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Head and Shoulders

Hathway - Inverse/Reverse Head and ShoulderCMP - 23 TGT - 42 ⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only⚡️ Description: Reverse head and shoulders chart pattern is a bullish chart which signals a potential reversal of a downtrend. It is the opposite of the head and shoulders chart pattern (which is a bearish formation) The reverse head and shoulders chart pattern consists of three (3) troughs (u-like chart formation): 1) The first is identified as Left Shoulder 2) The second and deepest is called Head 3) The Third is called Right Shoulder 4) Neckline is the zone where the price has hit a resistance and corrected multiple times (as seen in the chart) Target Measurement: Draw price range from the lowest point of the Head to the Neckline and place it at the neckline. (the points measured in the depth is target from the neckline)
NSE:HATHWAYEducation
by Imran_I_Ahmed
Multipattern Analysis on IDFC First Bank!NSE:IDFCFIRSTB Analysis! Multipattern Analysis on $NSE:IDFCFIRSTB! Analysis on a Weekly Timeframe! Analysis: I have done the overfall analysis of IDFCFIRSTB since its inception. It looks very complicated but if you know all the patterns it is just like anything. I have combined all the patterns with the Support and Resistance Trendline. Don't get confused. Read the chart thoroughly and you'll get a better idea of where to enter and where to exit. As you can see in Chart 3 most important reversal patterns are there. 1) Triple Bottom Pattern 2) Double Bottom Pattern 3) Inverted Head and Shoulders Pattern Now the price is moving in a parallel channel but we can see the Flag and Pole Pattern Formation is going on. Aggressive investors can enter at current price levels as the price is above 50EMA. But my suggestion would be to enter only after the upside channel breakout. Trade Setup: Entry= Current levels are good for aggressive investors. Conservative investors can enter after Flag/upper channel breakout Target= Nearest Possible Target would be 100.70(New All-Time High Level) Stop Loss= Below 75.66 Disclaimer = Consider my analysis for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:IDFCFIRSTBLong
by Avinash9087
Tata Steel (Educational Idea)Tata Steel in time correction Will pass the time in between range of 150 - 176... Swing traders can grab the swing between these levels.. Long termers can add this gem from current levels.. Price action:: ============ Looks like Head & shoulders pattern Multiple shoulders on the left side.. Now right side shoulder formation in cards .... Testing these support 158 make this levels very weak and if it breaks this levels may lead to fall of another 10 to 15 pts ... But my strong feeling stock will not fall below 140
NSE:TATASTEEL
by rajasiviri
Power Finance Corp - Breaking OutInvestors, take note! Power Finance Corporation is currently showcasing a significant technical pattern that could influence your investment strategy: Head and Shoulders Breakout: Power Finance Corp has exhibited a clear Head and Shoulders breakout. This classic chart pattern is often viewed as a reliable indicator of a potential major reversal. Why This Pattern Is Important: The Head and Shoulders pattern is one of the most trustworthy technical indicators used by traders. A breakout from this pattern, especially when confirmed with high trading volume, suggests that the stock could be setting up for a substantial move. Investor Insight: Such a breakout could indicate either a bullish or bearish reversal, depending on the nature of the breakout (above or below the neckline). Investors should look at the direction of the breakout to determine their strategy. Action Steps: If you’re already holding shares, this might be the time to reassess your positions based on recent movements and breakout confirmation. For potential investors, consider the breakout’s direction and overall market conditions before entering any trades. Keep Watching: Follow up with detailed analysis or consult with a financial advisor to understand the best tactics in response to this pattern. Ensure you’re also considering other fundamental factors and market conditions to support your investment decisions.
NSE:PFCLong
by kausar13n
Will ORDIUSDT Surge or Stumble? Yello, Paradisers! ORDIUSDT has taken liquidity and then shown a CHoCH (Change of Character) towards a bullish market structure, increasing the probability of an upward move. 💎ORDI has formed an inverse head and shoulders pattern, a classic bullish reversal indicator. For confirmation, we need a breakout above the resistance zone, which would signal a bullish move. 💎If there is a pullback, we might see a potential double bottom from the support zone. For confirmation, we need an I-CHoCH (Internal Change of Character) towards a bullish market structure. 💎A breakdown and candle closing below the support zone will invalidate our bullish outlook. Stay vigilant and trade smart, Paradisers! If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. Consistency over quick profits is key. Discipline, patience, and robust strategies will guide you to long-term success. Stay focused, and let’s make smart moves together! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Bharti Airtel super bullish trend continues. Bharti airtel made a very bullish chart. Along with inverted head & shoulder pattern. 1450 is immediate target. Above that i applied fibo extension. And targets looks realistic. Because the up move in last 2 years from 600 to 1300 is not a joke. Communication sector has lot of strength. Even if it gives 10x return in next 5 yrs. I wont be surprised. Keep in radar for long term swing perspective. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:BHARTIARTLLong
by ashishhc
9
Dmart bullish trendDmart(Avenue supermart) after some good consolidation under the 0.23 & 0.38 Given trendline brekout. Now if it sustains above 4530 and give one day candle close above this, big targets will be open for the near term. Patten can also called Slanted inverted H&S. It’s breakout is always stronger. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:DMARTLong
by ashishhc
Major Bullish Move Ahead for TAOUSDT? Don't Miss This! Yello, Paradisers! Are you ready for a potential breakout that could skyrocket TAOUSDT? Let's dive into the details and see why this could be a game-changer. 📈 💎TAOUSDT has shown a Change of Character (CHoCH) towards a bullish market structure and has formed an inverse head and shoulders pattern, significantly increasing the probability of a bullish move. 💎For confirmation, we need a breakout and candle closing above the resistance zone. This will signal a strong bullish move. 💎In the case of a pullback, we can expect a potential double bottom pattern from the support zone. To increase the probability in our favor, it is better to wait for the I-CHoCH towards the bullish market structure in the lower timeframes. 💎If the price breaks down and closes a candle below the support zone, it will invalidate our whole idea. Stay focused, patient, and disciplined, Paradisers. This is the only way you will make it far in your crypto trading journey. Be a PRO💰 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan