EURCAD is trading close to the neckline of the head and shoulder pattern on the 4H chart. As soon as we get a single 4h close above the neckline, we enter a buy trade with stop loss at 1.45501 which is the approx depth of the shoulder. The up move in the pair is also supported by the daily candlestick pattern that formed a bullish engulfing pattern two days back....
USDJPY registered a breakout from the neckline of the inverted head and shoulder pattern on 4h chart. The prices are already close to achieving the first target of 107.274. A hold above this level, next target will be at 108.014. On the other hand, 106.497 and 106.115 are the support levels. Either of which can be the stop loss for the trade. So choose depending...
1. inverted HNS 2. bulls after retracement 3. good risk reward
Looks like Tata Elxsi making an Inverted Head And Shoulders Pattern on hourly chart. Looking for strong reversal after close above 64o-45 levels.
Inverted Head & Shoulder pattern observed in Maruti. Pattern is confirmed as price has broken above 6045. Pattern suggests a target of 6190. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and...
Seems like it has formed inverted head and shoulder pattern.
PNB had given breakout from the inverted H&S with high volumes. Target of the breakout was 112 but counter retraced from 100 and again cam back to 87 level. Counter should take support around 84 which is 38.2% retracement of entire rally from 58 to 100. After 84 , next support comes at 80-81 range which is also a support of neckline. As counter drifted down from...
Chart pattern:- Infy took 8 months to complete the Cup and Handle Formation. If you observe closely, it has formed intermediate Head and Shoulders especially in the Handle portion. Positive indications :- - Closed above the resistance - 760 levels. - RSI and MACD showing good strength. - Long buildups observed in this counter regularly Conclusion:- An increase...
Long Hindunilvr above 1713 Stop-loss Below 1692.50 Target 1795 ( Target Set as 1: 4 RR ) Other confluence. 1) Price Stopped at 50% Re. of Previous Swing. 2) ABC Correction - zig zag - Price Stopped at 1.272 Extension of Wave C 3) Inverted Head & Shoulder in Lower Time Frame of 60Min.
Inverted Head and Shoulder. Breakout is already given however Hrly candles not supportive. If it breaks this resistance then good profit.
See chart.
Seems to be bullish , expected to touch 80 level within 2-3 weeks.
Check chart for details, Disclaimer: Not responsible for your loss, consult your financial adviser before taking any positions
One Can Buy Nifty above Day High.... Below day Low this Pattern In validated
VOLTAS WAIT FOR NECKLINE BO.
SWING TRADE IN TECHM INVERTED HEAD AND SHOULDER PATTERN IN TECHM aAUGUST FUTURES BUY@693.5 STOP@685.5 TARGET@708.5 LOT:1200 QTY:1
FUT MAY TRADE LOOK IN THE CHART...