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Head_and_shoulder

Bank Nifty - Formation of Bearish Head and ShoulderBank Nifty index is forming bearish head and shoulders pattern. Here are the key levels mentioned below: Neckline : 50000 (activation point for the pattern) Immediate Support: 49700 (200 EMA) Potential Target: 46500 (if price pierces below 200 EMA) Trend Breakdown: Noted breakdown of the uptrend line since October 23. Make sure to keep an eye on these levels and monitor price action closely as it approaches them! If you have any more insights or questions about trading strategies, feel free to share.
NSE:BANKNIFTYShort
by Arvind_Share_Academy
BALKRISIND looks good for a swing tradeBalkrishna Industries (BALKRISIND) has shown a strong uptrend in the major trend and has recently formed an inverse head and shoulders pattern during the pullback phase of this uptrend. The neckline of this inverse head and shoulders pattern has been broken, and the stock has also taken support at this neckline, further reinforcing the pattern. These factors together indicate a high potential for an upward move in the near future, suggesting that BALKRISIND could see significant upside.
NSE:BALKRISINDLong
by anuragAnand321
SUNTV | Head & shoulder + Cup & handle Trapping ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡FNO Stocks Trading📉📈📊 ✅Check out my TradingView profile to see how we analyze charts and execute trades. ✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:SUNTVLong
by ReviveTraders
Ask auto; Take a look; min 25% Roi; short term; Huge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for small retracement & daily candle to close above - "381" . . If you are interested in investment now, go for it with proper risk, . . Overall "Ask Automotive" fundamentally good stock. . . Enter after retracement above "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Refer over old posted idea attached below.
NSE:ASKAUTOLTDLong
by TheNuraTrading
USDT.D DOMINANCE FORMED BEARISH HEAD AND SHOULDER PATTERNUSDT Dominance (USDT.d):Pattern: Head and Shoulders.Interpretation: If this pattern confirms with a breakout, it suggests a bearish trend for USDT dominance. This could imply that traders are moving away from stablecoins like USDT and back into other cryptocurrencies.Support Level: The next significant support level could be around 5.10%. If the price breaks below this level, it might indicate further downside for USDT dominance.Bitcoin (BTC):Pattern: Inverse Head and Shoulders.Interpretation: This is typically a bullish pattern. If confirmed with a breakout above the neckline, it could signal the start of an upward trend for Bitcoin.Waiting for Breakout: The pattern is yet to break out, so traders might be waiting for confirmation before expecting a strong move upwards.
CRYPTOCAP:USDT.DShort
by crypto_vulture_signals
2
ASIAN PAINTS - INVERTED HEAD AND SHOULDER PATTERNThe stock has given breakout of INVERTED HEAD AND SHOULDER pattern & Retested on the daily chart. One can enter above 3054 with a strict Stoploss of 2970 Target 1 - 3200 Target 2 - 3280 Target 3 - 3360 #SWINGTRADE #FUNDAMENTALLY STRONG STOCK What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:ASIANPAINTLong
by JJJ-555
2
ASIAN PAINTS - INVERTED HEAD AND SHOULDER PATTERNThe stock has given breakout of INVERTED HEAD AND SHOULDER pattern & Retested on the daily chart. One can enter above 3054 with a strict Stoploss of 2970 Target 1 - 3200 Target 2 - 3280 Target 3 - 3360 #SWINGTRADE #FUNDAMENTALLY STRONG STOCK What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:ASIANPAINTLong
by JJJ-555
CAMPUS LONG (313 OR 297-303)| INVERSE H&S + RESISTENCE BREAKOUTDisclaimer: I am not SEBI certified and these are my personal views. Please do your research before making any investment decisions. Bought CAMPUS at 313 , Will add more at 297-303 - Completed Inverse Head & Shoulder formation - Resistance zone breakout(done) and retest(pending) - RSI is not overbought - Trading above 50,100,200 EMA (bullish sign) - Short term target-348 - Long term target-393 - Views invalidated if breakdown uptrend support line Short term target: 348 Long term target: 393 Finished Trades (2/2) JUBLINGREA - Target hit in 4 sessions (check out it in ideas section) CAPLIPOINT - Target hit in 4 sessions (check out it in ideas section)
NSE:CAMPUSLong
by Pattern_Ninja
Gold buyers keep eyes on US NFP, inverse Head and ShouldersEarly Friday, Gold price reverses the previous day’s pullback from a two-week high as traders await the US monthly employment data for July. That said, the recent bias supporting the US Federal Reserve’s (Fed) frequent rate cuts in 2024 allowed the precious metal to remain firmer within an inverse Head and Shoulders (H&S) bullish chart formation. Apart from that, the bullion’s successful recovery from the 50-SMA, bullish MACD signals and upbeat RSI conditions also underpin the upside bias about the spot Gold price known as the XAUUSD. With this, the Gold price appears well-set to rise within the aforementioned bullish chart formation. The same highlights a five-week-old support-turned-resistance line surrounding $2,480 as an immediate upside hurdle. Following that, the neckline of the head and shoulders pattern, close to $2,494 by the press time, quickly followed by the $2,500 threshold, will be crucial to watch. In a case where the quote manages to stay firmer past $2,500, it becomes capable of aiming for the theoretical target of the inverse H&S formation, namely the $2,700 psychological magnet. On the contrary, Gold buyers remain hopeful unless the quote breaks an upward-sloping support line from mid-February, near $2,381. Also restricting the bullion’s short-term downside is the 50-SMA support of around $2,365. In a case where the precious metal stays weaker past $2,365, it defies the bullish chart formation and becomes vulnerable to drop further toward the lows marked in June around $2,280. That said, the $2,300 and May’s bottom of $2,277 will act as additional supports to watch during the XAUUSD’s further downside. To sum up, the Gold price remains in the bullish trend and signals further advances ahead of the key US employment data comprising the widely known Nonfarm Payrolls (NFP). Hence, the scheduled data’s capacity to harm the XAUUSD buyers appears limited even with the upbeat outcome.
