Head and Shoulder PatternClear Head and Shoulder patten formed in stock backed by a good volume in the trade. Stock may correct further.
Head and Shoulders
MARICO - HEAD & SHOULDER PATTERNMARICO LTD is making H&S pattern at Daily Chart. Made Hammer Candle on 18apr at 2nd Shoulder, gave Breakout on 26april.
For my learning and digital records purpose only.
Suzlon. Inverser Head & Shoulder?Suzlon
.
You can see it is forming inverse head & shoulder.
Lets wait for break down. Target 20-22
SPARC - BO FAIL, IMPORTANT RISK MANAGEMENT LESSONHello Community,
today i will talk about the importance of risk management in stock market, why its important to respect risk in stock market with proper stoploss method you should have as per your risk apetite with example. We have talked much about the BO stocks which had made good money for us but still in market there are lot many examples where good BO got failed at later stage.
I was looking at the chart of sparc which i traded before as a 52 WEEK BO but since after my entry it stalked a little bit so i booked my profit as i got other opportunity to make money and keep the alerts at BO points to reenter later. Now to day while scanning my multiyear bo watchlist i saw that a BO Faliure with gaps in the chart at weekly time frame. Rest details are on chart.
That's why i say everytime profit booking is also very improtant at every level, you can always reenter in any stocks becoz booking profit is better than the looking profit.
Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing.
I use Trading view for my Analysis and charts Repositories. I could have Or Couldn’t have positions in Sharing Ideas.
Treat trading like a business and it will pay you like a business…..!!
Hope this post is helpful to community
Thanks
RastogiG
Gold looks bearish for the upcoming week with HS patternDescription as in title. Wait for breakdown and retest of the neckline to take a position.
Disclaimer : Not a financial advice. I have a short position already since yesterday.
ABB Head and Shoulder with breakdownHead and Shoulder #HnS with breakdown has formed in #ABB
A clear left shoulder, Head and and right shoulder is formed.
break down came in this week below the neckline and the pattern has completed.
Let's see if the pattern can show it's effect in coming weeks.
PS: This is only for educational purpose
Bitcoin has triggered HS pattern. Potential downside target 43k Head and shoulder like pattern has been triggered. Watch for backtest of the dotted green line to initiate short position. Target calculation marked in the graph.
Stop loss is daily close above the HS neckline.
Disclaimer: Educational idea only
Crude Oil looks bearish for the upcoming week with HS patternProbable HS pattern in the making. We should wait for breakdown of neckline and then a retest to take a position based on this pattern. SL will be breaking of the neckline.
Disclaimer: Not a financial advice. I have short positions in crude oil.
Navin Fluorine INT - Looks Good!NSE:NAVINFLUOR - Daily Chart analysis
Price Vs RSI divergence seen on daily chart
Price Vs MACD divergence seen on daily chart
Bullish Head and Shoulder Pattern seen on daily chart.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
Safari Industries Inverse H&S Pattern in Daily ChartSafari Industries Inverse H&S Pattern in Daily Chart
Good ROI with small SL
[Swing Trade] ZYDUSLIFE I could see it has formed reverse head and shoulder pattern in 4hr TF. Expecting a good BO above the neck line. Will take a trade on the neck line is broken with good volume. I don;t recommend others to trade on my study. DYOR.
Turnaround SUCCESSFUL! NSE:GSFC was set for turnaround. I had already shared this and that's how it stands at the moment. Inverted H&S breakout is successful now and now we can wait for a retest for new ALL TIME HIGHs.
Head and Shoulder: Tata ConsumerFor Education only.
Char it forming Head and Shoulder pattern. Price can fall below if it breaks neckline.
Ageis Logistic - cup and hand & head and shoulder patternAgeis Logistic is forming 2 formations - cup and hand & head and shoulder on weekly basis. Short Target of 450 and we can expect a long term target of 600+. Other factors:
1. RSI is improving, sustainable above 60 will make it bullish
2. MACD is positive
3. Volumes is increasing
4. Highest ever TTM Net profit
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!!
DAILY BREAKOUT ACHIEVED. MORE EXPECTED.NSE:FSL Daily breakout was successfully completed and even broke the weekly breakout level but selling kicked in and it was obvious it'll face some resistance there, now expecting a re-test and then weekly breakout further.
[Swing Trade] - LALPATHLAB 2388BO seems inevitable in LALPATHLAB. Keep an eye. I do not recommend others to trade on my views.
GNFC - Weekly AnalysisIn the Weekly Chart of GNFC ,
we can see that, it will soon be bullish.
Also, it is leading towards inverted Head & Shoulder breakout.
Expected momentums are shown in chart.
Investment pick:-SAILSAIL is on the verge of giving big monthly breakout from trendline.
It is one of the few PSU stocks which have not shown rally in past couple of years.
We can expect huge upside in this stock given the improved profitability and efficiency of the company.
Definitely a must have stock in portfolio if interested to invest in metal sector.
However, metal sector is highly cyclic and have higher risk associated.
Supriya Life-A picture perfect IHNS breakout!If you are a pattern breakout trader, you will definitely love this idea!
Supriya life science has given a good breakout from inverted head and shoulders pattern and is looking strong for a reversal.
Stock can test ATH levels soon and might give bigger targets in future. Stock should give weekly closing above 400 for confirmation. Safe traders must wait for tomorrow's closing before entering.
A must stock to keep in watchlist!
[Swing short Trade] BSOFT - 660 ...huge fall ahead?Formed a head shoulder pattern. Expecting a good fall from here. I'm not trading this setup and neither i recommend others to trade on my views.
NAVINFLUOR STOCKNSE:NAVINFLUOR Stock is likely to break out of an inverse head & shoulder pattern.
Buy above 3265 rupees.
Target 1 is 3300 rupees.
Target 2 is 3400 rupees.
Stoploss below 3030 rupees (One Day Candle Closed).
