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Head_and_shoulder

State Bank of india before budget daysbin currently trading between 518 to 538 price range i am assuming it is creating inverted head and shoulder, with such bullish market structure it can give nice breakout and if it sustain above 540 it can go upto 565 -568 indicators MFI ;looks normal and strong TSI : equally good no weakness ema : price trading above 50 ema indicating bullish sign NOTE; volatility is expected and will be higher because of event day PSU banks have posted good results than PVT banks as SBIN been the largecap and leader of Psu scetor it will be getting some sort of event effect, with govt planning on divestments most of the money flow are expected to diverted to SBIN TRADE ONLY IF YOU SAME CONFLUENCE OR CAN RELATE YOUR IDEAS WITH ME thanks, happy trading !!!
NSE:SBINLong
by Jimmy_Rebello
6
RUPA - Weekly Inverted Head and ShoulderRUPA Weekly : Pattern : Head and Shoulder Pattern (Inverted) - Possible Reversal Necline: Blue Trendline Buying zone : Blue and Red Trendline Breakout level : 590. Important level to accumulate above : 555.00 Currnelty Trading on Neckline of Pattern Bought at 515 Stop loss 489.00 - Use 30% of capital Buy at 550 - use 35 % of capital Buy at 570- use remaining 35% of capital. View : Long after breakout of 589.95 Short term Target : 10 % Long term target : 100 %
NSE:RUPALong
by FalgunPrajapatiTrading
1
RBLBANK [Head and Shoulders Pattern]Head and Shoulders Pattern 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. Disclosure : I am not SEBI registered. The information provided here is for Education Purposes only. I will not be responsible for any of your PROFIT & LOSS with my trading view id . Consult your financial advisor before taking any decisions
NSE:RBLBANKShort
by asAMOLSUTAR