Nifty 50 - Inverted Head and Shoulders Pattern with Fresh Buying Signals (as of 23-04-2024)
This chart analysis highlights the emergence of an inverted head and shoulders pattern in the Nifty 50 index, indicating a potential bullish reversal. The pattern consists of three troughs, with the middle trough (the head) being lower than the two surrounding troughs...
CDSL has been in an amazing bull run since last 2 years because of the growing investment in Indian stock market.
Stock has formed a beautiful inverted head and shoulders pattern near ATH.
A breakout of the pattern will bring more bullishness in the stock.
I would rather prefer adding on dips than having a close SL in such stocks.
Hindustan zinc has given big breakout of inverted head and shoulders pattern in monthly time frame. A monthly closing above 330 would confirm the same.
This breakout is mainly because of the shooting zinc prices and growing war tensions.
350-370 is the best price to accumulate the stock.
The volumes are also at multi year high.
If you trust anil agrawal's vision...
Good volume buildup in daily timeframe.
H&S pattern trendline line breakout with good volume.
Enter only when the high gets broken and price sustaining above the high.
NOTE: i do my analysis, do your before trade.
Solara is a loss making pharma company which has been consolidating in a tight range from last couple of years.
If stock sustains above 500, we might see quick movement like the one we saw in Wockhardt & SPARC.
Company doesn't have good fundamentals, so keep it as a trading position and less amount if you want to.
Nifty after the upmove formed a continuation H & S but the breakout did not succeed and settled in a expanding triangle.
Likely to be in sideways for a while. Range trading is wht we need to do now
BPCL long term trend is looking bullish. Fibo between the golden retracement plus it has rejected & reversed the head & shoulder pattern along with macd crossover. Above the 100 200 EMA. Cant ignore this price action, 15% upside clearly visible in 4-6 weeks time.
Follow the below levels.
Target1 611
Target2 628
Target3 647
Target4 666
Target5 688
Target6...
Nifty IT index (CNXIT): it has recently experienced a breakout to the downside from a head and shoulders pattern, indicating potential bearish momentum. This pattern typically signifies a reversal of the previous uptrend, suggesting a possible downturn in the IT sector. Traders may consider adjusting their strategies to account for the increased likelihood of...
REPCO Showing good strength in Daily tf and also showing good structure in lower tf (2h).
Made an Inverse Head & Shoulder pattern.
Tgt range should be 500 if market situation remains in bull's favour.
Stop loss should be shoulders low around 430.
NSE:NAVINFLUOR Stock is likely to break out of an inverse head & shoulder pattern.
Buy above 3265 rupees.
Target 1 is 3300 rupees.
Target 2 is 3400 rupees.
Stoploss below 3030 rupees (One Day Candle Closed).
Head and Shoulder is a bearing pattern. ACI seems to be negating H&S pattern by breaking the trendline in chart & RSI in daily chart with volume. Trendline between head & right shoulder top yet to be broken. Closing above 690 (Right shoulder) would confirm that bearish pattern is negated
NSE:NAVINFLUOR - Daily Chart analysis
Price Vs RSI divergence seen on daily chart
Price Vs MACD divergence seen on daily chart
Bullish Head and Shoulder Pattern seen on daily chart.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult...
Lauruslabs has given a good breakout of trendline and horizontal resistance with volume.
Stock is looking strong for a reversal and can fly towards ATH if market supports.
Keep in watchlist.
It has good consolidation breakout in 2hr timeframe. Keep accumulating it for the good higher target if sustains on the given levels. Keep trailing SLs as per your needs.
Hindustan Copper has long consolidation pattern and now given good breckout with the volumes. Again it has my favourite pattern. Slanted inverted head & shoulders pattern. 260-265 will be good accumulation zone for this stock. It’s for long term investment or swing purpose.
Target1 339
Target2 415
Target3 466
Target4 522
Target5 586
Target6 658
DISCALIMER: I...
💎 Paradisers, it appears that #ICXUSDT has formed an inverse head and shoulders pattern, which often signifies a potential bullish reversal.
💎Should #ICXUSDT successfully breach the resistance level, it would confirm the inverse head and shoulders pattern, potentially leading to a bullish movement.
💎In the event of a pullback, we may anticipate a bounce from the...
Classical head & shoulders pattern formation in coforge. Above 6000 it may rally as per the charts analysis. It may consolidate around 6000-6100 mark ones its taken out there will be good levels. 6000 7000 8000 9000.
