THis is not convincing Head and Shoulder pattern.
Volume is not convincing at the peak of heads !!
Long term trend is down !!
You could enter at the given level with Week hold in mind .
Take profit 1 can hit as INTRADAY and if you could hold longer TP2 will also hit.
Keep in mind, Stock is not trendy as much trending sideways.
Disclaimer : not an ...
Buy Entry 200 - 205
Stop loss 168
Minimum Price Target 248
Risk to Reward 1 : 1.50
24% Up Side potential.
The Recent move is supported by Higher Volumes. (Trading volume can help an investor identify momentum in a stock and confirm a trend. If trading volume increases, prices generally move in the same direction.)
after a long down trend jindal stainless is attempting to reverse the trend , on its previous two attempts in the near term it has failed but this time it has shown a strong bullish sign with a hammer candle following with the confirmation gap up bullish long candle , time to go for LONG in this stock
it also tries to form a head and shoulder pattern with the ...
The DXY index is trading in a tight range for the past few days.
It is in the process of forming a potential head and shoulder pattern.
Also trading around a strong trendline and multiple support zone based on price action.
Market is awaiting cues to make a major move on either side.
Hence, wait for our updates to instigate a perfect trade.
We are looking at the developing Reverse Head and Shoulder pattern.
Never take a position on a half-completed pattern.
Only when it crosses $640 and corrects back to ~$640 levels can we look at a target of $730
A very small timeframe call on ETH on 1 hour timeframe.
We may be looking att he development of a H&S pattern. Though I am bearish on ETH at the time being but price seems to hold well. It is continuously getting tested at $625. As with any H&S pattern wait for the completion of the Right Shoulder. we would see price breaching $625 and then a retest which would ...
The stock was in downtrend and making lower low since last 2 years. It is showing sign of reversal now and formed classical inverted Head and Shoulder pattern. It has broken the neckline significantly and also short term trend line. One can conclude that that it wants to go up now. Recent budget reaction provides an opportunity to accumulate the stock for ...