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
Head_and_shoulder
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.
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.






















