intraday, swing, short termFundamentally earnings also good
dividend also provided
for long term investment
reffer my old analysis attached below
Head_and_shoulder
Head & Shoulder Pattern in GoldCheck levels as per marking on Chart, Gold has short condition as per our analysis for the target of 54000.
intraday H&S Pattern avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
CIGNITITECCIGNITITEC:- Head and shoulder pattern has formed on the weekly chart, 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.
ADANI WILMARNSE:AWL is a one of the company of Adani group with below average fundamental but with the good business model.
currently, on the daily chart frame the company has made a vivid head and shoulder pattern. and also it consist of many gaps in the past.
so fresh investors should avoid this company and wait for the good valuations. and it has sell target of 472.
ACEACE:- Stock has given breakout by forming head and shoulders pattern, 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.
Trading Reverse Head & Shoulder PatternWhat 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 decline. The pattern is considered complete when the price rises above the neckline, which is the line connecting the highs of the two recoveries.
The pattern is named after its visual appearance, which resembles the human head and shoulders, but in reverse. The three troughs form the shoulders and the head, while the neckline serves as the confirmation point for a reversal. The height of the pattern can be used to estimate the potential upside for the asset once the reversal is confirmed.
The Reverse Head and Shoulders pattern is often seen as a positive sign for the market, indicating a potential end to the downtrend and a shift towards upward momentum. However, it is important to consider other factors such as market sentiment before making a trade based on this pattern.
Now how to trade Reverse Head & shoulder pattern?
Ans:- To trade this pattern we should follow:-
Identifying the pattern: To trade the Reverse Head and Shoulders pattern, you first need to identify it on a stock chart. Look for three troughs followed by a neckline that connects the highs of the two recoveries.
Confirming the pattern: Once the pattern is identified, you need to confirm it by waiting for the price to rise above the neckline. This is considered the confirmation point and signals the start of a potential upward trend.
Setting a target price: The height of the pattern can be used to estimate the potential upside for the asset. Measure the distance between the neckline and the lowest trough and add it to the neckline to determine a target price.
Placing a trade: Once the pattern is confirmed and the target price is set, you can place a long (buy) trade. It is recommended to use a stop loss order to protect your trade in case the pattern does not play out as expected.
Monitoring the trade: After placing the trade, it is important to monitor the stock price and adjust your stop loss if necessary. Close the trade once the target price is reached or if the stock price drops below the neckline, indicating a potential reversal.
It is important to keep in mind that no single pattern or indicator can guarantee success in the stock market. It is also recommended to consider other factors such as market sentiment and technical indicators before making a trade based on the Reverse Head and Shoulders pattern.
Pros:
Sign of a potential trend reversal: The Reverse Head and Shoulders pattern is often seen as a positive sign for the market, indicating a potential end to the downtrend and a shift towards upward momentum.
Estimation of potential upside: The height of the pattern can be used to estimate the potential upside for the asset, allowing traders to set realistic targets and determine their risk-reward ratio.
Relatively easy to identify: The Reverse Head and Shoulders pattern is relatively easy to identify and does not require complex analysis, making it accessible to traders of all levels.
Con:
No guarantee of success: No single pattern or indicator can guarantee success in the stock market, and the Reverse Head and Shoulders pattern is no exception. The pattern can be disrupted by external factors such as market sentiment, economic data releases, and geopolitical events.
False signals: The pattern is not always reliable, and false signals can occur if the price does not rise above the neckline or if the trend does not continue as expected.
Need for confirmation: The pattern is not considered complete until the price rises above the neckline, and traders must wait for this confirmation point before entering a trade. This can lead to missed opportunities or increased risk if the pattern does not play out as expected.
In conclusion, The Reverse Head and Shoulders pattern is a bullish reversal pattern in the stock market that is formed by a series of declines and recoveries and, but it should not be relied upon exclusively. It is important to consider other factors and to always manage risk when trading based on this pattern.
HDFCBANK Head & ShouldersHDFCBANK has formed head & shoulders pattern on the Daily chart with 1590 as the base. The stock has broken down from 1590 base on 10 Jan.
