DCB Bank is forming pattern inside pattern i.e Head & Shoulder and Rectangle Pattern. This idea is for education purpose only. dyor
Tata Motors showing Head and Shoulder Patter on 30 Mins Chart. Break below 120, should reach to target of 115, 110, 105.
It is on the verge of an Inverse Head & Shoulder Breakout at 445. It could rise till 475-490 (with minor resistance at 455-460 - island reversal zone) as long as it does not breach 435
IDFCFIRSTB is forming Inverse Head And Shoulders. Wait for the breakout and confirmation This idea is for education purpose only.
There is a potential Inverted Head and Shoulder pattern forming on ESCORTS. Trade is possible if the prices breach the Neckline and close.
1. spotted head and shoulder 2. draw your neckline 3. enter on breakout of the neckline 4. incase you missed, re enter on the retest of the neckline 5. draw your target 6. book profits near the target
if a stock fails to break it swing high in an uptrend or swing low in the downtrend then there are higher probabilities that it will reverse.
Currently, after completing its inverse head and shoulders pattern, NSE:COROMANDEL is testing the previous supply turned demand zone. If this zone provides required support, then it can potentially reach 800 levels.
It is quite evident, that if NSE:RELIANCE clears the over head supply zone then it can potentially reach 2120 levels.
NSE:CEATLTD An head and shoulders pattern found in CEATLTD chart in months time frame. So one could expect a fall in the next few months time Disclaimer: This analysis is for educational purposes only
global index reading curiosiym a dual bottom formation ideallly shall take place
Kindly comment " Should I write discripation of this pattern or NO ?"
I am bullish on all the scripts from metal index. Sail ,Jindal steel,JSW steel,tata steel. All are trading above its weekly neck line which will act as good support for all.