BTC FORMED HEAD AND SHOLDERS BTC having 2 ways to move
1. bullish - if breaks yellow trend line that will be massive bullishness.
2. bearish : if it losses 28250$ support will bleed till 20000$ supporting price action forming head and shoulders, weekly bearish divergence.
trade carefully at breakout.
Head_and_shoulder
Banknifty (only for min 100-300 points target)Banknifty . (Only for Experienced traders" )
Enter after " Breakout and Retracement ".
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For " long "
entry: 44620 / 45120
target: 45030 - 45250 - 45760
stoploss: 44500 / 44980
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For " Short"
entry: 44410
target: 44250, 44030
stoploss: 44580
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Enter only if market Breaks
"Yellow box" mentioned.
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Wait for proper reversal and conformation.
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Don't make complicated trade set-up.📈📉
Keep it " Simple, Focus on Consistency " 💹.
Refer our old ideas for accuracy rate🧑💻.
Valuable comments are welcomed-✌️
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Disclaimer:
Our Trading style is not to capture "10-20" points per trade.📊
We take entry only for min "100-300" points without any distractions.💹
So, our ideas may not be preferable for small traders, who just focusing on too much of support and resistance.📈📉📈
So, please consider others ideas.
This is for educational purposes.🧑💻
one year consolidation over and life time high Menon Pistons Ltd is in the business of manufacturing of auto components such as Pistons, Gudgeon Pins, Rings, Auto shafts for commercial vehicles, tractors, passenger cars and heavy duty stationery engines.
fundamental analysis
2023 Q1 beating all time high operating profit
PBT also beating all time high as follow net profit
technical chart
head and shoulder pattern breakout at 65 level
upside chance 175 level keep stop loss 55 huge risk reward ration
global market are bearish take own risk
fundamentally and chart pattern all are good healthy.
take own risk
we are not recommend for buy and sell
Head and ShoulderDistinct and clear patterns are usually good for learning price action.
Current H&S formed in bank nifty ticks all checkboxes.
1. It is formed after reasonable up trend.
2. Pattern appears clean.
3. Target is reaching a logical level of 200dma
4. Most of positive news are gone by and interest rate reduction is still 2~3 quarters delayed.
This may not be total trend reversal but around 4% downside is possible. While such move may not be useful for swing traders, it can create good buying opportunity in your favorite banking stock.
Inverse head & shoulder activated in 1 hour ?Hi All,
I already posted an idea with 15 minutes. I will give reference below.
If we see in 1 hour from 27 Jul this pattern is getting formed and rejected multiple times at upper trendline. If we draw inverse head & shoulder pattern touching with the trendline we can see breakout has happened already today.
If this retests target is previous all time high.
Always trade carefully with proper SL because it’s your hard earned money.
Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
WIPRO: Forming Reversed Head & Shoulder PatternWipro is forming a reversed Head & Shoulder Pattern.
#Current Price - 414
#Breakout Price - 425
#Expected Target - 495
#Resistance Based Targets
- Target 1 - 443
- Target 2 - 481
#Support Based Targets
- Target 1 - 414
- Target 2 - 399 (Stop Loss)
Pattern is forming on daily chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Please give a Like if you like.
Tanla Platforms Flag BreakoutA Bullish flag and Pole breakout has been confirmed with very huge volume on the daily chart of NSE:TANLA .
Daily & Weekly RSI both are in bullish zone.
One can crete fresh position in NSE:TANLA at 1090 or below with a stop loss of Rs. 1028 for 1st target of Rs, 1172, 2nd Target of 1244 and 3rd Target of 1316
The risk to reward ration is 1:3
Exit the position if the stop loss triggered on DCB.
DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME.
I AM EAGERLY WAITING FOR YOU COMMENTS ON THE STUDY...
Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Bullish Flag & Pole confirmed on EquitasA bullish Flag & Pole Breakout pattern activated on the 2 Hour chart of NSE:EQUITASBNK Equitas Small Fin Bank. One can create a fresh position in NSE:EQUITASBNK at 93 with a stop loss of Rs.89 for a target of Rs. 103.
Exit the position if the stop loss triggered on DCB.
DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME.
I AM EAGERLY WAITING FOR YOU COMMENTS ON THE STUDY...
Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Godrej Agrovet AnalysisGodrej Agrovet making a head n shoulder on weekly time frame. Greating upward trend on daily n weekly time frame.
Buying oppourity is generated on dip's below 460 to 450.
Note : All analysis are for observation and study purpose no tips or calls are been provided. Make desicion at your own risk.
Banknifty ( Weekly View ) ; BearishBanknifty (weekly )
More probability is there for "Bearish "
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For " Short"
entry: 45950 / 46200
target: 45750 / 45550
stoploss: 46270
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For " long "
entry: 46300
target: 46450
stoploss: 46200
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Enter only if market Breaks
"Yellow box" mentioned.
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wait for proper reversal and conformation.
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don't be aggressive.
