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Head and Shoulders

ONGC I OIL Burning Bright : Inverted H&S Pattern!!Hello Traders, - ONGC is trading at a place called AOI (Area of Interest) A place from where price usually reverses. - 218 levels is acting as a strong support pushing prices higher after a intraday low of about 3% making a big pin bar candle on 1D chart - Inverted head and shoulder on 15m timeframe. PRO TIP/- The Entry Line is the Neckline of the inverted Head and shoulder. Target 1:- 228 Target 2 :-231 Entry Criteria Strong Close above Entry Line (225) 15mins TF Stoploss Entry Candle Low (not more than 0.8%) Not an Investment Advise
NSE:ONGCLong
by REUBEN_EUSTACE
More fall expected in Nifty?NIfty has formed a bearish head and shoulder pattern, whose neckline has broken recently. Further, it was rejected from a downtrend line during its last swing. 21800 can act as next support, while 21450-21350 is the pattern target range as well as support zone. If it can't hold these levels, a fall to 20350 levels is imminent to cover the gap formed earlier. Interestingly, this zone is also the target indicated by the pattern. But can it reach directly to these levels? It may not. Its very common in the market to have relief rallies after a fall. So the market may retest previous support levels of 22500 before determining its direction. Let me know your thoughts on this. If you found this helpful, like this post. Follow me for more such updates.
NSE:NIFTYShort
by jayaprakash99
IRCTC - BULLISH & BEARISH BIASSymbol - IRCTC CMP - 900 IRCTC is currently trading at an interesting zone. After a good rally in the last year, This stock is following a trendline resistance making lower - lows price action & showing no strength of price growth. I am tracking this stock from quite some time. I will be interested in long positions on breakout of 940-950 resistance zone. I will be even more interested in shorting this stock if this stock breaks 850 on downside & sustain below it as it stock is making a Head & shoulders pattern in larger time frame. Such patterns tends be more accurate on larger time frame & don't fail if gets activated. This pattern will get activated if price break neckline on the downside then I will be shorting futures for more downside targets. What will happen? Only the time will tell. My job is to keep it on radar & enter in longs above 950 & enter in short below 850.
NSE:IRCTC
by akshit_official
5
PNB Gilts Might CorrectPNB Gilts might correct in recent days to come. Here are the technical reason : 1)Trading below 20 EMA & 50 EMA on daily chart 2)Head & Shoulder Pattern formation on daily chart 3)On Monthly chart it's negative with 117.8 as last month low(August) which is an important support level. (Note: Not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:PNBGILTSShort
by GauravPrasad_GP
Bombay Burmah Trading Corp - Head & Shoulder Pattern & Retest!!Bombay Burmah had given breakout of Head & Shoulder pattern and now has entered retest zone on a monthly time frame. It is looking good and can move towards our targets as mentioned in the chart. Other factors: 1. Monthly Time frame set-up : Head & Shoulder Patter breakout and retest on a larger time frame is much stronger set-up. On a smaller time frame it can come down till support level given market conditions. 2. Stock price is taking EMA 20 as a support on MTF 3. Holds 50% in one of the largest FMCG Co. Britannia - FMCG sector should revive and should give tailwinds to this stock. 4. Hold many dimensional business and EPS is increasing on a YoY basis Keep this stock in your radar!! Keep following @Cleaneasycharts as we provide Right Stock at Right Time at Right Price !! Cheers!!!
NSE:BBTCLong
by Cleaneasycharts
2
Mastering the Head & Shoulders Pattern: A Powerful Chart PatternHello Traders! Today, we’ll be diving into one of the most powerful chart patterns — the Head & Shoulder Pattern . It’s widely used by traders to spot trend reversals, particularly from bullish to bearish trends. If you’re looking to refine your technical analysis, understanding this pattern will significantly boost your trading edge. Understanding the Head & Shoulder Pattern The Head & Shoulders pattern consists of three peaks: the Left Shoulder , the Head (the highest peak), and the Right Shoulder . It indicates a trend reversal , usually occurring after a strong uptrend. Left Shoulder : The price rises to a peak, then declines. Head : The price rises higher, forming the highest peak, before pulling back again. Right Shoulder : The price rises again but fails to reach the height of the Head , followed by a decline. Key Elements for Confirmation: Neckline : A key support level formed by connecting the lows of the left shoulder and right shoulder. Breakout : Once the price breaks below the Neckline , the pattern is considered complete, signaling a potential sell-off. Trade Setup Based on Head & Shoulders: Entry Point : Enter a trade when the price breaks below the Neckline , confirming the pattern’s completion. Stop Loss : Place your stop loss just above the Right Shoulder to limit risk. Targets : Measure the distance from the Head to the Neckline and project it downward from the point of breakout for the target levels. Example: Nifty 50 Head & Shoulder Pattern In the chart, we can see the Nifty 50 forming a Head & Shoulders pattern . After the breakdown below the Neckline , the target levels are identified on chart please follow same if you see this chart pattern anywhere, indicating a potential move downward. Why is This Pattern Effective? The Head & Shoulders is highly regarded because of its clear structure and reliability in predicting bearish reversals. It helps traders identify when the market is likely to turn, giving you the opportunity to enter trades at the right time. Conclusion: The Head & Shoulders pattern is a powerful tool for identifying trend reversals. When used with additional tools like volume analysis and support/resistance levels , it can enhance your trading decisions. Always remember to use a stop loss to protect your capital and consider multiple timeframes for confirmation. Happy Trading! 😎📉
NSE:NIFTYEducation
by TraderRahulPal
Ethereum at a Critical Turning Point: Head & Shoulder PatternEthereum Technical Chart Study Ethereum is showing some interesting price action. It recently took resistance from its resistance zone and is now forming a classic Head & Shoulder pattern—a structure often signaling potential reversals. Currently, the price is sitting right at the neckline of the Head & Shoulder pattern. If this neckline breaks, it could lead to further downside movement. Looking below, there’s some key support to watch: 1. The 2800 resistance zone, which Ethereum broke out of earlier, hasn’t been tested yet. This zone might now act as a strong support if the price moves downward. 2. There’s also a trendline support in play, adding another layer of potential price stability. So, what’s next? If Ethereum breaks the neckline, we could see the price fall towards the 2800 zone or possibly to the trendline support. These are the levels to keep an eye on for the next big move.
