ASHOKLEYLAND H&S BREAKOUTAshokleyland breaking h&s reversal pattern
with huge volume building up
bullish rsi,trading above 20ema
#target 263 soon
sl 215
NO BUY/SELL RECOMENDATION
Head and Shoulders
National Aluminum looks strong. Add to your WLNationalaluminium- add to your Watch List.
✅Good pattern- Forming VCP, inverse H&S
✅Stock in an uptrend.
✅Resisted the overall market fall
✅Never fell below 50-200 DMAs while many stocks
were trading well below that in this correction.
✅Volumes are picking up now.
✅3 White soldiers on DTF.
This is a good positional long-term bet. Accumulate or pyramid in this.
This is just my view. This is not a buy/sell recommendation. Please trade as per your risk appetite and discretion.
💎Get ready for some action with PEPEUSDT💎 Paradisers, #PEPE has broken out of its descending channel and formed an inverse head and shoulders pattern, presenting an opportunity for a small scalp trade.
💎If #PEPEUSDT breaks above the resistance level, we can expect a bullish move. However, my targets are modest due to the current market volatility.
💎In the event of a pullback, we can anticipate a bounce from the bullish Order Block (OB), but confirmation is necessary here. The targets for this potential bounce will also be small.
💎Should the price drop below the bullish OB, it would be considered bearish, but it would be advisable to disregard it in that case, focusing instead on more favorable trading conditions.
Nifty - Bearish head and shoulder patternNifty is forming head and shoulder top pattern, which can indicate a bearish reversal if confirmed. With the neckline at 24,590, a close below that level would indeed suggest selling pressure. Placing your stop loss above the last swing high is a prudent strategy to manage risk.
For the target based on the measurement rule, you would typically subtract the height of the head to the neckline from the neckline level.
It’s also worth noting that the 50-day EMA slope downwards adds further confirmation to our analysis. Just ensure to keep an eye on volume and any macroeconomic factors that could influence price movement. How are you planning to execute your trade?
*** Nifty is currently above neckline please wait for confirmation ***
Jubilant food - Inv head and shoulderPrice action matters most when they appear at crucial levels.
570 levels was earlier resistance which has now become support. Now this is also a 200DMA level.
Inv head and shoulder in this location makes it a high probable bullish candidate.
Expecting 15% move during this Santa rally.
ORIENTAL HOTELS : Chart Pattern Breakout#ORIENTHOT #Swingtrade #breakout #Chartpattern #Trendingsetup
Orienthot : Swing Trade
>> Inverse Head & Shoulder pattern
>> Trending setup
>> Good Volume & Strength
>> Good Risk Reward Trade
Swing Traders can lock profits @ 10% and keep trailing
Note : In Current Market Scenario, Breakouts can easily fail so Trade Good Setups with Proper Risk Management and Position sizing
Disclaimer : This is not a Trade recommendation, Charts Shared are for Learning Purpose
Fortis forming good pattern. Watch for long opportunities.
Good pattern.
✅Stock is trading inside a channel
✅Stock is in an uptrend.
✅Picking good volumes on the way up.
✅Trading above key DMAs.
✅Group movement in the pharma healthcare sector.
CMP: 683.
One can accumulate from CMP or watch for a breakout of the channel. Understand the risk involved. The market moving up today very well could be a trap, to lure the retail investors.
This view is just for educational purposes and please do your due diligence before investing.
#tradingmarket #niftytoday #healthcare
Shriram finance Price Action.Shriram finance is form inverse Head & shoulder pattern. It can long from here if come near 1650 add more. Target would be 2700.
UPL by KRS Charts21st October 2024 / 10:05 AM
Why UPL ❓
1️⃣ UPL is Bullish Stock long term wise with Decent Fundamentals. 📈
2️⃣ Recent March Low seems like Higher Low in bigger picture ✅
3️⃣ UPL has Formed Inverted H&S and Breakout from it and currently Reversing to Bullish again after Retesting from Prev. Resistance. ↗️
4️⃣ 1D TF, Bullish Hammer is visible and today also moving strong Upside 🔅
UPL Target 716 Rs with SL of 520 1W Closing Basis
LTCUSDT: Will This Bullish Setup Ignite a Rally or Fade Away?Yello, Paradisers! Are you ready for what’s brewing in LTCUSDT? 👀
💎LTCUSDT is signaling potential bullish momentum, displaying a bullish Change of Character (CHoCH), a Break of Structure (BOS), breakout of resistance trendline, and the formation of an inverse head and shoulders pattern. These are key indicators suggesting a potential upward move that can't be ignored.
💎If LTCUSDT manages to break out of the current resistance zone, it would enhance the likelihood of a continued bullish push, effectively validating the current pattern.
💎However, should we see a retracement, we could anticipate a bounce from the support zone. To improve the probability on our side, looking for a bullish internal CHoCH on lower timeframes will be critical. Additionally, monitoring BTC’s price action will provide added confirmation and insights.
💎If the price breaks down and closes a candle below the support zone, it will invalidate this bullish scenario. In that case, the best course of action is to remain patient and wait for more compelling price action to form.
Trade smart and stay disciplined, Paradisers. Remember, solid analysis and strategy always outshine impulsive decisions. This is how you win in the long game.
MyCryptoParadise
iFeel the success🌴
NIFTY 50 - HEAD & SHOULDER - WEEKLY CHART.NIFTY50 is making Head & Shoulder pattern at weekly chart.
23350 is a Strong Support, it is at an old lower trendline Support too. We took the support at this lower trendline even on 4th June - Election Result Day. Before that in the last week of October 2023.
