A couple of weeks back I shared this idea about Head & Shoulder pattern breakout in L&T on a weekly/ daily time frame. The breakout is now confirmed weekly as well. Ride it. All the best!
Breakout with volume confirmation, Levels self-explanatory!
Buy at - 33.80 SL - 31.80 TGT - 36.80 Hold for 7-10 days
stock given a good breakout and now after a healthy retest it is ready to fly off !!! high conviction trade. comment your doubts :)
Deepak Nitrate, Taking support from previous resistance, Bullish flag and pole pattern, 50EMA support, Rsi cooled, Sellers vanishing(MACD), Good RR ratio, Chemical sector in Monsoon, Best fundamentals after AlkylAmines in chemicals, Buy for swing/long when it breakes trendline with volume. Thanks.
REDINGTON : for positional For Educational purpose.
Stock has completed its pattern formation phase and now has given a clear and comfortable breakout over the levels 30, position can be made with the respective stop-loss for the mentioned targets.
Stock hit the upper circuit today which was above the previous high which confirms it's breakout. Position can be made for some good amount of money with the stop-loss and targets mentioned on charts.
Completely respecting the Trend line HeroMoto is a buy 3 White Soldiers on 1hr TF with Confirmation Target 3100 Stop Loss 2870 on Closing basis
Cup & Handle Formation on Aditya Birla Capt. Trend Line of Breaks & its Confirmation is also seen. No Volume seen @ 16th July justifying Fake Upward Trend. Overall Short the Share. Its My own Analysis, & Not Recommending it to anybody to Short.
A move below 591 before the neckline breakout will negate the pattern. Pattern will be in action above the neckline. I Will be looking for breakout: pullback-retest-reversal (PRR) type entry..see post below to read on trading confirmations. Also see.. For targets, one can try traditional as well as contemporary approaches..see post below on H&S...
Notes on the chart. Hit like if this information is useful. Trade Safe, Be healthy. Regards Bravetotrade