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.
Head_and_shoulder
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.
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
BEMLBEML:- Head and shoulder pattern is formed wait for breakout till then keep your 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.
Crisil weekly trend analysisCrisil weekly trend analysis.
> Falling wedge breakout
> 7 months downtrend break on weekly timeframe. (From may 2022)
> Size of the pattern is 890 rs.
> Forming an Inverted H&S Which is bullish pattern.
> Entry break and trade above 3100.
> Potential targets 3223,3424,3626,3840.
> keep will be 7-10% below entry price.
> position size : 10-20% of the trading capital.
> max risk : 1-2% of trading capital.
> time : 1-6 months.
> Happy swing/positional trading.
Note: only for educational purpose, trade at your own risk.
Banknifty for Jan 12 expiryBanknifty has formed inverted Head & Shoulder in 15/30 min Time Frame.
I'll be entering long once the neckline is broken.
Entry: Any closing in 15/30 min above 42750
Target: 1st taget -- 43150; 2nd target -- 43500
SL: Any 15 min candle closing below42500
One can look for conservative entry at the retest of the neckline after breakout.
BANKNIFTY HEAD&SHOULDER PATTERN.#BANKNIFTY MADE HEAD&SHOULDER PATTERN.we should wait for break the level 42721 which resistance of HEAD&SHOULDER pattern.if the market break the 42721 zone then we can go for BUY (CALL). resistance = 42890,42977,43049.. If market wasn,t break tomorrow 42721 zone then we can go for PUT(PE) FIRST TARGET = 42428,42340.42241,41977.
Vindhya Telelinks LimitedVINDHYATEL:- If you see in the stock, head and shoulder pattern has been formed, the stock had also given a breakout, but the breakout failed, but the stock has closed above the resistance even once, if the stock sustains, then we can make a plan.
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.
UltraTech Cement - Retest of head and shoulder patternCurrently, UltraTech Cement is trading over its strong support zone, which previously served as a resistance area.
We can see that the price has come back to test the head and shoulders pattern's breakout & we can see Selling Volume is getting Exhausted.
On the chart, I have drawn a red trendline. Planning a buy trade is possible if trendline breakouts occur.
for volume analysis "Wave Volume Divergence" Indicator has been used.
My analysis is solely for study purpose; I am not a Sebi registered individual.
If my analysis proves useful to you, please like it and follow me on TradingView for more analysis like this.
Vadilal Industries LimitedVADILALIND:-The stock has formed a head and shoulders pattern and has also given a breakout. Weighing the retesting as the breakout candle is huge. The volumes are also being seen well. Keep your 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.
Linc LimitedLINC:- Stock has done upside move by forming head and shoulder pattern and may breakout as well but now it is back for retesting if it is found between 447 to 455 then we can plan to buy
#You can plan the trade as per your risk appetite now
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.
Rising Interest Rates - Problem for high debts companies. Tata Motors clear Head & Shoulder break down as we saw in Tesla so target for TELCO is around 300 levels & in Elliott Wave counts we are in Wave 1 of (C) which could take us till 365 levels before bouncing in Wave 2 of (C) which might result is retest of Neckline around 400 Levels.
Hold 4-5 Days and Gain 5%Inverse Head & Shoulder Pattern Breakout in CHAMBAL FERTILISER
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-6% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 307
Target Price 323
Note:- I am not SEBI Registered This Trade is only educational Purpose
ANURASANURAS:- Head and shoulders pattern has been formed, breakout has been given, but take care of the breakout candle, where it gives closing.
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.
JMC Projects (India) LimitedJMCPROJECT:- Head and shoulder pattern is formed, plan something only after the breakout, till then keep your 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.
Dynamic Cables LimitedDYCL:- Head and shoulder pattern is made and that too with good volumes. Keep your 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.
Short - Trend line Break & Neckline Break, Now at ResistanceIn past few days reliance has break both the trend line and neckline of head and shoulder, currently trading at resistance level 2580, there is high likelihood this will be rejected.
CMP - 2575
Target - 2540, 2510
Stoploss - 2610
Disclaimer
The above study is only for education and research
H&S pattern in HINDUNILVR ???!!!!Chart depicts the situation...
Strong DOJI candle on 9th december(day candle) with volume at perfect resistance level shows some sort of lag in bulls approach, which may leave space for bears to get back to go through a down swing move inside the triangular primary channel.(clearly seen in weekly time frame)
Now, coming to 2hr time frame,
1. Head and Shoulders pattern (right shoulder in progress..)
2. Entry can be after breakdown after the right shoulder.
3. Risky entry can be now....with a SL ON 2HR CANDLE CLOSING ABOVE 2721.
4. Target levels as mentioned in chart.
Let's wait and watch ...how it moves...!!!
Note- just sharing my view....not a tip nor advice!!!