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Head_and_shoulder

HDFCBANK Head and Shoulders on WeeklyHDFCBANK has formed Head & Shoulders pattern on the weekly chart and is breaking down from its trendline at 1250 zone. Breakdown from here can take the price all the way to measured move target of 990-1000. Note that 200WMA may also act as support at this 1250 zone and we may see the price halting here, hence 1250 is a crucial support zone for the stock. If held, price can retrace back to previous highs as well. Watch out for break of 1250 for a medium-term fall in price.
NSE:HDFCBANKShort
by vipulmehta817
2
Pure price action Swing trade opportunity in VIDHI SPECIALTYVIDHI SPECIALTY has gone 10x since the March 2020 covid crash and still rising. The chart has formed an inverse head and shoulder pattern on the daily timeframe . A strong green candle with Huge volumes broke out of the resistance zone providing a good swing trade opportunity. Huge volumes and big green candles usually attract little profit-booking, which should bring the prices back to the breakout point. Risky traders can take a trade in the next trading session and put a stop loss below the support marked on the chart or below the breakout candle. The key to making consistent profits in trading is not just identifying a pattern and taking a trade right away. The obvious is not always obvious. Protect your capital. It's okay to lose an opportunity than take a loss. I would deploy a trade if the price retraces & takes support near the breakout zone. This filters out the fake breakouts (fakeouts). This also increases the chances of losing out on the trade if the price does not retrace, but I'm okay with moving on to the next opportunity. Stop-loss : Slightly below the strong support. Target : The depth of the Head & Shoulder pattern, measured from the breakout point. Risk/Reward : 1:3 Disclaimer: This is not buy/sell advice. Please do your due diligence before making any trading decision or consult your financial advisor. Sharing my analysis and thoughts for a stronger and healthier community. Cheers
NSE:VIDHIINGLong
by Sai_Kumar
9
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 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:NAUKRIShort
by RK_Chaarts
6
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.
NSE:SBILIFELong
by HanumanBhkt