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Head_and_shoulder

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
NIFTY - Head and Shoulder pattern.Nifty at important support of 17000. 17000 has been tested 6 times already on a daily time frame. Huge put open interest on 17000 PE and weekly PCR is 0.49 which indicate market is at a crucial support and market is heavily oversold. Monthly OI also indicates put unwinding majorly at 17300 but still put writers stuck. On an hourly time frame NIFTY seems to be making a head and shoulders pattern with the left shoulder and head made. Expecting a short term reversal in the market till levels of 17325 to 17425. This would give an opportunity to put writers to exit their weekly and monthly positions and also improve the PCR.
NSE:NIFTY
by pareshdevnani
Head and Shoulder Pattern in the making Stock price movement has formed head and shoulder pattern on monthly price chart. Best seen when you change chart type from candles to line. An investor has to observe caution as this pattern is the reversal pattern. We have to watch out for further price movement. If the price falls below neckline drawn on the chart then fall may continue up to height of head from neckline. However, seldom actual drop confirms according to textbook fall. But, further buying shall only be initiated if price movement does not lead to head and shoulder. RSI on monthly chart indicates enough upside possible in the stock
NSE:ICICIBANK
by datepuru