IndusInd bank is forming a bullish inverted head and shoulder pattern in 15 minutes chart. The neck level is at 940 though the entry as per the pattern too. What are your thoughts..? Is it gonna break the pattern and hit the CLSA revised target of 1150?
Sterlite Technologies Weekly chart shows Inverted Head and Shoulders pattern. There is breakout seen. Can buy at cmp with a stop loss of 171. Or can wait for some correction and buy in dips. Can go long with trailing stop loss for the technical target of 286. Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based...
Inverted hns in weekly chart if neckline break upside moves 20%-30% only for educational purpose
TINPLATE CMP 167 Target 180, 210 SL 149 dclbs
buy above 1280-1300 stoploss = 1268 tgt = 1330 trade is a swing trade would take 1-2 days only for educational purpose
Head and shoulder pattern can be observed in SUVENPHAR and the stock is taking support at the Trend line/ Neckline. If it breaks this neckline, can be a good short. Levels mentioned in the chart.
On the 30 min timeframe, Cholamandalam Finance seems to be on the verge of a breakdown if it is able to break down the level of 362!! The OI data also indicates Short Buildup!! Once it breaks the level, the first expected stop will be 350, then 340, then 330 and the final target expected is 310 odd!! Cheers!!
On Weekly chart we got 4 to 5 resistance on the trend line I marked it with arrow also it formed triangle pattern. Once it cross the above trend line we can go for Long.
As we can see here there is a confluence of two bearish patterns 1st one is Bump and run and the other is H&S but still, in both, we need confirmation which is so important :)
HUL has formed a Head & Shoulders pattern in the 25 min time frame. So if it gives a breakdown, it can go down at least 60 points. But bear in mind it is near oversold zones in the RSI. So if it fails to breakdown, a trade can be taken on the long side too. If short ---Downside target: 2070. If long ---Upside target: 50 points. SL : The blue line. (PS: I'm more...
Same like nifty 50 analysis.... bank nifty is also bullish. As we all know that , Nifty 50 Travel so far as compare to BANK NIFTY...on monthly candlestick chart. So Once it crosses or retest at neck line after break-out... bank nifty will move so fast as compare to nifty 50. One more plus point is that.. - Bank nifty recently crosses 200 EMA , and halt at that...
I hope you can now see how Sbin represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be assumed...
Aarti Industry has breached the neckline and expected to scale down to 790 level.
Yesterday close is below trendline. Low of right shoulder is the next key level to watch.
Very aggressive entry is when it bounce back from 625. Aggressive entry is at 644 Conservative entry is when it breakouts from 675
Relaxo can provide huge gain if it crosses 675 with volume.
DMART may form head & shoulder pattern tomorrow, maybe a good buy!