Head_and_shoulder
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💢 Inverse Head and Shoulder pattern💢
buy @dips(22 range) or wait for a breakout (above 25)
strict sl below 20.5
reasons for this buy
✔After a long correction, we can see an inverted Head and Shoulder pattern in the chart.
✔breakout above the neckline of the inverted H&S
✔delivery data looks postive
✔price in a strong resistance & can see a take off zZzooon✨✨
monthly chart👇👇
this is not a stock recommendation.do your study guys🙏
thank you
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Watchout for Support Breakdown - Head & Shoulder FormationAll analysis has been given on charts itself.
The stock has been bouncing from the same levels several times, hence the stock may bounce from there again. Hence Trades must be taken only below suggested levels of 1315 i.e Confirmation Level.
Feel free to share your feedback and queries.
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.
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 ....






















