Nifty 50Head and shoulders Patten forming Further Don't concentrate Call options Because market will get shot correction
Head_and_shoulder
ACC STRONG INSIDE
ACC following the H&S Pattern
breakdown happen yesterday
300 points down side
What Does a Head and Shoulders Pattern Tell You?
A head and shoulders pattern is comprised of three component parts:
After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
The price rises again to form a second high substantially above the initial peak and declines again.
The price rises a third time, but only to the level of the first peak, before declining once more.
The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline.
How Do I Identify a Head and Shoulders Pattern on a Chart?
The pattern is composed of a "left shoulder," a "head," then a "right shoulder" that shows a baseline with three peaks, the middle peak being the highest. The left shoulder is marked by price declines followed by a bottom, followed by a subsequent increase. The head is formed by price declines again forming a lower bottom. The right shoulder is then created when the price increases once again, then declines to form the right bottom.
What Does a Head and Shoulders Pattern Indicate?
The 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.
How Can I Use the Head and Shoulders Pattern to Make Trading Decisions?
The most common entry point is a breakout of the neckline, with a stop above (market top) or below (market bottom) the right shoulder. The profit target is the difference between the high and low with the pattern added (market bottom) or subtracted (market top) from the breakout price. The system is not perfect, but it does provide a method of trading the markets based on logical price movements.
HEAD & SHOULDERS IN APLAPOLLO.The stock has provided a retracement to the neckline of the H&S pattern.
If the neckline is broken with a confirmation candle, it could provide a perfect entry.
Targets should be measured on the basis of the top & neckline of the pattern.
YES BANKshare name : yes bank
call type : positional
- 15.15 is acting as a huges resistance
- if share cross 15.15 then we can initatie
buying with the sl of 14, target = 20
time period - 1-2 months
UFLEXInverted Head and Shoulder pattern formation in 1D timeframe.
Cup and handle pattern, if you see on larger timeframe.
DR Reddy - Inverted Head & ShouldersInverted Head & Shoulders on the daily timeframe. Up move is expected very soon.
CHALET breakout stock breaks a good resistance level today and 2 head and shoulder pattern as well
can move like my previous head and shoulder breakout idea kotakbank or koltepatil both worked well
for educational purpose
MAZDOCK Head & Shoulder FormationHead & Shoulder Pattern Forming, Watch For Resistant Level, Fear Sentiment in Market ( Nifty May Correct)
20/08/21 reversal patternhead & shoulder formes also DAY and WEEKLY candles also favour to this pattern try. may it's working 50% because today Friday weekly may influences the market so cation with the stop loss
We may see a Head and Shoulders reversal in Hero Motocorp Ltd
Hero Motor Corp Ltd showing bearish signs as following:
1. Head and shoulders completed on weekly and daily timeframe.
2. Price closing below 50 and 100 day EMA for 5 consecutive weeks.
3. Price opened below neckline today (20/08/2021).
4. Bearish divergence on RSI throughout the uptrend. Bullish divergence at beginning of downtrend.
(divergence occurs when RSI contrasts with price moments, suggesting trend reversal)
5. A mini head and shoulder reversal has already occured in the current "Head" of the pattern. Similar pattern is repeating itself.
6. Given above observations, price is likely falling to 2056-1935 levels.This was a previous order block.
In conclusion, Hero Motocorp Ltd is a fundamentally strong company. However a better time of entry would be around 2056-1935 levels. Or around 2431, if price only makes a 50% retracement from previous uninterrupted uptrend.
L & T - DESCENDING TRIANGLE PATTERNL & T Stock is just completed Head and Shoulders Pattern which is a bullish pattern, retesting also completed and formed Descending triangle pattern with breakout. So, we can expect the stock may go long.
Good buy for short term.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcome
Reverse Head & Shoulder in RelianceReliance has already broken the neckline, wait for retest to enter in a Long position.
IDFCFIRSTB Looking BearishANALYSIS : Head and Shoulder Pattern + RSI Resistance at levels near 40
ENTRY : Below 53.75
EXIT : 1D candle closing above SL
TARGET : 45.1
STOP LOSS : 55.05
TIMEFRAME: 1-3 months
R2R RATIO : 5.63
Trade Execution :
Sell NSE:IDFCFIRSTB1! ~ 2.4 Lakhs
Buy Options - July 45 PE ~ 2K, Aug 45 PE ~ 5K
head and shoulder in cadilac1. head and shoulder pattern formed in cadilahc.
2. this is for education purpose only , please don't take this a call.
3. explained everything clearly in chart.
PARA CABLESTARGET MARKED!!!
Forming H&S pattern. Breakout done!!
Keep an eye.
Disclaimer: Chart is shared only for educational purpose. Before investing please consult your financial advisor.
SOON BREAK CAN BE SEEN IN GABRIEL HEAD & SHOULDER FORMATIONTake Entry with small stop loss huge volume breakout soon
Maruti Suzuki Ind - Inverted Head and Shoulders Maruti Suzuki Ind - Inverted Head and Shoulders - Good to go long - Buy at the dip or support level
NSE:MARUTI
LIC Housing FinanceScript has formed Head & Shoulder pattern.
Breakout is done and retesting in progress.
Shared only for educational purpose.
Nifty Bank weekly Analysis Forming an Inverse Head and Shoulder Pattern on hourly chart.
Supply zone tested multiple times.
If it breaks the resistance zone with higher volume
then there are chances of uptrend in next week.
Target for next week:
1st target 35888
2nd target 36258
.
.
This is my personal Opinion about NIFTY BANK .
Take it as educational purpose. I am not SEBI registered or any Stock market expert.
I am not responsible for PROFIT or LOSS.
