Torrent head n shoulder #torrentpharma
#torrent
Looks good to go long.
Breakout from inv H&S pattern
Keep sl of 1545, around 6%
#vr
Head_and_shoulder
BAJAJ_FINANCE_LTD_H&S_BearishBajaj Finance Ltd looks like a head-and-shoulders formation. If the price break the neckline and sustains below the 7000 level , the pattern is activated. Look for a upcoming target of 6400.
RELIANCE_INDS_H&S_BearishReliance Industries looks like a head-and-shoulders formation. If the price breakout the neckline & sustains below the 2600 , the pattern will be activated. See downside upcoming target 2440.
BANKINDIA - Huge Volume Breakout- Bullish H&S pattern - Swing The 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.
tata powerTata power looking Bearish in Big time frame in 1week candel there form Head & Shoulder Sell bellow 200.
Inverse head and shouldersNestle seems ready for a breakout after posting stellar results for q2 fy 2022. targets are mentioned on chart
Reliance at a crucial levelBroken long tern trendline, can it regain it?
Will reliance take support on the neckline or break it?
RSI on hourly chart shows positive divergence
I think it will bounce from here or will it take nifty to lower levels along with it.
Can be weak after a close below 2285
Stay tuned
Hindzinc long (13 Oct)Hindzinc long (13 Oct)
RSI- 57
Inverse Head & Shoulders pattern
Buy at CMP - 289
SL- 278
Target- 335, 350, 370
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Charts and views are only for educational purpose.
IOC H&S breakdownD TF -
Head and shoulders pattern on a falling neckline
Ichimoku cloud - Bear
RMO -bear
RSI - bearish
Once price breaks down -
It will likely to take resistance at 58-55 - half of the height of the head
Unlike to reach 46 area.
At 55, dividend yield will become around 18%, which makes it lucrative for 5-6 yrs holding period.
Head and Shoulder formation on daily timeframe.M&M is in showing formation of H&S formation on daily timeframe.
Target on lower side is 1150.
IRCTC: Looks Bullish, Head & Shoulder!NSE:IRCTC looks Bullish.
All the Stocks in this Railway Sector have picked up significant momentum & have given a breakout/ near a significant breakout level.
These Stocks include:
NSE:IRCON
NSE:RVNL
NSE:IRFC
NSE:RAILTEL
Volume Profile looks good!
Have mentioned Entry, Exit & StopLoss on the Chart.
All the best. Manage your risk wisely!
STARHEALTH - Head & Shoulder in Making - Swing TradeThe 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.
btc update we have closed the bearish trade as price got to our projected target of 18950-20
now that price showed a fake breakdown and closed within the range of channel
seems like btc forming inverted head and shoulder
trade setup
buy above 19325
stop loss below the right shoulder (not exactly stated as price still below the buy price )
target 19750 - 19800
CMSINFO - Bullish H&S breakout - Swing TradeThe 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.
Head & ShoulderNSE:APARINDS
The stock is at top & making a pattern HEAD & SHOULDER
If it breaks down we can short this stock.
POEL Monthly tf ultra bullish structurePOEL Monthly tf ultra bullish structure
inverted head and shoulder breakout done can look for tp of 148-150
disclaimer : only for educational and learning purpose
Nifty-50 will correct up to 17000 soon NIFTY form H&S pattern on weekly chart. It's neck line is placed at near 17520.
On daily Chart negative Divergence also seen.
if nifty close below 17520 on weekly basis. it will show more correction up to 500-1000 points after that.
Ambuja Cement giving a break down of Head and Shoulder.The stock has given a nice break down of the Head and shoulder pattern.
The markets are in the negative and the stock has given 40% (approx) returns in 30-35 days time.
Stock has broken the neck line of the of the pattern and closed below it.
The stock has closed below its 50% Fibonnaci levels.
Wait for the stock to retest the price level of the neck line and watch for the price action near the levels for shorting the stock.
The targets and Stop loss are mentioned in the chart.
An intraday and swing trade can be initiated in the stock.
Wait and watch the candlestick pattern for carrying on the trade.
GAIL: Head and shoulder THEORY:
This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head.
The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below.
The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline.
May 29
TRADING STRATEGY: GO SHORT WITH SL OF 99 & LOOK FOR THE TARGET OF 73/63 IN THE COMING WEEKS.
NOTE: IF THE STOCK BREAKS THE RESISTANCE OF 99 THEN IT WILL BE A H&S FAILURE PATTERN, WHICH WILL CALL A BULLISH ALTERNATE SCENARIO.
Prataap snacks Ltd - MACD Crossover📊 Script: DIAMONDYD (PRATAAP SNACKS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FMCG
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Packaged Foods
DAILY TIMEFRAME
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Script is moving towards its resistance level which is 908.
📈 Current RSI is around 76.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 869
🟢 Target 🎯🏆 - 908 , 1000
⚠️ Stoploss ☠️🚫 - 799
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Wipro near a break down (26/09/22).Wipro has been consolidating in a range and is forming a double bottom pattern on the weekly time frame.
The stock has closed below its 200 ema (weekly chart).
The whole IT sector has been in a consolidation phase and is near its recent low.
On the daily time frame, stock has given a negative candle and retested its levels of 400.
Confirmation points.
1. Closed below 200 ema (on weekly time frame)
2. Started trading below 400 level.
3. Head and shoulder pattern on daily time frame.
If the stock closes below 392 level on hourly time frame, a trade can be initiated.
Target :- 386.5, 374
Wait for the stock to close below the levels. A price action is must to enter the trade.
