TATA CHEMICALS - Head & Shoulder Formation
Tata Chemicals is involved in the business activities of Manufacture of organic and inorganic chemical compounds.
The stock has formed a Head & Shoulder pattern on charts.
Last day selling with huge volumes indicates that there is high probability of breakdown on charts.
Watch out for Support Breakdown.
short only...
Stock is slowly falling after forming triple top. Today it broke the support zone but bounced in last 15-30 minutes.
Looks good to short in coming days.
Intraday : Looks good below 731 for few quick points
Swing : Good if 30/60 minute candle closes below 727
P.S. Zone can act as good support, so Ignore if stock starts trading above 750/755 levels
ICICI bank has formed a good head and shoulder pattern. If the stock breaks the 588 price level , we can expect a good downfall. There is strong probability stock will give a breakdown in the next trading session because bank nifty is showing weakness
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ICICI Bank is replicating what BankNifty is doing. So as Banknifty is showing weakness in all time frame, ICICI bank will also perform in the same way.
Short term trade can be initiated for 550 levels if the Neckline of the Bearish Head and Shoulder breaks.
There is the formation of an inverted head and shoulder pattern formation and channel Breakout in the chart of Bharat Forge also 50MA may cross 200MA soon and show GOLDEN_CROSSOVER but need to wait long and analyze the chart from time to time
Not any financial advice just learning more and letting others learn if any suggestion pls comment blow thanks
Head & Shoulders pattern forming on Hourly Chart of NIFTY INDEX. SELL 14549, SL 14725.10, Target(s) - 14460, 14360, 14275. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
The chart is self explanatory.
Breakouts from inverse head and shoulder pattern and retest.
Steel is the Global flavor and the price action here is very encouraging.
An Inverted Head and Shoulders pattern broke out and retested itself inside a bigger Inverted Head and Shoulders Pattern.
The same move is expected on the bigger pattern as well.
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I believe in keeping the chart simple...
* Stock has given a Inverted H & S Pattern breakout on Monthly chart .
*If we look at the volume part, significant volume activity is witnessed at the time of neckline breakout .
*Price has also trading all the important moving averages.
*Considering all technical evidences we may see good up move in Morepen Lab .
CMP-65.00 RECO-Buy Entry Range-Rs.50.00 -...
The stock has a support level @ 123-126 range.It has formed a bullish divergence in daily time frame.It also has broken both trend line in chart and RSI.Now the price has reached @ resistance with volume but not able to close above it.If it breaks and close above 135 we can expect a 1st target of 145+. You can keep Stop loss below 124(on closing basis). And also...
""Wait for a decisive breakout with substantial volume expansion""
Short Term SL 32
Short Term Target 75 (80%)
(it had already broken out)
Major Support at 34
Long Term SL 25
Long Term Target 360 (800%)
(wait for a breakout)
Plane your trade accordingly (manage position sizing)
All the best and take care.
Maruthi possible breakout, took support of 50 DMA and crossed the resistance.
Buy @7480 target ~8000 (Short Term) ~9000 (Long Term) with 7200 as stoploss.
"Wait for a Decisive Breakout"
Inverted Head and Shoulder / Large TF
Cup and Handel / Medium TF
Bullish Flag / Short TF
On the larger time frame, we have Head and Shoulder
On the medium time frame, we have Cup and Handel
On the shorter time frame, we have Bullish Flag
With Good volume activity
This trade is High Risk but has a good reward of up to 200%
Plane...
S H Kelkar & Company is involved in the business activities of Manufacture of essential oils; modification by chemical processes of oils and fats (e.g. by oxidation, polymerization etc.).
The Stock Broke a major resistance with a good volume with Inverse Head & Shoulder Formation and Rounding Bottom Formation on charts. RSI is perfectly placed at 67 levels that...
Levels mentioned on chart
Note: I haven't traded these type of pattern before also this is very aggressive entry without any solid confirmation.
If you do decide to take up the trade, manage your position size accordingly.
* A beautiful chart set up in HPL Electric Motor Ltd. when volume is exceptionally low or high, it usually pays to take a closer look.
High volume represents that big players are participating. In this stocks inverted H & S breakout with significant volume at time of breakout .
