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Head_and_shoulder

NIFTY UPCOMING JOURNEY PREDICTION 20-07-22DRAWINGS IN THE CHART Showing NIFTY CURRENT PICTURE, the Head and Shoulder Pattern. NIFTY BIG PICTURE drawing is not shown, but dates are mentioned, so you can visualise or draw on your charts as per the dates and levels mentioned. NIFTY BIG PICTURE Since 05.05.2022, Nifty is in the process of forming Inverted Head and Shoulder pattern in the hourly chart. From 05.05.2022 to 03-06-2022, formation of Left Shoulder with its peak placed at 15750. Its Neckline has been placed at 16800. This level has acted as a support for Nifty in the past. The current uptrend in Nifty (from 17.06.2022) may push it to 16800, which will complete the Head of the pattern, its Head being placed at 15200. NIFTY CURRENT PICTURE Again, price action suggests that Nifty might be in the process of making a Head & Shoulder pattern from 20.07.2022. Currently it is forming the Left Shoulder with its peak placed at 16588. Its Neckline might be at 16400. This level has acted as a crucial support for Nifty in the past, thus this level being a natural choice for the Neckline. After touching 16400(Neckline), Nifty might continue its upward journey upto 16800. This will form the peak of the Head of the pattern, and complete the Head of Inverted H&S pattern. Again, keeping the big picture of Nifty in mind(i.e. Inverted Head & Shoulder pattern), after touching 16800, Nifty may retrace back to the levels of 15900 to 16000. There is a high possibility that the price of Nifty might reverse from here. This level may indicate the peak of the Right Shoulder, again, if and only if, the big picture of Nifty is bullish. If not, then price might go down from here. N.B: 15750 will act as the last defence for the upward journey of Nifty if it breaks 15900, failing which the larger trend of Nifty will become bearish. In either case, Nifty might go down from 16800. Investment Strategy Long: 16400-16800 Short: 16800-16000 Option type: Monthly Option Call & Put. Happy Trading. We are not responsible for any profit or loss Based on Your Own Risk this is only to Show you the Current Pattern
NSE:NIFTYLong
by kuntaldewan23
1
LUMAXTECH - Bullish H&S pattern - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months 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:LUMAXTECHLong
by TradewithAditya
3
Hindustan UnileverThis stock has given good breakout from cup-n-handle chart pattern on hourly and inverted head and shoulder chart pattern on daily, along with good intensity of volume. As per previous price actions support and resistances areas & depth of cup pattern and also depth of head pattern, all are co-incidentally matching with trend based fib extension target levels up to 2750-2900. One can go long at current levels or in dips (yes possible) On the way down 20DMA and RK's stop line can provide good support now, which are pegged near 2278 - 2280 areas. Inverted head and shoulder chart pattern breakout on daily chart price action scenario along with Fibonacci extension levels Breakout with good intensity of Volume Cup n handle pattern breakout on weekly RSI cup-n-handle chart pattern breakout on hourly chart Price support resistance areas and trend based fib extension levels RSI double breakout on daily chart and now above 60 & 70 levels. RSI double Breakout on weekly chart and now above 60 levels. MACD in weekly positive and now above zero line. MACD in daily chart positive and now above zero line. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:HINDUNILVRLong
by RK_Chaarts
13
HINDUSTAN UNILEVER - Breakout of Head & Shoulder - 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:HINDUNILVRLong
by TradewithAditya
Big Fall in CrudeOilThe markets are falling down because of increased fear of recession. Recession affects everything, be it stocks or commodities like CRUDEOIL, NATURALGAS, SILVER, GOLD etc. Energy sector fell drastically yesterday. Crude Oil fell about 11% whereas Natural Gas fell about 6%. Crude Oil has a strong supply zone around 9300 according to the monthly timeframe from where it fell down. In last month it tried to break the supply zone but it failed. It is clearly visible on weekly timeframe that it couldn't break the supply zone. On the Daily timeframe we can see the formation of Head and Shoulder pattern from which it has broken down the neckline yesterday. Right shoulder was made from the strong resistance at 8850 from where it got rejected twice. It is also forming a downward moving channel. On 4 hour timeframe it has broken down the support with good amount of volume. Today it is moving in lower part of the channel and I think the closing of the candle will be below 8100. The MACD and RSI have turned bearish on multiple time frames. If the price of USOIL sustains below $100, we can see further down move in the coming weeks or months. Disclaimer: This post is meant for learning purposes only. Invest your capital at your own risk.
Editors' picks
MCX:CRUDEOIL1!
by Immature_Snorlax
15
Dual breakdown in Brent !!!After huge rally it seems that UKOIL which was stuck in range where distribution took place, can break the range down. This rally was indicated by me when Brent was 94, have a look: But, now it looks like the rally is over and it could start stepping down. Also, it has given a breakdown from head & shoulder pattern and along with this UKOIL has also broke the previous trendline support. A closing below 97 can bring a steep fall in Brent but aggressive traders can initiate short here also.
TVC:UKOILShort
by Chaser30
S&P 500 INDEX S&P, After impulse move in 1-2-3-4-5 waves on weekly chart, now we have witnessed entire fall as a leading diagonal as a wave A, and now we are in wave B, possibly it can retrace up to 38.2% of wave A entire fall, or maximum up to high of wave 4 in wave A, these levels are pegged near 4050 and 4177, all other parameters are supporting same bias to go long, which are shared below as a snap shots. Here is a trigger point to go long. RK's mass psychological cloud buy activated, along with support of RK's stop line, and also RK's momentum Buy activated. Overall wave structure on Weekly chart Current fall was in leading diagonal may be retrace upto 38.2% or wave 4 high of recent fall reversal chart pattern head and shoulder on hourly chart Breakout with good intensity of Volume in hourly chart macd positive in hourly above zero line macd uptick and ready to cross positive in daily chart Bullish Divergence rsi uptick in daily chart Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
SP:SPXLong
by RK_Chaarts
2