OANDA:XAUUSD
by MTradingGlobal
SUPRIYA (head & shoulder) SUPRIYA (head & shoulder) targets are open 1st 360 , 2nd 410 SL .. always 5 % below already i share my study prediction on this stock but see on chart you can see following points 1) cup & handle . 2) Descending Triangle Pattern with break out . not retext. 3) support & resistance and added is 4) Head and shoulder some day may be stock going up . good fundamental stock . Company has reduced debt & almost debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 27.9% . Shareholding Pattern is Promoters 69% FIIs 5.% Dlls 7.% and Publics is 19 % I share link with below my already share check out for MORE check in my TradingView ID If You LIKE MY Idea ……Boost………….. its “Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts /calls , please consult your financial advisors. Thanks
NSE:SUPRIYALong
by asAMOLSUTAR
1
Global Offshore Services Ltd going strong.Technical and Fundamental Anaylysis for Global Offshore Services Ltd. If you like the analysis, please do not hesitate to give boost to the stock idea. ### Price Action Analysis 1. **Head and Shoulders Pattern:** - **Left Shoulder:** Formed around mid-2022. - **Head:** Formed around early 2023. - **Right Shoulder:** Currently forming around mid-2023 to 2024. - This is a typical reversal pattern indicating a potential change in the trend from bearish to bullish. 2. **Ascending Channel:** - The price is moving within an ascending channel, suggesting a gradual increase in price. - The upper and lower boundaries of the channel are acting as resistance and support levels, respectively. 3. **Cup and Handle Pattern:** - A large cup and handle pattern appears to be forming over several years, with the bottom of the cup around 2020 and the handle forming currently. - This is another bullish pattern that can indicate a continuation of the uptrend once the pattern is completed. ### Volume Analysis - **Increasing Volume:** The recent candles show increasing volume, especially around the right shoulder formation, which is a positive sign. This suggests strong buying interest and supports the bullish patterns identified. ### Summary - **Bullish Indicators:** - The head and shoulders bottom pattern, cup and handle pattern, and ascending channel all suggest a bullish outlook for Global Offshore Services Ltd. - Increasing volume and a rising RSI further support the bullish case. - **Key Levels to Watch:** - **Resistance:** The upper boundary of the ascending channel and the neckline of the head and shoulders pattern. - **Support:** The lower boundary of the ascending channel and the recent low of the right shoulder. - **Actionable Insight:** - If the price breaks above the neckline of the head and shoulders pattern with strong volume, it could be a signal to buy. - Conversely, if the price falls below the support levels with increasing volume, it might indicate a potential bearish reversal. Fundamentals from Screener.in Global Offshore Services Ltd. has had a turbulent financial history, with several key metrics providing insights into its performance over the past decade. ### Financial Performance and Ratios 1. **Revenue and Profit Growth**: - The company has experienced negative compounded sales growth over the past 10 years, with a significant decline observed in the last 5 years and 3 years as well - However, there has been a notable improvement in profit growth, particularly in the recent term, with a 70% increase in TTM (Trailing Twelve Months) profit growth 2. **Earnings and Net Profit**: - Despite past losses, Global Offshore Services reported a turnaround with a net profit of ₹38 crores in the most recent fiscal year, a significant recovery from previous years of losses. - The company's EPS (Earnings Per Share) also improved, although it still reflects the volatility experienced in past years. 3. **Debt and Liabilities**: - The company has significantly reduced its borrowings from ₹1,155 crores in 2019 to ₹37 crores in 2024, which indicates a strategic focus on debt reduction. - Total liabilities have also decreased, showing a more manageable financial structure. 4. **Cash Flows**: - Operating cash flow remains positive, indicating that the company's core operations are generating cash, albeit at lower levels compared to earlier years. - Cash from financing activities reflects the company's efforts to repay debt, resulting in negative cash flow from financing. ### Market Performance - The current share price of Global Offshore Services Ltd. is ₹65.21, with a PE ratio of 4.35. - The stock has shown significant gains over the past year, with a 1-year return of 60.86%. - The market capitalization of the company stands at ₹156.02 crores. ### Conclusion Global Offshore Services Ltd. appears to be in a recovery phase, with improved profitability and a stronger balance sheet due to reduced debt. The market has responded positively to these improvements, as reflected in the significant stock price gains. However, investors should remain cautious due to the historical volatility and ongoing challenges in revenue growth.
BSE:GLOBOFFSLong
by brijmohan_h