CRYPTO:ETHUSDShort
by khanrafat20
Nifty 50 | Head &Shoulders Pattern – A Breakdown Ahead?Hello everyone! I hope you all are doing great in life and in your trading . Today, I have brought an in-depth analysis of Nifty 50, focusing on a powerful Head & Shoulders pattern that is currently forming on the charts. This pattern is known for signaling a bearish reversal, which increases Supply in the market pushing prices downside. If this pattern plays out as expected, we could witness a strong Downside move in the coming sessions. Currently nifty is trading at 23,340 levels Where previously buyers had shown interest pushing the market gap up following this pattern is selling pressure these buyers could Exit their position Pushing prices to 23,232 (Target 2) and 23,134 (Target 3). Disclaimer:-This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions. If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
NSE:NIFTY
by REUBEN_EUSTACE
Redington Ltd – CNH & Inverse H&S Trade with Caution!🚀 Pattern Highlights Cup and Handle & Inverse Head and Shoulders: Redington is showing a potential Cup and Handle (CNH) formation alongside an Inverse Head and Shoulders, signaling a breakout at ₹238–₹240. 📊 Technical Levels Entry: ₹238–₹240 (Breakout Level) Stop Loss: ₹181 (24% below, on a daily closing basis) Target: ₹340 (~42% upside, positional/medium-term) Risk-Reward Ratio: ~1:1.75 🕵️‍♂️ Observations 1️⃣ The stock is trading within an ascending channel, forming higher lows. 2️⃣ It's below its 52-week high but not correcting much during this bearish phase. 3️⃣ The channel top may act as a key resistance. 4️⃣ Still in Higher High (HH) and Higher Low (HL) format while many other stocks have transitioned to Lower High (LH) and Lower Low (LL) structures. 5️⃣ Volume confirmation will be crucial for a breakout. ⚠️ Risks to Consider Market Sentiment: Current market conditions are bearish, with indices correcting and most sectors showing weakness. Bearish Transition?: No confirmation if this is a bull market correction or the start of a bear market. Earnings Season: Quarterly results are around the corner, which could bring surprises. 📌 Why Risk Management Is Key Example: Newgen Software recently broke out at ₹1,548 (ATH), moved ~15%, but then plunged 41% in just 9 trading sessions, trapping bulls. Solution: Trade light with 7–10% of your usual position size (e.g., buy 7 shares if you usually buy 100). This limits risk while keeping you involved. 🏁 Conclusion Trade cautiously: Position size, risk management, and patience are your best tools here. If the stock doesn’t fall further, it could be an ideal candidate when the market reverses and bottoms out. For Beginners: Avoid this trade for now. Add it to your watchlist and observe. ✨ Final Thoughts Redington is trading tightly above its key DMAs with narrow-range candles. This indicates strength despite market weakness. Watch closely for a breakout confirmation. 🔍 Disclaimer This is not financial advice. Do your own research (DYOR) and consult a financial advisor before making investment decisions. Trading involves risks, and capital is at stake. This idea is shared for educational purposes only.
NSE:REDINGTONLong
by sagartharayil
#REDINGTON - Potential Break Out / Feb'25📊 Script: REDINGTON Key highlights: 💡⚡ 📈 IH&N Formation in Weekly chart. 📈 IH&N Formation in Daily chart also 📈 Went into a Side Ways consolidation for over a Nine months. 📈 Volume spike seen in past 📈 MACD Cross Over. 📈 One can go for Swing Trade. 🟢 If you have any questions regarding the setup, please feel free to leave your inquiries in the comments, and I will respond promptly. BUY ONLY ABOVE 233 DCB ⏱️ C.M.P 📑💰- 226 🟢 Target 🎯🏆 – NA% ⚠️ Stoploss ☠️🚫 – NA% ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅#Boost, #Like & #Follow to never miss a new idea! ✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with MMT. Cheers!🥂
NSE:REDINGTONLong
by MMT_MakeMoneyTrading
#SHIVALIK - Potential Break Out / Feb'25📊 Script: SHIVALIK Key highlights: 💡⚡ 📈 IH&N Formation in Weekly chart. 📈 IH&N Formation in Daily chart also 📈 Price gave a good up move. 📈 Went into a Side Ways consolidation for over a Two months. 📈 Volume spike seen in past 📈 MACD Cross Over. 📈 One can go for Swing Trade. 🟢 If you have any questions regarding the setup, please feel free to leave your inquiries in the comments, and I will respond promptly. BUY ONLY ABOVE 850 DCB ⏱️ C.M.P 📑💰- 783 🟢 Target 🎯🏆 – NA% ⚠️ Stoploss ☠️🚫 – NA% ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅#Boost, #Like & #Follow to never miss a new idea! ✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with MMT. Cheers!🥂
NSE:SHIVALIKLong
by MMT_MakeMoneyTrading