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Head and Shoulders

Infosys Ltd. Watch for Darvas Box Breakout. 📉 Current Price Action: Infosys is consolidating within a Darvas Box pattern, trading close to a 3-year-old resistance zone near ₹1,953.7. The stock is forming a base after a pullback, suggesting potential for a breakout. 📈 Trade Setup: Entry: ₹2,002.1 (above the resistance zone) Stop-Loss (SL): ₹1,707.6 (on a closing basis) Target: ₹2,335.8 (medium-term potential) 🚩 Key Observations: The stock is holding above its Key DMAs, indicating near-term strength. Consolidation near a key resistance signals a build-up for a breakout, but volumes need to support the move. If the breakout fails, watch for price action near the lower support zone (₹1,707) for signs of reversal. ⚠️ Caution: Wait for a confirmation candle with good volume before entering. Avoid premature entries as the stock could continue consolidating within the current range. Nifty IT Sector Context: Nifty IT is showing signs of base formation after a significant pullback. A sectoral breakout above 44,317 could drive momentum across IT stocks, including Infosys. 💡Follow the price action and adjust your strategy based on market cues. A clean breakout could lead to strong upward momentum.
NSE:INFYLong
by sagartharayil
Aurobindo Pharma Futures (JAN FUT Contract)Aurobindo Pharma Futures (JAN FUT Contract): Pattern Identification: The chart showcases a Head and Shoulders (H&S) reversal pattern, which typically indicates a potential upward breakout after a downtrend. Key levels include a breakout above the neckline (yellow trendline), followed by potential targets labeled as TP1 and TP2. Entry Point: Enter a long trade upon a confirmed breakout above the neckline. Ideal entry: Above ₹1,260–1,265 with strong volume confirmation. Stop-Loss (SL): Place a stop-loss below the right shoulder or below the head, depending on your risk appetite. Recommended SL: ₹1,240 (below the recent low to minimize risk). Target Prices (TP): TP1: ₹1,291.80 (First target based on prior resistance). TP2: ₹1,365.40 (Second target based on measured move from the H&S pattern). Risk-Reward Ratio: Calculate risk-to-reward before entering the trade. The setup suggests a potential 2:1 or 3:1 risk-reward ratio if executed as planned. Volume Confirmation: Ensure that the breakout is accompanied by above-average volume, confirming the strength of the move. Additional Notes: Keep an eye on market conditions or external news that might impact pharma stocks. If the price fails to sustain above ₹1,260, avoid the trade to prevent false breakouts.
NSE:AUROPHARMA1!Long
by Arthavidhi
ABDL: Bullish Setup Post-BreakoutABDL: Bullish Setup Post-Breakout 🔥📈 ✅ Breakout Alert: Price broke out of a long consolidation range, signalling strong momentum. ✅ Retest Success: Retested the breakout zone (~₹373), confirming it as support. ✅ Bullish Pattern: Inverse Head & Shoulders confirmed, adding to the bullish outlook. ✅ Volume Pickup: Rising volume aligns with price action, indicating strong buying interest. ✅ Above Moving Averages: Price holds above key 50 & 200 DMAs, reinforcing the uptrend. 🎯 Key Levels: Entry Zone: ₹395-396(Safe Players wait for a day close) Target: ₹471-480 (Medium Term) Stop Loss: ₹359 (Closing Basis) 💡 Risk/Reward: Risk: ~9% Reward: 38%-50% 📌 Note: This setup is for educational purposes only. Please do your due diligence before trading.
