Banknifty Inverted H&S on Daily TFBanknifty has formed Inverted H&S on daily TF. it has retested the neckline and comfortably closed above. expecting new high. minor resistance around 53800.
Head and Shoulders
Nifty daily Inverted H&SNifty has comfortable closed above the neckline of the inverted H&S on daily TF. target at 25700 approx. expecting by month end.
Angelone H&S pattern, trade it accordinglyPerfect H&S pattern on daily chart of Angelone.
Now it is up to you, how to you want to trade, take long term or want to do a trade for a very small time.
Prime Securities- Looks promising.
Forming a very good pattern. Entry-exit and SL are mentioned in the chart. Debt-free
(NBFC/Insurance/Capital Markets), company. Looks promising.
This is not a Buy/Sell recommendation. Kindly do your due diligence before investing.
Creative Newtech. Good Patterns. Keep it on the Radar.
Good structure and pattern.
- Broke out of Darvas Box
-VCP and CnH on DTF.
Entry exits are mentioned in the chart.
Volume needs improvement. This could be a good positional candidate. keep it on the radar.
The chart shared is just for educational purposes. Please manage risks properly and position size accordingly.
Kitex A good pattern in the making.-Forming a Head and Shoulders.
-Stock is in an uptrend.
It is now trading very close to ATH.
Watch the PA around this region and look for long positional opportunities once the stock crosses ATH(772).
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.
chola fin service giving a swing trade oppournityThis pattern is very good for long calls and its a reversal to bullish side and the high volume candel is the confirmation to go up so can be taken as long trade for tomorrow
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.
Metropolis rounding bottomGood long term rounding bottom formation in Metropolis. Also there is small head & shoulders pattern that can give quick 10% upside. And ones main rounding bottom breakout done there is 50% upside for ATH.
Nifty50 Day Frame Technical Charting With Pattern This is My Nifty50 Daily Time Frame Charting for edu. Purpose . This is Not For investment Advise. i am not SEBI aut. Use this Anaylsis for Edu. purpose . thankyou share like follow
IFCIINVERTED HEAD & SHOULDER PATTERN FORMATION
Neckline breakout point is @ 68.40 (roundoff 69)
Pattern target is @ 75.45
Disclaimer : This is my view & is my idea. And also it is only for educational purpose. Before buy / exit kindly contact your financial advisor
SLPUSDT: The Breakout Everyone’s Waiting For?Yello, Paradisers! 🚨 Have you noticed SLPUSDT’s recent action? After a resistance trendline breakout, it’s now consolidating while forming an inverse head and shoulders pattern with a bullish divergence—classic signals pointing toward a potential bullish move. But will it deliver? Let’s break it down.
💎If SLPUSDT manages to break out and close a candle above the resistance zone, it would confirm the inverse head and shoulders pattern. This validation could significantly increase the probability of an upward move.
💎In case of a retracement, the support zone may act as a bounce level. However, to enhance the odds in our favor, waiting for a bullish internal change of character (I-CHoCH) before entering would be the smarter play.
💎On the flip side, if SLPUSDT breaks down and closes a candle below the support zone, this would invalidate the bullish setup entirely. At that point, the better approach would be to wait for a stronger price action structure to emerge rather than forcing a trade.
🎖 This is why patience and discipline are key, Paradisers. Let the market confirm your setups—trading without validation is gambling, not strategy. Stay sharp and focused. Remember, the best opportunities often come to those who wait for the highest-probability trades.
MyCryptoParadise
iFeel the success🌴
OFSS watch for a breakout of Base.Good pattern.
-Trying to break out of the box.
-Inverse H&S on DTF
-Narrow range inside candles on DTF.
-Dry volume
Breakout traders wait for a breakout of the base. Positional traders can look for building positions given in the chart.
The view and chart are shared just for educational purposes. Please do your research before investing.
USDCHF Sell Idea/head and shouldersThis pair has created a head and shoulders pattern. Supported by Bearish engulfing candle on 4H chart, this could be a good sell opportunity.
BNBUSDT: A Bullish Setup or a Trap? Key Levels to WatchYello Paradisers! Have you noticed the recent move in BNBUSDT? 📈 Could this be the breakout we’ve been waiting for, or is a retracement lurking in the shadows? Let’s break it down.
💎BNBUSDT has recently formed an inverse head and shoulders pattern, which also aligns with a bull flag formation on the higher timeframe—both strong indications of bullish potential. However, as disciplined traders, we must remain cautious and consider all scenarios.
💎If BNBUSDT breaks out and closes a candle above the resistance zone, the likelihood of a sustained bullish move significantly increases. This would confirm the breakout and signal a potential rally.
💎On the other hand, the probability of a retracement remains on the table. Should this happen, we would look for a bounce from the bullish order block (OB). To further increase the probability in our favor, waiting for a bullish internal change of character (I-CHoCH) would be prudent before entering any positions.
