target of Rs 323: IIFL
IIFL has advised traders to buy PFC for target of Rs 323.