NSE:ABDLLong
by sagartharayil
UCAL Breakout with Huge Volume. Add to your WLKey Highlights 1⃣ Breakout of Consolidation: The stock has decisively broken out of a long-term consolidation range. 2⃣ Strong Volume Support: Backed by significant volume, indicating probable institutional participation. 3⃣ Above Key DMAs: Trading above critical daily moving averages (DMAs), reinforcing bullish momentum. Pattern Insights 📦 Consolidation Breakout: A breakout from a long-term consolidation box (marked in green). 📈 Ascending Channel: An ascending channel pattern within the consolidation range suggests bullish accumulation. 🌀 Bullish Patterns: Formation of an Inverse Head & Shoulders and a Cup and Handle within the ascending channel adds to the bullish narrative. Trade Plan 📥 Entry: Above ₹254.60, or on dips close to ₹230-₹220 levels. 🎯 Targets:Target 1: ₹300 🎯Target 2: ₹338.50 ❌ Stop Loss: ₹205 for long-term/positional trades. 💡 Potential Upside: A close above ₹338.50 could trigger a fresh rally, with potential targets in the ₹400-₹450 range. Key Reminder 1⃣ Market Condition: The overall market is currently bearish. Exercise caution. 2⃣ Risk Management: Position sizing and disciplined risk management are critical in the present scenario. 3⃣ Market Trends: Long setups are failure-prone if the market continues its downtrend.
NSE:UCALLong
by sagartharayil
Emmbi Industries Ltd Technically checks many boxes.Emmbi Industries Ltd. 📅 Timeframe: Daily Chart Technical Observations 1. Cup and Handle Breakout: 2. Inverse H&S 3. Base Breakout The stock has formed a classic Cup and Handle and an inverse Head and Shoulders pattern, which is a bullish continuation setup. 3. Three White Soldiers: Post-breakout, the stock formed Three White Soldiers (three consecutive bullish candles), a strong bullish indicator. Fundamental Snapshot 💼 Market Cap: ₹300 Crores (Small Cap). 📊 Current Price: ₹169. 📈 High/Low: ₹172 / ₹87.6 (52-week range). 📚 Book Value: ₹104 (Price to Book Ratio: ~1.63). 📉 PE Ratio: 29.6 (relatively higher compared to industry standards). 💸 Dividend Yield: 0.18% (low yield). 📊 ROCE: 8.43% (moderate efficiency). 📈 ROE: 6.03% (average return for shareholders). Key Levels to Watch -Entry Point: ₹172 or wait for multiyear Breakout level 175. -Stop Loss (SL): ₹129.73 (Below the handle and consolidation support). 🎯 Targets: All-Time High (ATH): ₹262.45 (Medium-to-long-term target). Strengths of the Setup ✅ Volume Confirmation: Breakout backed by rising volumes, indicating strong market interest. ✅ Trend Alignment: Stock is trading well above the 50-day and 200-day moving averages, supporting the bullish trend. ✅ Healthy Consolidation: The long consolidation before the breakout reduces the chance of a false move. Risks and Considerations ⚠️Microcap Company. ⚠️ Valuation Concerns: PE ratio (29.6) is on the higher side, indicating the stock might be overvalued compared to peers. ⚠️ Dividend Yield: At 0.18%, the dividend yield is minimal, which may not attract dividend-seeking investors. ⚠️ Broader market conditions (e.g., Nifty 50, Nifty 500) should support bullish sentiment 📉. Trading Plan 📌 Buy Above: ₹172.0 or wait for breakout of 175 📌 Stop Loss (SL): ₹129.73 (Strictly on closing basis) 📌 Targets: Medium-Term: ₹262.45 🎯 📊 Watch for a pullback retest of ₹159.00 with rising volumes. It can be an excellent re-entry or adding opportunity. Do not forget to position size since the SL is extremely Deep. Risk management is the key here. Market conditions are bad and unpredictable. Please excuse Ttypos if any.
NSE:EMMBILong
by sagartharayil
Classic head & shoulder now 1473 looks attractive Natco PharmaHi Investor, Chart looks attractive stock near 52 week's high. Today pharma index supporting advise. Stop loss and target as mentioned on chart. Correction done in Natco pharma. Inverted Head & shoulder is formed when recent down trend gets reversal. In Natco Pharma same condition is forming. Have Patience to wait in the stock with strict stop loss. I or you never know future it is just projections of future. Trade at own risk I am not advisor better Observe stock performance to gain in future and stick to condition of Inverted Head & Shoulder pattern only. Well wisher Happy Investing
BSE:NATCOPHARM
by Rachitstock
1
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