after a long down trend jindal stainless is attempting to reverse the trend , on its previous two attempts in the near term it has failed but this time it has shown a strong bullish sign with a hammer candle following with the confirmation gap up bullish long candle , time to go for LONG in this stock it also tries to form a head and shoulder pattern with the...
The DXY index is trading in a tight range for the past few days. It is in the process of forming a potential head and shoulder pattern. Also trading around a strong trendline and multiple support zone based on price action. Market is awaiting cues to make a major move on either side. Hence, wait for our updates to instigate a perfect trade.
A Reverse H&S pattern is developing on 4h charts. Enter onlt when the neckline is broken with volume and there is a re-test.
We are looking at the developing Reverse Head and Shoulder pattern. Never take a position on a half-completed pattern. Only when it crosses $640 and corrects back to ~$640 levels can we look at a target of $730
A very small timeframe call on ETH on 1 hour timeframe. We may be looking att he development of a H&S pattern. Though I am bearish on ETH at the time being but price seems to hold well. It is continuously getting tested at $625. As with any H&S pattern wait for the completion of the Right Shoulder. we would see price breaching $625 and then a retest which would...
Downside target: 140 (Education and learning purpose)
WTI crude has break the neckline of Head and soulder pattern on daily charts, also it has formed bearish engulfing pattern on weekly charts which is a bearish signal. Next support will be near 58.50.
The stock was in downtrend and making lower low since last 2 years. It is showing sign of reversal now and formed classical inverted Head and Shoulder pattern. It has broken the neckline significantly and also short term trend line. One can conclude that that it wants to go up now. Recent budget reaction provides an opportunity to accumulate the stock for...
The stock has formed a classical Head & Shoulder Pattern and trading below the neckline. One can expect the price in price range 3200 - 3175 in coming days. It does not need much explanation.
i feel that the stock can be good to hold for a short time span as the indicators are bullish and overall trend looks enough positive by keeping a trailing stop loss would like to go long on this stock !!!!!!! for atleast upto next 2 months!
I will like to short pvr at high for target 0f 1250 1230 1200
Amazing Breakout and this kind of breakouts are very powerful! So, 15% to 20% upside is eminent!
There is a Less Probability of Neckline Breakdown of the Ascending Head & Shoulders of NIITTech since the company is Fundamentally strong, but you never know! I do see more upside in this stock! For long term investors 600 could be reached within couple of years!
BANKNIFTY : EDUCATION : Head & Shoulder Pattern Explained in the chart Disclaimer : Not a recommendation - Education Purpose only Cheers
The stock has formed a nice Head & Shoulder pattern after uptrend. We can expect the price to reverse now and take advantage of the pattern by shorting the stock. The pattern can drag the prices to 920 - 940.
SOUTHBANK has given a head and shoulder break out pattern i.e bullish in nature, watch near dip for target 28.3/ 31 stop loss below 20.
ENGINEERS INDIA have broken its support line on daily chart. Also, its has formed 'Head and Shoulders' pattern. Though RSI looked oversold, but it is going to fall to level of around 139 in short term. Please comment, if you feel any change/addition to my view :)