Pattern Identification on any Timeframe!
Importance of the Factor of Safety in Projected Target To avoid the Losses!
How to identify Patterns and Project the Target on the chart!
I have selected NVDA weekly chart for Technical Analysis. Here the Head and Shoulder pattern formed on the Top. We can see the previous trend of NVDA was an Uptrend so the...
What is Reverse head & shoulder ?
Ans:- The Reverse Head and Shoulders is a bullish reversal pattern that is formed in the stock market when an asset experiences a decline, followed by a moderate recovery, then another decline to a lower level, another recovery to near the original decline, and finally another decline to a level that is lower than the previous...
CIPLA is in the process of forming a Head and Shoulders pattern on the Daily chart. The left Shoulder and the Head are already complete we are possibly around the right Shoulder. If true, price can retrace to the baseline at 880.
Trading here can be risky as we are in the middle of pattern formation and it may be invalidated at any point above right Shoulder....