💎However, in the case of a breakdown with a candle close below the Bullish OB, the entire bullish idea would be invalidated. If this happens, patience will be key—waiting for stronger price action at better levels will provide higher-probability setups.
🎖This is why, Paradisers, we emphasize the importance of strategy and discipline in trading. Whether it's a breakout or breakdown, sticking to your plan is the only way to achieve long-term success. Stay vigilant, stay patient, and always trade smart. 💪
MyCryptoParadise
iFeel the success🌴
GALA: Is a Bullish Breakout Brewing or a Fakeout in Disguise?Yello, Paradisers! Have you noticed GALAUSDT’s latest setup? It’s catching everyone’s attention for all the right reasons! But is this the breakout we’ve been waiting for, or are we setting up for a trap? Let’s break it down step by step.
💎GALAUSDT has already broken above its resistance zone, which can now acts as support. However, Watch for bullish I-CHoCH (Internal Change of Character) on lower timeframes to confirm continuation. This will also allow us to tighten the stop-loss, improving risk management.
💎If the price fails to confirm at the current zone and drops below the broken resistance zone, it could still find support at the bullish Order Block (OB) below. Again, wait for an I-CHoCH here to stack the odds in our favor.
💎However, If GALAUSDT breaks below the bullish OB and closes a candle, the bullish thesis is invalidated. In this case, patience will be key. It’s better to step aside and wait for new price action to develop rather than forcing trades in uncertain conditions.
🎖Stay focused, trade smart, and always prioritize risk management. Whether this move brings profits or lessons, long-term consistency is what separates the winners from the rest. Let's make it happen!
MyCryptoParadise
iFeel the success🌴
Glenmark Pharma - Trend sustainedTopic Statement: Glenmark Pharma, despite a minor correction, remains on a bullish trajectory with strong support levels.
Key Points:
1. A head and shoulders pattern led to a price breakdown and a brief correction.
2. The stock found support at the uptrend line, maintaining its bullish structure.
3. The price is at the 38.2% retracement level, a key support area previously held in July and August 2024.
Nifty Forms an Inverse Head and Shoulder PatternNifty 50 index has formed an inverse head and shoulder pattern. Its not a perfect pattern, but it meets most of the criteria to be considered an inverse head and shoulder, the second shoulder is a little shorter.
But the Stochastic RSI indicator suggests, that the Nifty is in oversold zone on the daily charts, this could mean a downfall in the short term. Such a downfall would also result in a more perfect inverse head and shoulder being formed and then the final reversal.
So what is likely to happen in the next few days to nifty? A Downfall or sideways movement for 3-4 day period, followed by a breakout and uptrend.
Things to Note - December is a month where FIIs usually sell. But since they have already sold so much, the likely hood of more selling is less. So it also confirms with the pattern formation that Nifty is likely to end up in Green in December.
Will SHIBUSDT Ignite a Bullish Explosion or Face a Breakdown?Yello, Paradisers! Could this be the moment SHIBUSDT takes off, or is there trouble brewing? Let’s break this down so you don’t miss a single move.
💎SHIBUSDT is showing strong potential with a well-established bullish market structure. Adding fuel to the fire, it has formed an inverse head and shoulders pattern, a classic bullish signal that significantly increases the probability of an upward move.
💎A breakout above the resistance zone followed by a confirmed candle close is critical.
This would validate the inverse head and shoulders pattern and strengthen the bullish case.
💎If SHIBUSDT pulls back, the previously broken resistance zone is expected to act as a support.
For higher confidence, watch for a bullish Internal Change of Character (I-CHoCH) on lower timeframes to confirm momentum is on our side.
💎If the price breaks down and closes below the key support zone, it would invalidate the bullish setup entirely. This would signal that the market may be shifting in the opposite direction.
💎The next moves for SHIBUSDT hinge on whether it can confirm its bullish breakout or hold critical support during a retracement. As always, patience and discipline are key to avoiding emotional mistakes.
🎖Consistency over quick profits is the mantra. Trade smart, Paradisers. Let’s watch this one closely!
MyCryptoParadise
iFeel the success🌴
head and shoulders , too early to tellIt is on the way to form H&S on 1 day , it will be the third time to test 240-250 support area,
my target is 210
Affle Broke out of consolidation!Affle broke out of a long consolidation.
-Good pattern
-Good Volume
Looks good from CMP, or wait for a retest of breakout level.
CMP: 1469
DCAL forming inverse H&S. Keep on the Radar.
-Good Volume today.
-Forming inverse H&S pattern.
-Dry volume when pulling back.
Watch for a breakout above 214. SL is very deep for positional players. Position size accordingly.
Aggressive players can try placing SL below today's candle (196-day closing basis).
The market is on a downtrend. The chances of fake breakouts are very high. Please do your due diligence. This is not a buy/sell recommendation.
