NAUKRI INFO EDGEThis stock is looking like head and shoulder chart patterns breakdown along with good intensity of volume, and it has started its correction as a wave A in 5 subdivisions and then wave B is small and now once price breaks below 4058 then possibly wave C must started, and it should come down in 5 legs only. Below are some supporting scenarios shared.
head and shoulder pattern neckline breakdown on daily time frame
RK's Sell signal activated on daily chart and also price has broken RK"s stop line and mass psychological cloud
MACD on weekly negative crossover below zero
MACD on daily negative crossover and now below zero
price below lower bollinger in daily
rsi breakdown in daily and now below 40
DMI ADX on weekly bearish
DMI ADX on daily bearish
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Head_and_shoulder
INDIAN CARDINDIAN CARD
Stock near it's Multiyear Jan 2016 resistance level.
- Strong under current in stock.
- In market correction not participating.
- Inverted H&S pattern on daily chart.
- Stock can give good rally from this levels. Keep on radar.
-Gaurav
@investing @vivek_mashrani @forextidings @Tredingview @tradingview_ #investing
Head and Shoulder Pattern along With Bearish Engulfing Today in Bank Nifty
Today Bearish Engulfing took place which is a strong sign of negative trend.
Also in Daily chart,Head and Shoulder pattern formed
Downside breakout is expected as red candle is formed on the Neckline . Almost broke,.
Ready for a Big Fall...
*For Education Purpose Only
nifty head and shoulder pattern formation going onnifty immediate support comes around 16800
right now h&s pattern formation going on of which neckline comes around 16800--775
breaking of the same will bring more weakness...
Temporary bounce or pause possible around 16800
index sell on rise mode
views are educational
Bank Nifty Bearish Head & Shoulder Bank Nifty making Bearish Head & Shoulder
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
Nifty making reverse Head&shoulders pattern in daily timeframeNifty making Reverse Head&shoulders pattern in daily timeframe.
If it touches 17000 and reverse then break neckline , lead to wonderful rally.
If it fails to sustain above 17000 (Second shoulder) not formed then this chart pattern will be invalid.
SBILIFEDear Traders,
We can see a great 10-15 % move in foreseeable future as, stock is making inverted head and shoulder pattern. Plus, it already has given breakout from Triangle pattern and after that it was hovering upside that means accumulation of stocks is also done by retailers like us. And in the last it broke today the neck line of former pattern. And along with these reasons we can see that volume is also confirming our theory so we can buy this stock.
Thanks you guys for support.
L&T heading towards a fall?In terms of Elliott waves, LT has completed its already completed five-wave rally and the stock is going through ABC correction. Head and shoulders pattern could also be seen indicating possible correction. The 4th wave low which is considered as the end of ABC correction and the head and shoulder breakout is pointing towards 1350 level in short to mid term.
PS: This is not an investment or trading advice.
BSOFT - INVERTED HEAD AND SHOULDER BREAKOUT | POTENTIAL 10%
BSOFT - INVERTED HEAD AND SHOULDER BREAKOUT | POTENTIAL 10%
Buy above : 495
SL : 474
Target : 543
Risk reward : 1:2
Trade Duration : 15-30 days (If not reached within this i will move out)
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #ShorttermICICI PRU Ltd
On weekly chart H&S formation ..Expected for Right Shoulder formation
But resistance at 538 levels
So buy above 540-545 levels on closing basis for 4-10% targets
Keep trailing SL for maximize your profits
In case of Gap-Up or Gap-down avoid above setup
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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ITC Now showing Breakout SignsITC is looking very strong on charts and after a long time it's ready to give breakout above 265-270, you might see some very good movement here.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Head & ShoulderThe head and shoulders chart is said to depict a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end.
Investors consider it to be one of the most reliable trend reversal patterns.
Left shoulder: Price rise followed by a price peak, followed by a decline.
Head: Price rise again forming a higher peak.
Right shoulder: A decline occurs once again, followed by a rise to form the right peak, which is lower than the head.