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Head_and_shoulder

EICHER MOTOR HEAD AND SHOULDER BREAKDOWNEicher Motor has given a breakdown of a Head and Shoulder formation on a daily chart. Right now the price is at a crucial level hovering in the Supply and Demand Zone. If this zone act as support then a pullback from the neckline and after a possible retest of S&D zone the peak of the shoulders Rs. 2700 will be our 1st target and after that, if bullish momentum continues Rs. 3000 can be our 2nd target. If the price goes below the supply and demand zone then it can come back to retest this level and then continue a bearish move for the target price of around Rs. 2015.
NSE:EICHERMOT
by Aditya_Pal_Singh
ITC CrucialLevelsAs We can See on 15Min Time Frame its is showing SymmetricalTriangle type of pattern and RSI aslo Weak ... Making Lower lows and Faced Resistance too long It might me open downside on monday then we can see short side target lets see monady where it goes ...it can go both side and give closing at up or down side then we will see big momuntum... ON Daily Chart its showing H&S Pattern which indicate downtrend .... on monday it can take support from this levels ...wait for 1st half then take trade ... Sell Below-200 only when Give closing below this Buy above-207 or 209 ....
NSE:ITC
by Darshaann
Technical Analysis : RELIANCE getting ready for short... :)Reliance Chart in following leaps, Slightly in Downtrend, (from OCT2020) Head & Shoulders TOP, (Created high price- the HEAD and now the reversal action) A triangle Flag pattern, (In Daily | hourly time frames confirming traders sentiment for selling) RSI is not oversold, in higher time frames, and in lower's reaching to Oversold. Confirming, to reach oversold level, at H&S target. Or bounce back to new highs at pre-support levels. Bonus: Current price's Hype & high is also due to on past H&S at bottom Between Jan2020 and June 2020. Price reached past target now slightly in Downtrend. Traders may square off and reopen at low prices, until any positive sentiment news appears "_" Consider my work as beginner's. Hoping, analyzed, well sortoff. -VK
NSE:RELIANCEShort
by VikingVinay
📚Learn More💰Earn More - Inverted Head and Shoulders in USDJPY📚 LEARN MORE 💰 EARN MORE With ForecastCity Inverted Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal. This illustrates that the downward trend is coming to an end . When a Head and Shoulders formation is seen in a downtrend, it signifies a major reversal . The pattern is confirmed once the price breaches the neckline resistance . In this example, we can easily see the head and shoulders pattern. How to Trade the Head and Shoulders Pattern : ENTRY: we put an entry order above the neckline. TARGET: We can also calculate a target by measuring the lowest point of the head to the neckline. This distance is approximately how far the price will move after it breaks the neckline. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
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