SAIL is on the verge of giving big monthly breakout from trendline. It is one of the few PSU stocks which have not shown rally in past couple of years. We can expect huge upside in this stock given the improved profitability and efficiency of the company. Definitely a must have stock in portfolio if interested to invest in metal sector. However, metal sector is...
Formed a head shoulder pattern. Expecting a good fall from here. I'm not trading this setup and neither i recommend others to trade on my views.
Ashok Leyland has formed inverted head & shoulder pattern. 10% upside is possible if breaks above trendline.
If you are a pattern breakout trader, you will definitely love this idea! Supriya life science has given a good breakout from inverted head and shoulders pattern and is looking strong for a reversal. Stock can test ATH levels soon and might give bigger targets in future. Stock should give weekly closing above 400 for confirmation. Safe traders must wait for...
BPCL long term trend is looking bullish. Fibo between the golden retracement plus it has rejected & reversed the head & shoulder pattern along with macd crossover. Above the 100 200 EMA. Cant ignore this price action, 15% upside clearly visible in 4-6 weeks time. Follow the below levels. Target1 611 Target2 628 Target3 647 Target4 666 Target5 688 Target6...
NSE:NAVINFLUOR Stock is likely to break out of an inverse head & shoulder pattern. Buy above 3265 rupees. Target 1 is 3300 rupees. Target 2 is 3400 rupees. Stoploss below 3030 rupees (One Day Candle Closed).
#NSE:FINEORG - (DAILY) CMP - 4451.45 TARGET - 4750, 4800 WEAK BELOW - 4320 ~Stock consolidating in parallel channel ~ Last day candle gave Inverse H&S breakout Disclaimer: This is not a buy, sell or Hold recommendation. It is only for educational purpose and learning technical analysis. Please do your own analysis and consult your financial advisor before...
In the Weekly Chart of GNFC , we can see that, it will soon be bullish. Also, it is leading towards inverted Head & Shoulder breakout. Expected momentums are shown in chart.
💎 Paradisers, #PEPE has broken out of its descending channel and formed an inverse head and shoulders pattern, presenting an opportunity for a small scalp trade. 💎If #PEPEUSDT breaks above the resistance level, we can expect a bullish move. However, my targets are modest due to the current market volatility. 💎In the event of a pullback, we can anticipate a...
Hindustan Copper has long consolidation pattern and now given good breckout with the volumes. Again it has my favourite pattern. Slanted inverted head & shoulders pattern. 260-265 will be good accumulation zone for this stock. It’s for long term investment or swing purpose. Target1 339 Target2 415 Target3 466 Target4 522 Target5 586 Target6 658 DISCALIMER: I...
CDSL has been in an amazing bull run since last 2 years because of the growing investment in Indian stock market. Stock has formed a beautiful inverted head and shoulders pattern near ATH. A breakout of the pattern will bring more bullishness in the stock. I would rather prefer adding on dips than having a close SL in such stocks.
Nifty 50 - Inverted Head and Shoulders Pattern with Fresh Buying Signals (as of 23-04-2024) This chart analysis highlights the emergence of an inverted head and shoulders pattern in the Nifty 50 index, indicating a potential bullish reversal. The pattern consists of three troughs, with the middle trough (the head) being lower than the two surrounding troughs...
Hindustan zinc has given big breakout of inverted head and shoulders pattern in monthly time frame. A monthly closing above 330 would confirm the same. This breakout is mainly because of the shooting zinc prices and growing war tensions. 350-370 is the best price to accumulate the stock. The volumes are also at multi year high. If you trust anil agrawal's vision...
Good volume buildup in daily timeframe. H&S pattern trendline line breakout with good volume. Enter only when the high gets broken and price sustaining above the high. NOTE: i do my analysis, do your before trade.
Solara is a loss making pharma company which has been consolidating in a tight range from last couple of years. If stock sustains above 500, we might see quick movement like the one we saw in Wockhardt & SPARC. Company doesn't have good fundamentals, so keep it as a trading position and less amount if you want to.
Nifty after the upmove formed a continuation H & S but the breakout did not succeed and settled in a expanding triangle. Likely to be in sideways for a while. Range trading is wht we need to do now
Nifty IT index (CNXIT): it has recently experienced a breakout to the downside from a head and shoulders pattern, indicating potential bearish momentum. This pattern typically signifies a reversal of the previous uptrend, suggesting a possible downturn in the IT sector. Traders may consider adjusting their strategies to account for the increased likelihood of...
REPCO Showing good strength in Daily tf and also showing good structure in lower tf (2h). Made an Inverse Head & Shoulder pattern. Tgt range should be 500 if market situation remains in bull's favour. Stop loss should be shoulders low around 430.