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Head_and_shoulder

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: ----------------------------------------------- 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.
NSE:KOTARISUGLong
by Divergent_trader
1
Inverted head and shoulder | ERISinverted head and shoulders pattern formation in stock price is resisting at neck line of head and shoulder pattern once price breaks this resistance of supply zone price expected to move upward Stock successively running in down trend making lower higher and lower lows but here trend is trying to change where it created peak of low and reverse back and again try down attempt but its over in small move price changes to up side and creating higher high and higher lows this is how head and shoulder formation created. Price down by 5 times when it comes to supply zone but this time at supply zone price not getting down but also sustaining at it higher level so we can see buyers are winning over sellers will see breakout once price breaks the blue zone drawn on chart
NSE:ERISLong
by ProfitPicks
"HCL Technology: Bullish Reversal with Inverted Head & Shoulder"Description: HCL Technologies (HCL Tech) has formed a visually striking bullish head and shoulders pattern on the price chart, indicating a potential upward trend. Traders and investors may find this setup appealing for potential trading opportunities Key Points: - Pattern Type: The pattern observed in HCL Tech's chart is a bullish head and shoulders pattern, which is a reliable trend reversal formation. - Entry Range: Consider entering the trade within the range of 1160 to 1175 for optimal risk management and potential profit capture. - Stop Loss: To safeguard against adverse price movements, set a closing basis stop loss at 1100. - Target Levels: The price targets for this bullish setup are 1360 and 1470, offering significant upside potential. Disclaimer: Please note that trading and investing involve risks, and it's essential to conduct your own analysis and consider market conditions before making any trading decisions.
NSE:HCLTECHLong
by karuneshBajpai2
10
CENTURYTEXCENTURYTEX:- Stock has formed head and shoulders pattern on daily time frame, wait for breakout till then keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
CLong
by AjayDhakad_Keep_it_simple
how to trade apcotex industries?The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend. The Head and Shoulders Bottom pattern is observed after a significant downtrend, characterized by three consecutive price declines. The middle decline forms the lowest point, known as the "head," while the other two declines form the "shoulders" at approximately the same level, but higher than the head. The pattern's volume is highest during the initial two price declines, decreasing through the right shoulder. Ultimately, the pattern confirms a reversal to a new uptrend when the price breaks above the neckline, drawn between the two highs, accompanied by a surge in volume. This breakout marks the end of a period of accumulation at the bottom and signals a shift in the trend direction. expected targets has been marked in chart. Request everyone to share, like, comment this chart for educational purpose. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:APCOTEXIND
by hardeepssethi
2