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Head and Shoulders

Bajaj Health Care now 431 looks good on chart Key Point in chart: (1) New support : 431 which was previously a resistance, now broken with volume. Target 1 : 490 , Target 2 : 538 , Target 3 : 602 (2) Price structure : The chart show double bottom & Inv. head & shoulder which are positive signals. A projected price rally is shown, aiming for 490 and so on. (3) Fundamental analysis : The stock's quarter on quarter earnings have increased. This is positive signal, supporting the likelihood of a breakout. (4) Stop Loss : Suggested Stop loss is at 385.
NSE:BAJAJHCARE
by Rachitstock
1
Marine Electricals-Exhibiting good Price Action. Positional Pick ✅Successfully completed a breakout and retest. ✅Demonstrating strong resilience in a bearish market. ✅Forming an Inverse Head & Shoulders pattern. ✅Gaining momentum with increasing volume and price action. ❌ The market is in a profit-booking phase. ❌ Be cautious while entering new trades. Entry: 335.5 SL: 281- Day closing basis. Risk: 16.6% Reward: 31% RR: 1:1.8 Note: This chart is shared for educational purposes only. Please conduct your own research before making any decisions.
NSE:MARINELong
by sagartharayil
M & M : Head & Shoulder Bearish pattern emergingHead n Shoulder Bearish pattern emerging in M&M. If price breaks down below 2650 then go short with Stoploss of 2900 with tgt of 2100 Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
NSE:M&MShort
by maneeshaggarwal
BHEL : bullish after this breakout INVERTED HEAD AND SHOULDER pattern Breakout - the stock has broken out of the inverted head & shoulder pattern with gap-up indicating bullish momentum for the stock till the target is reached 50D SMA SUPPORT - the price has repeatedly taken support from the 50D sma line for last few days signaling upside potential for the stock REVERSAL FROM FIBONACCI RETRACEMENT LEVEL (0.5) - price has recently reversed from the 0.5 fibonacci retracement level with perfect accuracy which denotes bullish momentum for the stock after the reversal PROFIT - the target is 266.90
NSE:BHELLong
by peace_lover
Kalyani Steels Q1 down. More pain possible ahead!!!Kalyani Steels Q1 results down double digits. Weakness shown in chart since July 15. Till now 800 held as strong support. Not sure if that support will hold further. If 800 gets broken, ~18% fall to 650. Quarterly chart RSI is still ok. But monthly, weekly chart RSI are down. Double top around 1074-1083. Head and Shoulder pattern is forming. An anomaly which I already observed during this market, bearish H&S pattern gets negated. Nifty Metals W. After reaching the cup target and then Fib target on May 21, it consolidated until Jul 8 '24 and then broke down. This month Price broken down from parallel channel as well. Kalyani Steels had a max drawdown of ~44% twice and 40% 5 times and ~20-25% for around 7 times since Feb '22. Recent drawdown from ATH is 26%. If KSL were to break 800, then as mentioned earlier there would be a 18% fall (max drawdown 44 - recent drawdown from ATH 26 = further prediction 18) where next support is at 650. Since my Avg price is 257 that too after exiting initial investment + 20% profit, I made my decision to stay put with the rest of the units. Apart from technical, fundamental reason for staying put is due to expansion plan at Odisha of 5124cr with 10K TPA capacity for aero & defense components
NSE:KSLShort
by naraykln
BAJEL -inverse head and shoulders- Good Volume -BreakoutThe chart **Bajel Projects Ltd.** (BAJEL) on the **NSE**. Key observations: 1. **Pattern:** - A clear **inverse head and shoulders** pattern. This is typically considered a bullish reversal pattern. 2. **Breakout:** - The price has broken above the neckline resistance 267 (yellow trendline), with significant bullish momentum. 3. **Measured Move Target:** - The projected target, calculated from the breakout point to the height of the pattern, is shown as **42.10 points** or approximately **15.72%**. 4. **Key Levels:** - **Support Levels:** - **233.36:** A major support level aligning with the pattern's base. - **267.00:** Previously resistance, now acting as support post-breakout. - **Resistance Levels:** - **306.80:** A key resistance level after the breakout. 5. **Volume Analysis:** - A spike in **volume** confirms strong buying interest during the breakout, supporting the bullish move.
NSE:BAJELLong
by DailyCharts03
MUHURAT TRADING 2k24 - Stocks to Add in Portfolio Happy Diwali Traders !! Here's Diwali Muhurat trading picks for 2024 NSE:SARLAPOLY Sarla Performance Fibers Ltd. engages in the manufacture and distribution of synthetic yarn. The firm also offers wind power generation. It operates through the Yarn and Generation of Wind Power segments. The company was founded on November 23, 1993 and is headquartered in Mumbai, India. Technical View:- On monthly chart it has given a strong breakout on good volume and completed a retest, CMP @94 looks Good to enter for a follow up Move Stop level should be below -50 Target levels are - 150,220,350+ NSE:GODREJAGRO Godrej Agrovet Ltd. engages in the manufacturing and marketing of animal feeds. It operates through the business segments: Animal Feed, Crop Protection, Vegetable Oil, Dairy and Other Business. The Other Business segment includes, seed business, energy generation through windmill, real estate, poultry and cattle breeding businesses. The company was founded in 1992 and is headquartered in Mumbai, India. Technical View:- The monthly chart breakout is good and now forming a Retest Of the zone, you can take a Few quantities on muhurat day but more quantities should only be added on the confirmation of retest only. CMP is 712.80 But for confirmation, we need a weekly candle close above 730 Zone. StopLoss level is 480 Targets are 950,1150,1500+ Note:- Always Use proper Position sizing rules before entering in the trade. Keep Learning, Happy Trading, Enjoy Festival.
NSE:GODREJAGROLong
by SANJAYPATIDAR_
Perfect Time for a Long Entry.Natco Pharma has clearly turned it's way now, after a fall of more than 20% from it's ATH, is has shown some good reversal confirmations, first being it has take rejection form Fibonacci 0.5 level as well as From it's Important Support Zone, Second being formation of two Bullish Chart Pattern i.e. Inverted Head & Shoulders and Falling Wedge pattern and it has given breakout of these pattern too. There are higher probabilities of it going towards a New ATH.
NSE:NATCOPHARMLong
by Trading_Mentor_Amaan
2