Head_and_shoulder
H&S Balkrisind BearishPossible Head & Shoulder formation on Balkrishna Industries, Sell below @ 903 with SL @ 954 and Target @ 854
ACC - GO Short for Target of 1350 in Short PeriodWill be making clear Head and Shoulder pattern. Short Term Target 1350.
BTC potential head and shoulderBTC potential head and shoulder
Subject to neckline 9450 holds, bounce to 11200 is possible
Break of 9450 can take BTC to 8600/8100
XAUUSD SHORTFOREXCOM:XAUUSD
TRADE PLAN SHOULD BE TO SELL ON rising CLSOE TO RESISTANCE
This chart for learning and educational purpose only.
#IDFCFIRSTB broken daily support level with H&S pattern#IDFCFIRSTB broken daily support level with H&S pattern. Entered in short position @39.20 with a stop loss of 40.50. The initial target is 1:2 @36.60.
NIFTY50NSE:NIFTY got stiff resistance around 11860 levels, moving above head of hypothetical pattern will make the pattern invalid and holding above it for sometime will only push stock towards 11935/65/00 levels. If the H&S pattern comes into action, index may fall towards neck line of the pattern and if breaks and hold below neckline may push further down towards 11450 levels.
SUMMARY-
Holding above 11860 ---> 11935 ---> 11965---> 12000
If H&S is valid then from current levels expect fall for targets 11725 ---> 11660 (neckline) --->11625
Consider 11625 as crucial support because --->
1. The first reversal pattern has failed from the same level.
2. It has gap up formed on 20th may (exit polls), which will act as support and the height(target) of the head of second continuation pattern.
3. Again, at the same level it may form double bottom or ugly triple bottom.
Holding below 11625 for sometime----> 11450
REGARDS,
SHARMA YOGESH
Apollo hospital - head & ShoulderForming head & shoulder pattern on the weekly chart. Very good pick for investment. Just wait for the confirmation.
HDFC RESULTShdfc having Head and Shoulders in daily chart. Support at 200 sma, Resistance at 100 sma.
AsianPains Making a Head and Shoulder Pattern.Asian Paint is Making a Head and Shoulder Pattern and Trading near the Neckline. It's also giving a Negative or Bearish Divergence. Short When it breaks the Neckline with Higher Volume than the Average Volume.
PIDILITE Industries: Head and Shoulder Pattern broken!PIDILITE Industries has finally had its head and shoulders pattern broken last week.
Its certainly very interesting to look for a good entry and join the 'long' ride :)
Global Slowdown Ahead - Head & Shoulder Pattern NASDAQ vs NIFTYBoth NASDAQ and NIFTY is forming head and shoulder pattern on weekly chart and there seems to be strong correlation between these two.
Both are at top of right shoulder.
Two macro economic development
1) ECB lowers growth forecast
2) 20% down in Chinese export due to subdued demand
Liquidate positions in equity and invest into debt fund. There will be sharp and strong correction in coming weeks across global markets.
Top of right shoulder - RELIANCE - ShortReliance has formed head and shoulder pattern and now it is at top of right shoulder, this is perfect time to short RELIANCE, there is very less probability to move upward due to this pattern and global sentiments
Top of Right Shoulder - Short RELIANCERELIANCE has formed a perfectly head and shoulder pattern and now it is at top of right shoulder, there is a high probability that it will go down.
head and shoulder infy daily chart formed a head and shoulder pattern . it may fall from this range.
Elliot Wave Correction In Nifty Wid Head & Shoulders ConfirmatinNifty is in Elliot's wave since 2016, This is the last wave of correction. (Weekly Charts)
The best part is, a Head n Shoulder at the End, Which mostly occurs in Elliot Wave (if no harmonic chart patterns are found).
On a larger scale also, NIfty is in Elliot's wave on Monthly charts. (Haven't covered here)
Nifty after touching 11,200-300 can shoot around 9000-9400.
Hence the stocks in Indian Stock Markets will follow.
Inverse Head & Sholder ReversalI've observed nicely formed Head & Sholder Reversal pattern. It has given good breakout and retesting the Neckline from above which offers a good opporutunity to go long with the following details
Entry 262
SL 255(closing)
Target 284
Risk/Reward Ratio above 3.14
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
