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Head_and_shoulder

Bullish Head and Shoulders Pattern in Lal Path lab.The head and shoulders pattern is a popular technical analysis pattern that typically indicates a reversal of a bullish trend. Here's how it typically appears: - **Head and Shoulders Pattern**: - **Shoulders**: There are two peaks (shoulders) nearly equal in height with a higher peak (head) between them. - **Neckline**: A trendline drawn connecting the lows of the troughs between the peaks (shoulders). - **Volume**: Generally, volume tends to decrease as the pattern develops, with a noticeable increase at the breakout point. - **RSI**: RSI (Relative Strength Index) often shows a divergence where the second shoulder forms, indicating weakening bullish momentum. Description: - **Monthly Chart**: The pattern spans over a longer time frame, suggesting a significant potential reversal. - **Good Volumes**: Volume confirms the pattern's validity, ideally showing higher volume at the formation of the head and the breakout. - **RSI Above 58 and Rising**: RSI being above 58 and rising suggests increasing bullish momentum, supporting the potential reversal indicated by the pattern. - **Above Key EMA Levels**: Trading above key Exponential Moving Average (EMA) levels further reinforces bullish sentiment. This combination of factors indicates a potentially strong head and shoulders pattern on the monthly chart of Lal Path Labs, suggesting a reversal from a bullish trend to a bearish one. Traders often look for confirmation through a decisive break below the neckline to validate this pattern. Always consider other technical and fundamental factors before making trading decisions.
NSE:LALPATHLABLong
by Rockstar9831
Bullish Head and Shoulders Pattern in Lal Path Lab.The head and shoulders pattern is a popular technical analysis pattern that typically indicates a reversal of a bullish trend. Here's how it typically appears: - **Head and Shoulders Pattern**: - **Shoulders**: There are two peaks (shoulders) nearly equal in height with a higher peak (head) between them. - **Neckline**: A trendline drawn connecting the lows of the troughs between the peaks (shoulders). - **Volume**: Generally, volume tends to decrease as the pattern develops, with a noticeable increase at the breakout point. - **RSI**: RSI (Relative Strength Index) often shows a divergence where the second shoulder forms, indicating weakening bullish momentum. Description: - **Monthly Chart**: The pattern spans over a longer time frame, suggesting a significant potential reversal. - **Good Volumes**: Volume confirms the pattern's validity, ideally showing higher volume at the formation of the head and the breakout. - **RSI Above 58 and Rising**: RSI being above 58 and rising suggests increasing bullish momentum, supporting the potential reversal indicated by the pattern. - **Above Key EMA Levels**: Trading above key Exponential Moving Average (EMA) levels further reinforces bullish sentiment. This combination of factors indicates a potentially strong head and shoulders pattern on the monthly chart of Lal Path Labs, suggesting a reversal from a bullish trend to a bearish one. Traders often look for confirmation through a decisive break below the neckline to validate this pattern. Always consider other technical and fundamental factors before making trading decisions.
NSE:LALPATHLABLong
by Rockstar9831
Head and SHoulder visible on Weekly Time Frame### Key Patterns 1. **Inverse Head and Shoulders Pattern**: - **Left Shoulder**: Formed around late 2017. - **Head**: Formed around early 2020. - **Right Shoulder**: Formed around early 2023. - This is a bullish reversal pattern suggesting a potential upward movement. 2. **Neckline**: - The horizontal line connecting the peaks of the shoulders and the head, which has been broken recently indicating a potential upward breakout. ### Indicators 1. **Volume**: - A spike in volume can be seen around the time of the breakout, which adds credibility to the breakout. 2. **RSI (Relative Strength Index)**: - The RSI divergence indicator below the main chart shows bullish signals at various points where the stock was oversold (RSI near 30) and has moved upwards. - Current RSI is around 54.61, which is in the neutral zone, suggesting there is still room for upward movement before becoming overbought. ### Trendlines - An upward sloping trendline is drawn from the bottom of the head to the recent price action, indicating an ongoing uptrend. ### Price Levels - **Current Price**: 127.25 INR - **Support Levels**: Around the neckline level (~95.00 INR) and previous low points. - **Resistance Levels**: Previous peaks and psychological levels such as 168 INR, 200 INR, etc. ### Analysis Summary - **Bullish Signal**: The inverse head and shoulders pattern, a recent breakout above the neckline, and the confirmation with increased volume are strong bullish signals. - **RSI**: The RSI is in the neutral zone, allowing for potential further upward movement. - **Trendline**: The upward trendline suggests continued bullish momentum. ### Trading Strategy - **Entry Point**: Consider entering around the current price level (127.25 INR) or wait for a slight pullback to the neckline (~95.00 INR) for a safer entry. - **Stop Loss**: Place a stop loss slightly below the neckline (~90-95 INR) to manage risk. - **Target Price**: Look for resistance levels as potential target points, starting with 150 INR and moving upwards. This chart indicates a positive outlook for Autoline Industries, given the technical patterns and indicators. However, it is important to consider overall market conditions and other fundamental factors before making any trading decisions.
