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Head_and_shoulder

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.
NSE:CMSINFOLong
by TradewithAditya
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.
NSE:AMBUJACEM
by Mambotrade
1
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.
NSE:GAILShort
by TradingSutra
2
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. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:DIAMONDYDLong
by radha_23
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.
NSE:WIPRO
by Mambotrade
Trading Signal For MATICUSDT Polygoninverse Head and Shoulders pattern Trading Setup: A Trading Signal is seen in the MATICUSDT Polygon Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 0.7296 ⭕️SL @ 0.686 🔵TP1 @ H&S Target 0.866 🔵TP2 @ 0.94 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you liked our ideas, please support us with your likes 👍 and comments .
MLong
by pullbacksignal
'SAKSOFT' ready for a 'LOFT'Finally, SAKSOFT has given a breakout from huge consolidation of almost 1yr. During this period, it constructed a massive inverted head and shoulder pattern whose depth is 36% and breakout came above 1140. Both volume and RSI are supporting the up move. RSI is breaching above 60. Volume has started buzzing despite Nifty IT lacking strength. The only thing to ponder is stock is going to split on 23rd hence traders who avoid playing events are advised to be on the backfoot or sit with a tight stop and the event trader can take an aggressive stance.
NSE:SAKSOFTLong
by Chaser30