INTELLECTINTELLECT:- Head and shoulder pattern has formed, wait for breakout, till then keep your 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.
Head_and_shoulder
Head and Shoulder in Sun Pharma (09/05/23)Perfect Head and shoulder break down can be there in the Sun Pharma stock. It is trading around the neck line.
Sun Pharma is in the sell zone, as the market has retest the recent 50% fib levels.
This stock never fails to respect the fibonacci levels.
It has been consolidating and on the daily charts it has formed a gravestone doji. Stock is near it 200 DMA and if it breaks down below the zone the moving average will also be passed.
Stop loss and target levels are provided in the chart itself.
Wait for the price action near the price levels before entering the markets.
APTECHTAPTECHT:- Head and shoulder pattern is formed on weekly chart, breakout candle is also strong, wait for retesting, if you want to plan something, take care of all time high 449.75, 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.
BHARTIARTL UNDER BEARS SPECTRUM !!!!Chart Patterns insist me the above titled opinion
REASONS
1. BhartiArtl has been trading inside a Ascending channel pattern(bright red & green trendlines )and right now down swing move is under process(in the form of descending channel)
2. In the weekly time frame , it looks alike a Bearish pennant formation and given breakdown out of consolidation(shown below)
3. In the daily timeframe , Head & Shoulders pattern too visible (shown below)
4. There is Consolidation zone(in form of a rectangle box).
5. SL can be day candle closing above 796 (candle escaping out of the box)
6. Target - 730,717,700
7. Strong support down near 675 levels(rectangle box shown)
Let's see how it moves!!!
NOTE - Just sharing my view....not a tip nor advice!!!
ASTRAL LTD : AN EXCERCISE FOR ALL Who else See a Head n Shoulder Pattern on chart of Astral Ltd . I have intentionally not mentioned the entry level and the target. Let's make it a mutual exercise for everyone on this forum. If you are also seeing , the same pattern, please mention right entry point and targets , in your opinion , in the comment section.
Don't forget to boost my study.
Good luck !!!
banknifty tomorrow trade setup if banknifty open between 40945 and 41100, and market hold some time between them and it breaks 40945 level, it may come down to 40800 level. and when it breaks level 40800 then it may come to 40600 with very fast move as there are lots of entry for upside and there will be sl of the traders.
Vedanta At Breakout ?Vedanta's stock may be reversing its downtrend and starting an uptrend. Technical analysis shows a potential reversal head and shoulders pattern forming in the stock chart. This pattern signals a possible trend reversal when a stock is in a downtrend. It consists of three peaks, with the middle peak being the highest and the other two being lower and roughly equal in height. The pattern is completed when the price breaks above the neckline. Vedanta's stock chart shows a formation that resembles the reversal head and shoulders pattern. If the pattern is confirmed and the price breaks above the neckline, it could signal the start of an uptrend.
Reliance - Looking week
Reliance Stock analysis report.
Reliance has formed Head and shoulder on Two years trend (around 2400 levels).
Resulting in downtrend and showing signs or testing 1800 Levels.
While Having this in mind
It has also formed Head and shoulder (Smaller one) supporting bigger one.
Target 1 - 2200 has been met and now sideways around this level.
Further breakdown will take it down to 2160 levels...
Post 2160, stock can be analysed about retesting 1800 levels.
Thermax - Short term long TradeGood Short term trade - Analysis report.
Has formed a good Inverted head and shoulder :) and over all uptrend is intact... guess stock has long way to gooo....it is just start.
Buy nearer stop loss around 2250 or Near neck line as stock may come to retest the neck line(If we have patience :).
and consider neck line was SL
Target 2600+ ..
Keel Trailing stop loss with T1/T2/T3
Risk to Reward is 1:6 which is very good.