Triveni Turbines | Pole and flag pattern | Latest stock market news
(3 minutes read)

Stock name: Triveni Turbines

Pattern: Pole and flag pattern

Time frame: Daily

Observation:

The stock has created a pole and flag pattern. This pattern indicates a primary trend, a consolidation and then resumption of the primary trend.

As per technical analysis, once the stock breaks out of such a pattern, it usually travels distance equal to the size of the pole.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

News for the day:

1) Honda Elevate SUV unveiled in India

2) NSE today announced that it will shift the F&O expiry of Nifty Bank to Friday from Thursday. The new rule comes into effect from 14 July 2023.

3) The IPO of IKIO Lighting, an integrated player providing original design manufacture services in the LED lighting segment, opened for subscription today and will be available for public subscription till 8 June. We have written a blog on the same: https://www.rachanaranade.com/blog/IKIO-LIGHTING-LIMITED-IPO-ANALYSIS