.
refer old ideas attached below.
Bullish Rounding Bottom on Union BankA bullish Rounding Bottom Breakout pattern activated on the 4 Hour chart of Union Bank. One can create a fresh position in Union Bank at 79 with a stop loss of Rs. 74 for a target of Rs. 89.
Exit the position if the stop loss triggered on DCB.
DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME.
I AM EAGERLY WAITING FOR YOU COMMENTS ON THE STUDY...
Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
BAJAJHIND INVERTED H&S COMPLETESWING TRADE OPPORTUNITY
Stock has clearly formed inverse head and shoulder pattern on the weekly time frame. And it just break the neckline and to cover rest of the journey as per the pattern. This stock seems good for mid term view.
Disclaimer :- This is just for educational purposes. Do your own research before investing in any kind of securities.
GMX 👀BINANCE:GMXUSDT.P
Pull back on head and shoulders pattern breakout.
Long 5x -10x
Entries - 57.00 -55.43
Targets 61.90 63.40 67.30
Sl-52.00
1% of your capital only highly recommended. If not don't take the trade.
We closed above 59.15 ,good bullish sign ,we trying to catch up the pull back and ride the next rally⬆️.
An Analysis in Harmony Top-Down Approach chart studyHello Friends,
Today, we have something special in store as we take a top-down approach to analyze a specific stock - Tata Communications in the world of trading. By employing this multi-time frame method, we'll be diving into various charts, starting from the big picture down to smaller timeframes.
Before we begin, please remember that trading carries risks, and past performance does not guarantee future results. The analysis we're about to discuss is for educational purposes only and not financial advice.
Alright, let's kick off our analysis with the big picture - the monthly chart of Tata Communications. Here, we've identified an exciting Elliott wave count - the third wave of the fifth wave. According to Elliott wave theory, markets move in a series of five waves in the direction of the main trend, followed by three waves in a corrective direction. The third wave is well known for its strength and often the longest in a trending market. So, on the monthly chart of Tata Communications, we're witnessing this powerful third wave within the fifth wave, indicating potential significant moves ahead for the stock.
Next, we'll move down to the weekly chart to gain more insights. On this timeframe, we observed a thrilling development - the "inverted head and shoulders" pattern. This pattern aligns perfectly with the larger Elliott wave count on the monthly chart, supporting the idea of a trend reversal and a potential new uptrend for Tata Communications.
Finally, we'll zoom in even closer to the daily chart. Here, we have another intriguing pattern - a "flag and pole" pattern in the forming stage. This daily pattern further reinforces the notion of an upcoming bullish move for Tata Communications, in line with both the weekly inverted head and shoulders breakout and the monthly Elliott wave count.
On daily time frame Flag and pole chart patterns, flag in formation and still breakout is pending
By utilizing the top-down approach, we've gained a comprehensive understanding of Tata Communications' potential direction. The monthly Elliott wave count provided us with the big picture, the weekly inverted head and shoulders confirmed the trend reversal, and the daily flag and pole pattern hinted at a continuation of the upward movement for the stock.
But remember, trading involves risks, and there are no guarantees. So, it's essential to approach it with caution and use risk management strategies to protect your capital.
In conclusion, we've taken a top-down approach to analyze Tata Communications, considering the monthly Elliott wave count, the weekly inverted head and shoulders breakout, and the daily flag and pole pattern in the forming stage. Keep a close eye on these patterns and the stock's price action, and remember to trade wisely and make well-informed decisions.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Thank you for joining us on this exciting trading journey !
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Head & Shoulders Trade | KOTARISUGKotarisug after multiple rejections, has been broken out of a neckline resistance with good volumes. With a solid base, chances of a successful breakout & follow-up increases.
Points to note before initiating Long:
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1. An inverse H&S base with multiple touches to the neckline, respecting that resistance.
2. Volume pick up near the Right Shoulder, after a period of inactivity : big buyers incoming
3. A breakout of the neckline with good volumes.
Considering these points, long trade initiated as follows:
Entry CMP - 41.9
SL 38.75
Targets of 49.8 (Pattern Height)
Disclaimer: Always trade with proper money management & analysis. Always enter SL first.
Banknifty ( next week contract )Banknifty ( Next week contract )
More probability is there for " 44500 "
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For " long "
entry:44950
target: 45180 / 45500
stoploss: 44900
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For " Short"
entry: 44740
target: 44550
stoploss: 44950
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Enter only if market Breaks " S & R Zone "
"Yellow box" mentioned.
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wait for proper reversal and conformation.
.
don't be aggressive.
.
refer old ideas attached below.
Banknifty ( Next week contract )Banknifty ( 13/07/2023 )
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For " long "
entry: 4250
target: 45500
stoploss: 45000
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For " Short"
entry: 49950
target: 44750 / 44500
stoploss: 45250
.
enter only if market Breaks " S & R Zone "
.
wait for proper reversal and conformation.
.
don't be aggressive.
.
refer old ideas attached below.