If the breakdown continues, we can go short with the measured move target of 1508.
NIFTY Ready for a Down Swing move ??!!!Chart pattern insist me the above titled opinion
REASONS
1. NIFTY has been trading inside a Descending channel pattern creating lower highs and lower lows
2. Right now, it is at the resistance level(top of descending channel)
3. Day close above 18260 will pave way for the bulls
4. Safe SL can be Day candle closing out of the Descending channel
5. Target levels mentioned @ chart
6. In hourly time frame , Head & Shoulders pattern is evolving(right shoulder in formation)
7. Better to enter after the H&S BREAKDOWN!!!( BELOW THE BLUE TREND LINE)(ATTACHED BELOW)
8. In addition to the above stated , BEARISH HARAMI(JAN 18 AND 19 DAY CANDLES COMBINED ) adds more to the PROBABLITY OF DOWBN MOVE!!!!!
Bank Nifty too travelling in a similar descending pattern (shown below)
Let's wait & watch how it moves!!!!
Banknifty has doble head & shoulders kind of pattern - 23-1-2023Note: Always try to find a good #price action patterns or any #candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for #Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #Banknifty
Kabra Extrusion Technik LimitedKABRAEXTRU:- Head and shoulder pattern has formed on the daily chart, 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.
Tata. Steel on verge of breakout after long consolidation ?NSE:TATASTEEL is trading above 954 which is a signal for bullish breakout of head and shoulder pattern. According to chart patterns this scrip will result in a target of 1235. Long positions can be initiated for short to medium term. BTW today it will declare results too.
- Strong demand
- Growth in overall segment
- potential and record earnings
- Stock split next week
The idea shared is for educational purpose only.
Tejas Network Ltd, ( HnS Pattern )Tejas Network :- head n shoulder pattern.
Entry : CMP
Trgt : 465
SL : 615
HDFCAMC.....Head & shoulder pattern breakdownIt's my personal view.
This is for educational purpose Only.
This is not buying or selling recommendations.
I am not sebi registered.
Please consult your financial advisor before taking any trade.
Thankyou.
THE ANUP ENGINEERING1) Strong weekly candle close.
2) Expect another 15 to 25% rally in upcoming weeks.
3) We can wait for the retracement next week and then take an entry If it seems to be risky.
SCHNEIDERSCHNEIDER:- The stock has also given a breakout by forming a head and shoulders pattern and has come for retesting, keep an eye on it
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.
TATACOMMTATACOMM:- 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.
IDFC - Inverted Head & ShoulderPrice is breaking out of inverted head and shoulder pattern.
100 is the target in coming days.
Cheers,
priceNpedia
COFORGECOFORGE:- Head and shoulder pattern is formed wait for breakout
"Also take trade with strict stop loss as all companies results are coming now volatility is very high"
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.
REC Forming Inverse Head and Shoulder Pattern, Will it work.?It has always been interesting to see a dividend paying stock at its crucial long term resistance zones. Big people do not consider it a worth "buy" at higher levels.
But why?
- Dividend paying stock are not for growth, as major chunk of company's profit goes into dividend payout.
- Dividend yield, which become lesser and lesser at higher levels. So why would one invest in a stock which is not likely to grow much and the dividend he is receiving is far lesser than Fix Deposits.
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Now it a clash of technical analysis and fundamental analysis.
Technical Analysis says buy strength, go with trend buy above resistance level.
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On other hand fundamental analysis consider company's cash flow, valuations and expected future growth.
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Every time I see market it teaches me a new thing a new lesson some are sweet some are bitter. I am open to new ideas and not rigid on past experience and saying. In TA we believe that history repeat itself but believe me if you closely observe enough, you will see every event in itself it is completely unique.
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Hope you enjoyed this post thanks for reading.
Asian Paints AnalysisHead and shoulders pattern observed in asian paints
if breakdown is confirmed with volume
then target is 2830
ULTRACEMCO - Swing Trade + Head & Shoulder patternThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
