Head_and_shoulder
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.
Nifty Safe zonesNifty Safe zones - Green Safe zone, Yellow - Awareness zone, Red - Danger zone . 11171.55 is right shoulder area.Trade carefully
IDBI Bank Overview | Short and week overview THis is not convincing Head and Shoulder pattern.
Why?
Volume is not convincing at the peak of heads !!
Long term trend is down !!
You could enter at the given level with Week hold in mind .
Take profit 1 can hit as INTRADAY and if you could hold longer TP2 will also hit.
Keep in mind, Stock is not trendy as much trending sideways.
Disclaimer : not an investment advice
sbin , iss paar ya uss paar !!!!2 scenario under construction in the stock as even described in charts .
BAJAJ FINANCE : HEAD & SHOULDER with WOLFE's WAVEBAJAJ FINANCE has beautifully formed a inverse Head and Shoulder pattern on hourly chart which is further supported by Wolfe Wave. If stock goes above its previous day's high then it may go up with good momentum.
Head and shoulder pattern made in Ashok leyland.Buyer Stay alertHead and shoulder pattern made in Ashok leyland.Buyer Stay alert.
Possible H&S Pattern One Can Buy this stock once it close above 133... mean time if breaks 114 then the trade in validated.....
Technical view:NATIONAL CAN GO LOCAL?? :-)looks like weak it has pullback and reversed from a strong support zone for the stock. It can go up to 58
Inverted Head and shoulder Patterns formed in TVS MotorsInverted Head and shoulder Patterns formed in TVS Motors
Tinplate : Inverted Head & Shoulders : 24% Up Side PotentialBuy Entry 200 - 205
Stop loss 168
Minimum Price Target 248
Risk to Reward 1 : 1.50
24% Up Side potential.
The Recent move is supported by Higher Volumes. (Trading volume can help an investor identify momentum in a stock and confirm a trend. If trading volume increases, prices generally move in the same direction.)
jindal stainless shows a bullish reversalafter a long down trend jindal stainless is attempting to reverse the trend , on its previous two attempts in the near term it has failed but this time it has shown a strong bullish sign with a hammer candle following with the confirmation gap up bullish long candle , time to go for LONG in this stock
it also tries to form a head and shoulder pattern with the slope neckline. buy n hold till it shows some strongly bearish signs
DXY Technical analysisThe DXY index is trading in a tight range for the past few days.
It is in the process of forming a potential head and shoulder pattern.
Also trading around a strong trendline and multiple support zone based on price action.
Market is awaiting cues to make a major move on either side.
Hence, wait for our updates to instigate a perfect trade.
BTC 4h Reverse Head and Shoulder patternA Reverse H&S pattern is developing on 4h charts. Enter onlt when the neckline is broken with volume and there is a re-test.
$ETHUSD Reverse Head and Shoulder PatternWe are looking at the developing Reverse Head and Shoulder pattern.
Never take a position on a half-completed pattern.
Only when it crosses $640 and corrects back to ~$640 levels can we look at a target of $730
$ETHUSD H&S on 1h TF?A very small timeframe call on ETH on 1 hour timeframe.
We may be looking att he development of a H&S pattern. Though I am bearish on ETH at the time being but price seems to hold well. It is continuously getting tested at $625. As with any H&S pattern wait for the completion of the Right Shoulder. we would see price breaching $625 and then a retest which would be a good entry point for a target of $640.
Crude give breakout of HEAD and SHOULDER patternWTI crude has break the neckline of Head and soulder pattern on daily charts, also it has formed bearish engulfing pattern on weekly charts which is a bearish signal. Next support will be near 58.50.
Inverted Head and Shoulder ReversalThe stock was in downtrend and making lower low since last 2 years. It is showing sign of reversal now and formed classical inverted Head and Shoulder pattern. It has broken the neckline significantly and also short term trend line. One can conclude that that it wants to go up now. Recent budget reaction provides an opportunity to accumulate the stock for investment. Short term traders can also trade the pattern on seeing some strength. RSI came out of oversold zone and currently at 50 is also confirming the decision.
SHORT : Head & Shoulder PatternThe stock has formed a classical Head & Shoulder Pattern and trading below the neckline. One can expect the price in price range 3200 - 3175 in coming days. It does not need much explanation.
fallen enough ..i expect a good comeback!!! lets see!!i feel that the stock can be good to hold for a short time span as the indicators are bullish and overall trend looks enough positive
by keeping a trailing stop loss would like to go long on this stock !!!!!!!
for atleast upto next 2 months!
