CMP: 16.30, T: 19.50, SL: 14.10 Study: Head & Shoulder breakout with huge volume
Idea has given an inverted H&S PATTERN Breakout with volume , even rsi took and bounce back from it's indicating trend reversal . Looks good for short term target of 14 , have potential to move 18/22 in long term . Not a financial advisor , ask your financial advisor and enter at your own risk. Comment down your views.
Positional & Investment Pick. SL has been mistyped. USE SL at 511
Positional & Investment Pick Don't Miss to accumulate at these levels.
VOltas Long for quick gain. This is just for educational purpose and not a recommendation .
Canara Bank has formed Inverse Head and Shoulder Pattern on the daily time frame. Broken resistance on high volume candle Now the resistance will act as support if the stock retest its resistance look for an opportunity to buy at 156-155 Buying at retest will enhance the Risk-Reward ratio Target 184 SL 153 (50%) SL 147 (50%)
Personally feel that it should bounce. Don't Get trapped. Trade with discipline. If it breaches 946 levels, then may see some selling towards 900.
Early Indication of Selling in ADANIPORTS with RSI Divergence & a Possible H&S Pattern. Confirmation of Short Trade, once Neckline is Broken & RSI falls below 50. However a better Short Trade would be at a daily close below 689.50 Failure Point & Stop Loss: 790 Measured Target as per H&S Pattern will be around 500 - 515 levels
Keep Accumulating FMCG Stocks. Tata Consumer Best Pick.
After a very good up trend movement in Crude oil I'm expecting it seems forming H&S formation in 30 min timeframe. If it is yes and the trendline broken in coming sessions, it may give us multiple selling entries. My trading plan marked in chart shared with you. Please act as per your own analysis.
HINDALCO - Hourly Analysis Head and shoulder breakout Short Below 380 - 1 hour candle closing basis Target 370-360-350-340+ SL above 400 (candle closing basis) Can buy 380 PE - once trade conform
Looks good for 630. Stock have ran hard time now for some profit booking.
CMP- 192.80 SL- Target- 210, 215 25/5/21 - Major EMA support (50/100/200) - INHS spotted (supportive VOL) - Trendline break - Good VOL
Bank nifty is ready for a big move with head and shoulders patterns