NSE:AUTOINDLong
by brijmohan_h
BPCL [cup&handle] Bharat Petroleum Corporation Limited (BPCL) on a weekly timeframe. The chart shows a series of cup-and-handle patterns, which are bullish continuation patterns. The price has recently broken out of the last cup pattern, indicating potential bullish momentum . 1st Target (1st TRG): The price level around 344 INR is marked as the first target. The stock price has recently touched this level and faced some resistance. 2nd Target (2st TRG): The Fibonacci extension is marked as the second target range, between approximately 400 INR to 440 INR. Volume Analysis: The volume has increased significantly during the breakout, which supports the validity of the bullish move. Support Levels: The previous resistance level, now turned support, is around the 270 INR to 280 INR range. This is the bottom of the cup pattern. Immediate Support and Resistance: Current Price: 307.60 INR. Immediate Resistance: 344 INR (1st TRG). Immediate Support: Around 270-280 INR. Two scenarios :- Bullish Scenario: If BPCL maintains its bullish momentum and breaks above 344 INR, it could move towards the 400-440 INR range. Bearish Scenario: If the price fails to sustain above 344 INR and falls below 270 INR, it might retest lower support levels, potentially around 240 INR or even lower. Targets: If the price manages to break and sustain above 344 INR, the next target range would be 400-440 INR, as indicated by the Fibonacci extension. for MORE check in my Tv-id in.tradingview.com If You LIKE👌👌 MY study ......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:BPCLLong
by asAMOLSUTAR
JAYAGROGN - INVERSE HEAD AND SHOULDER PATTERN WITH STRONG VOL BOHi All, This idea is related to Jayant Agro Organics Ltd Fundamentals: The Company is mainly engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals. Market Cap - 962 Cr Stock P/E - 18 Book Value - 181 Promoter Holding - 67% EPS - 17.6 Debt to Equity - 0.29 ROE - 10% ROCE - 12.2% Dividend Payout - 23% Technicals: This counter has shown all important characteristics of a perfect Inverse Head and Shoulder Pattern. Left Shoulder is deeper than right whereas the head is deepest. Volume price also concurs to the pattern that with every rise volume was low whereas each decline, the volume associated was high Most importantly, during neckline breakout, the relative volume was very high which is the most important aspect to avoid false breakouts. The stock price has advanced more than 3% from the neckline, cementing the continuation of the breakout This is a weekly chart, so before taking the trade it is advisable to let price action be pulled back to nearest Moving average & then take a trade If you like my analysis please comment and let me know your thoughts, Happy Trading! Thanks, Stock-n-Shine
NSE:JAYAGROGNLong
by Stock-n-Shine
SANOFI - Multi year breakout setup - Swing/InvestmentThe analysis is done on Weekly TF hence price may take few weeks to several months in order to reach the targets. Trade setup is explained in image itself. Also look at the charts of its peers analysed in below link The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:SANOFILong
by TradewithAditya
LALPATHLAB [Head and Shoulders Pattern]A trendline has been drawn showing the expected bullish trend (green solid line), with an alternate path shown (blue dotted line) indicating potential short-term fluctuations before reaching the target. 1)Head and Shoulders Pattern: Left Shoulder: Formed around June 2022. Head: Formed around October 2022. Right Shoulder: Formed around February 2024. Neckline: The horizontal resistance line around the 2,800 level, which is crucial for confirming the pattern. The stock has recently broken above the neckline (around 2,800), indicating a potential bullish reversal. The target price is calculated by measuring the distance from the head to the neckline and projecting it upward from the breakout point. The approximate target price, considering the height from the head (1,800) to the neckline (2,800), would be 2,800 + 1,000 = 3,800. for MORE check in my TradingView ID If You LIKE👌👌 MY Idea ..Boost.its please🔥🔥🔥. "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:LALPATHLABLong
by asAMOLSUTAR
SWING IDEA - WELSPUN LIVINGWelspun Living , a company engaged in the home textiles and furnishings sector, presents a potential swing buying opportunity based on several technical factors. Reasons are listed below : The repeated testing of the 155-165 zone suggests the establishment of a robust support/resistance level. A potential breakout from this range could signify a notable market movement. Head and shoulders patterns are often seen as trend reversal patterns. In this case, if there's a head and shoulders pattern forming, and if it's confirmed with a breakout, it could indicate a reversal from a downward trend to an upward trend. An engulfing candle formed in weekly timeframe followed by a doji candle typically indicates a potential continuation in the prevailing market trend. Breakouts from long-term consolidation zones can lead to significant price movements, as they indicate a shift in market sentiment and a breakout from a period of indecision. Consistently forming higher highs is a characteristic of an uptrend and suggests that buyers are in control of the market. Increased trading volume can confirm the strength of a price movement. If volumes are increasing as the price moves higher, it suggests strong buying interest. Target - 185 // 215 // 255 Stoploss - weekly close below 137 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:WELSPUNLIVLong
by Visionary_Growth_Insights
3
USDJPY confirms inverse head & shoulders during four-day uptrendUSDJPY rises to the highest level in a week while crossing a downward-sloping resistance line from late April, now immediate support near 156.10, amid a four-day winning streak early Tuesday. In doing so, the Yen pair confirms an inverse head and shoulders bullish chart pattern by extending the previous week’s rebound from the 200-SMA. It’s worth noting that the bullish MACD signals and an upward-sloping RSI (14) line, not overbought, also keep the pair buyers hopeful. With this, the quote approaches the mid-month peak surrounding 156.80 before challenging the monthly high of around 158.00. Following that, the 160.00 threshold, the yearly high of 160.20 and the year 1990 top of 160.40 can test the bulls during their run-up toward the theoretical target of the aforementioned inverse head and shoulders bullish formation, namely 162.50. Meanwhile, the USDJPY pair’s retreat remains elusive unless breaking the neckline of the stated bullish chart formation, close to 156.10. In a case where the Yen pair drops beneath the 156.10 resistance-turned-support, it will defy the inverse head and shoulders and can quickly revisit the 200-SMA support of near 154.60. It should be observed, however, that the bullish bias remains intact as far as the pair stays beyond a two-month-old ascending support line, near 152.45 as we write. Overall, the USDJPY pair braces for a fresh record high while confirming a bullish chart formation. Any pullback, backed by the downbeat US data and softer yields, remains unimportant until the pair exceeds 152.45.
by MTradingGlobal