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Head_and_shoulder

Vedanta At Breakout ?Vedanta's stock may be reversing its downtrend and starting an uptrend. Technical analysis shows a potential reversal head and shoulders pattern forming in the stock chart. This pattern signals a possible trend reversal when a stock is in a downtrend. It consists of three peaks, with the middle peak being the highest and the other two being lower and roughly equal in height. The pattern is completed when the price breaks above the neckline. Vedanta's stock chart shows a formation that resembles the reversal head and shoulders pattern. If the pattern is confirmed and the price breaks above the neckline, it could signal the start of an uptrend.
NSE:VEDLLong
by mmandeepkumar2001
3
Reliance - Looking week Reliance Stock analysis report. Reliance has formed Head and shoulder on Two years trend (around 2400 levels). Resulting in downtrend and showing signs or testing 1800 Levels. While Having this in mind It has also formed Head and shoulder (Smaller one) supporting bigger one. Target 1 - 2200 has been met and now sideways around this level. Further breakdown will take it down to 2160 levels... Post 2160, stock can be analysed about retesting 1800 levels.
NSE:RELIANCEShort
by shashidhara25
Godrej Properties -SELL Technically it is forming a lower high lower low structure which indicates that the stock is in downtrend and with this it is also facing a downward resistance trendline and this can be seen when the inverse head and shoulder formation was formed and it failed to break through the trendline and thus eventually created a false breakout. Thereafter we can see an inverted flag forming and achieving its target. Now it is forming a descending triangle pattern on daily chart and a head and shoulder on the weekly time frame both indicating downwards movement within this period. Thus taking a short positions is more favorable than long ones due their higher probability rate for success here according to these indicators with the 14 day RSI confirming the trend. A sell position can be taken with a daily closing below 1130 with a Sl of 1160 and a downside target of 1100 and 1070. Confirmation from other tools like Fibonacci Retracement levels & 14-day RSI provide additional support towards my assessment being correct; suggesting further confirmation before executing the trade
NSE:GODREJPROPShort
by vedgawkar
PVR: HEAD AND SHOULDERAfter breaching the all time high of 2086 formed on Feb'2020, stock is correcting lower in a Complex-Corrective-Wave - WXY structure. Stock is already concluded its Wave-X at the high of 1925 and currently unfolding into Wave-Y of which wave-b is taking a formation of a Bearish Triangle . The measured target where Wave-W becomes equal to Wave-X is coming in the region of 1420. As per the conventional chart pattern stock is also forming a Head and shoulder pattern whose neckline is in the region of 1620-1590. A breakout below the neckline should add more credence to the pattern. The measured target for the pattern is coming in the region of 1200. Stock is also trading below its 200 EMA and currently facing a resistance on the upper boundary of the parallel channel drawn from the Aug'22 high of 2214 and connecting the Dec'22 high of 1925. Trading strategy: Sell 1655-1660 keeping SL of 1770 look for the downside targets of : Tgt1: 1440-1420 Tgt2: 1350 Tgt3: 1245
PShort
by TradingSutra
6
ASIANPAINT IN BEARS BRUSH ???!!!Chart does insist me the above titled opinion Reasons In Monthly timeframe, Asian paints looks like, is in formation of a DOUBLE TOP!!! ( Making HIGH(Jan 2022)and LOWER HIGH(Sep 2022) respectively) (shown as image attached in the chart) 1. Asian paints has been travelling in Ascending channel pattern(red and green) taking support at respective levels from 2019. 2. Now currently its is in the down swing in a descending channel(white trendlines). 3. January 2023 Monthly candle - going to be the decider for further move.(if it closes below 2900- we can confirm the bearishness further) 4. In daily time frame, it has formed a Head & Shoulders pattern and given BREAKDOWN!!! 5. By H&S pattern, Target gets to about 200 points(to 2850 level). 6. Green line down near 2900 is acting as support from 2020. 7. DOUBLE TOP (Monthly timeframe) will mostly likely be confirmed if the Green line gets broken. 8. Let's wait and watch whether the monthly candle breaks the green line or not!!! Asian paints is one of the stocks which has not reached the 52 week high (during recent rally of market)!!! Take SL as day candle closing out of the white channel.(3090) & Keep Trailing the SL!! 1st Target - 2900, will update once it reaches this target. If the Double top works as it does, Asian paints can see 2250 level soon. Even if we don't trade now, It is better if we don't make any long term investment on Asian paints as of now.(as it is bearish) Let's wait and watch how it moves!!! What this is going to teach us!!! Note : Just sharing my view.....Not a Tip nor Advice!!!
NSE:ASIANPAINTShort
by mmjimm
11
Nifty - Rounding Pattern with Inverted head and shoulderNifty has recently tested the Budget Day (1st February) Low. RSI is heading towards north and ready to break the previous high. It shows the strength is bullish. Nifty has bounced from budget day low with strong base forming bullish chart pattern called Inverted Head and Shoulder. Nifty is at important level forming a rounding pattern and pattern will activate when it pierce the 17800. We believe in short term Nifty will tend towards 18200. Buy Nifty above 17800 Spot Market Add on Dip 17650 Stop Loss below 17600 Target 18000 and 18200
NSE:NIFTYLong
by Arvind_Share_Academy
CUMMINSINDCUMMINSIND:- The stock has formed a head and shoulder pattern on the daily chart, keep an eye Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:CUMMINSINDLong
by AjayDhakad_Keep_it_simple
GUJALKALIGUJALKALI:- Head and shoulder has formed wait for the breakout till then keep your eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:GUJALKALILong
by AjayDhakad_Keep_it_simple
The Anup Engineering LimitedANUP:- The stock has given a breakout by forming a head and shoulders pattern and is back for retesting, keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:ANUPLong
by AjayDhakad_Keep_it_simple
KABRAEXTRU - Retest of head and shoulders pattern's breakoutKABRA EXTRUSIONTEC is currently trading above the zone that previously served as a solid support zone. On the current timeframe and higher timeframes, the stock is trading above the 50EMA and 200EMA, indicating a positive trend. We can see that the price has returned to test the head and shoulders pattern's breakout, and we can also see that the selling volume is becoming exhausted. The "Wave Volume Divergence" Indicator was used to analyse the volume. The overall analysis indicates high probability buying opportunity, which is a low risk and high reward. I am not a SEBI registered individual; my analysis is only for educational purposes. If you find my analysis helpful, I'd appreciate it if you could like it and follow me on TradingView for more analysis like this.
NSE:KABRAEXTRULong
by AfnanTAjuddin
1