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Head_and_shoulder

Nifty is forming Head & shoulders and Flag & PoleNegative trend has started in Global markets, Fed interest rates hike, raising crude oil prices, end of bull rallies making NIFTY bearish. Nifty is forming head & shoulders pattern according to it we can expect targets as Target1 : 16000 Target2 : 15500 In 1 Month chart we can see Nifty is forming Flag & pole if it break flag Target : 16000 Note: Nifty will not break the patterns now because Government wants to squeeze maximum profits from LIC IPO .So it is possible only in Bullish market so we can expect Bullishness for short term
NSE:NIFTY
by vinay_aravelli
1
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