Since 10% correction has already happened so there is strong probability of a Reversal from this level(23350), but in case Nifty breaks this level then there is a probability of it going down further, here I am just keeping the current market scenario/trend in mind.
Nifty is touching the 200ma at Daily chart. The ultimate support 21280 is almost equal to the depth of ascending channel, 21280 level means almost 20% correction in Nifty. There is no exact date in case Nifty goes down, no one can predict that.
Support: 23350, 22775, 21800, 21280.
14nov 2024.
This is for learning and educational purposes only. Please consult your financial advisor before investing.
Crude fut CMP 5812 Buy for target 5859- 5900- 5945-6000+ SL 57Crude fut CMP 5812
Buy for target 5859- 5900- 5945-6000+
SL 5765
Is TURBOUSDT Poised for a Bullish Breakout or Bearish Move?Yello, Paradisers! Is TURBOUSDT about to break out into a small bullish move, or are we looking at a potential reversal? Let's dive into the analysis to see what the charts are telling us!
💎TURBOUSDT is currently forming an inverse head and shoulders pattern, a classic bullish signal. This pattern, coupled with the recent bullish reversal indicators, significantly increases the likelihood of an upward move.
💎 If the candle closes above resistant zone, the probability of a bullish move increases.
💎 If there's a pullback, we can anticipate a bounce from support zone, but we need to watch for a Change of Character (CHoCH) towards a bullish market structure in the lower time frames. This would confirm the bullish outlook and set the stage for targeting the upcoming resistance levels.
💎If the candle closes below the support zone, it invalidates the bullish thesis.
💎Given the current market uncertainty, I recommend using smaller positions than usual. This cautious approach will help manage risk effectively.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
UNIUSDT: Are We on the Verge of a Bullish Breakout?Yello, Paradisers! The UNIUSDT chart is shaping up with some bullish signals, but will they lead to the rally we're looking for? Let’s dive into the setup.
💎UNIUSDT is currently displaying a strong bullish market structure, forming an inverse head and shoulders pattern. This classic formation is known for signaling potential trend reversals—if it plays out, it could lead to a notable move upward.
💎If UNIUSDT breaks out and closes a candle above the resistance zone, it will confirm this pattern, significantly increasing the probability of a sustained bullish move.
💎In the event of a pullback, we could see a double-bottom pattern forming around the support zone. For those tracking lower timeframes, it may be wiser to wait for a bullish I-CHoCH, as it could improve the odds in our favor before entering.
💎On the flip side, if price breaks down and closes a candle below the support zone, it would invalidate our bullish scenario. In that case, patience will be key—waiting for better price action and stronger signals will keep us on the right side of the trade.
Remember, Paradisers, trading is a game of probabilities, not certainties. Only disciplined traders who can master the art of patience make it far in this market. Stay focused, stay sharp, and trade strategically!
MyCryptoParadise
iFeel the success🌴
HEAD & SHOULDERpreviously on top there is a small head & shoulder pattern. After that there is a big head & shoulder pattern break down. Its a trend reversal price pattern. i think the pain will be more.
FINNIFTY FALL is on the way. chart has given clear breakdown of the bearish flag pattern in fin nifty.
Quarter numbers of major comps are weak, Inflation is rerouting and now CASA will again go down, sips at peak and retailers will buy this dip.
NBFC and BANKS will suffer more now.
MIDCP nifty making Head and shoulder and near support dailyMidcap nifty index MIDCP making head and shouler pattern in daily timeframe also at crucial trendline support breaking below create more panic till 11850,11600,11380.
Marksans Pharma SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
HEAD & SHOULDERS PATTERN IN NIFTY. TIME TO SELL AGAIN ?Symbol - NIFTY50
CMP 24800
Nifty50 has turned its trend from bullish to bearish & sideways making lows - lows on daily time frame. We can see a Head & Shoulders pattern getting formed on daily TF in Nifty. Such patterns on larger time frame don't usually fail. Nifty is currently trading near neckline of this pattern. Breakdown & sustaining below this neckline zone 24730 - 24690 will get this pattern activated & we can see big target towards downside.
Target on downside can be 23370
P.S. : My short position is already active from 25000
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
HDFC Bank On the verge of Breakouthello Everyone HDFC bank about near lifetime high and resistance of trendline good Inverse head and shoulder pattern in making price is above 50 EMA RSI showing strength supported by volume.
NIFTY making In IHNS with Trendline Supporthello everyone,
NITY Spot 24250 taking support from 24000 making in pattern inverse head and shoulder there is hurdle EMA 100 and trendline resistance near 24370-23430 __as RSI positive divergence reversal can expect still bearish trend on larger timeframe.
#NIFTY50 - 8TH NOVEMBER!!NSE:NIFTY
#NIFTYBANK ⚡
Observe, understand, then implement 👍🏻
Chart contains support and resistance levels (understand how it works 👇🏻)
Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
-Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators: Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance:
- Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance:
- Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.
P.S note : im not SEBI REGISTRAR 🙏🏻
Any doubt 👉🏻 @thetradeforecast
HEAD&SHOULDER almost completed in NIFTY50Overview
The head and shoulders pattern is nearing completion, accompanied by positive RSI divergence, indicating the market may have bottomed out.
Key Observations
Head and Shoulders Pattern:
Suggests the end of the downtrend.
Indicates a potential upward trend.
Positive RSI Divergence:
Shows bullish signal with higher lows on the RSI and lower lows in price.
Market Projections
Final Correction Phase:
Nifty at 23700.
Breakout above 24600 confirms bullish momentum.
Conclusion
These technical indicators point towards a bullish phase. Monitoring the 23700 level for correction and 24600 for confirmation of a new rally is crucial.
