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Head and Shoulders

Is GLMUSDT About to Skyrocket? Don't Miss This Critical AnalysisYello Paradisers! Have you noticed the recent breakout in GLMUSDT? This could be the perfect setup for a major bullish move, but let's dive into the details to understand why. 💎GLMUSDT has broken out of its descending channel, showing a Change of Character (CHoCH) towards a bullish market structure and forming an inverse head and shoulders pattern. These factors combined significantly increase the probability of a bullish move. 💎However, for confirmation, we need to see a breakout and candle closing above the resistance zone. This will not only validate the inverse head and shoulders pattern but also solidify the bullish outlook. 💎In the case of a pullback, we can expect a potential double bottom formation from the support zone. For confirmation, it’s prudent to wait for an internal Change of Character (I-CHoCH) towards a bullish market structure to increase the probability in our favor. 💎Conversely, if we see a breakdown and candle close below the support zone, it will invalidate our entire analysis. Stay focused and disciplined, Paradisers. The right opportunities come to those who wait and act strategically. Remember, consistency is key in this volatile market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
CDSL looks bullish in both the short and long termCDSL previously showed a very good bullish movement and then went through some correction where it formed a head and shoulders pattern. While forming the right shoulder, it went up aggressively, creating a demand zone where the right shoulder should have formed, as shown by the dotted line on the graph. Now the right shoulder has formed upside, and the top of the right shoulder has also been broken, with the price retesting it. On the last trading day, CDSL was down significantly but ended the day positive, showing a sign of rejection. It now looks like a good investment opportunity.
NSE:CDSLLong
by anuragAnand321
TCS-An ATH breakout of investment stock with IHNS pattern!TCS is India's largest IT stock which has been consolidating since 2021 in an inverted head and shoulders pattern. Stock has managed to give weekly closing above neckline with decent volumes. Positional traders can also keep an eye on this breakout. If it sustains, we can see good quick move in the stock. However, markets are also trading at ATH and a correction MIGHT be seen post budget. It is better to watch the market reaction and stock movement for a week before entering. Not a recommendation, just my personal opinion
NSE:TCSLong
by chartistamey
Massive Breakout Alert: Will NOTUSDT Skyrocket or Plummet?Yello! Have you seen the recent action on NOTUSDT? This could be the moment we've all been waiting for! 🚀 💎NOTUSDT has finally broken out of its resistive trendline and is now showing consolidation. The price has formed an inverse head and shoulders pattern, which typically signals a bullish move ahead. 💎However, for us to confirm this bullish trend, NOTUSDT must break and close a candle above the resistance zone. This would validate the inverse head and shoulders pattern and significantly increase the probability of a bullish move. 💎On the flip side, if we see a pullback, we can expect a bounce from the demand level. For confirmation, we need to see an I-CHoCH (Internal Change of Character) toward the bullish market structure. This would tilt the odds in our favor. 💎But be cautious! If NOTUSDT breaks down and closes a candle below the demand level, it will invalidate our entire setup and pattern. 🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Is BNBUSDT on the Brink of a Major Bullish Breakout?Yello! Did you see how BNBUSDT has taken liquidity and formed an inverse head and shoulders pattern? This setup is raising the odds of a bullish move! But there's more to the story. Let’s dive into the details: 💎For this bullish scenario to play out, BNB must break out of the resistance zone and close a candle above it. This would indicate a potential move up to the next swing or resistance levels. 💎In the event of a pullback, we can anticipate a bounce from the Bullish Order Block (OB). However, for confirmation, we need to see an I-CHoCH (internal Change of Character) that aligns with a bullish market structure. This would further increase the probability of a favorable outcome. 💎On the flip side, if the price breaks down below the Bullish OB and closes a candle beneath it, our entire idea and pattern would be invalidated. This would suggest a different market direction, requiring us to reassess our strategy. As always, it's crucial to stay disciplined and patient. The market can be unpredictable, and only those who stick to their strategies will thrive. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
low risk-high return; min 30% ROI ; swingAdd this to watchlist and wait for entry.👁️‍🗨️ For short term investment ; Leave a " Like If you agree " .👍 . Wait for small retracement & daily candle to close above - "145". Avoid Trade untill ENTRY level. . Entry: 145 target: 168 - 195 sl: 138-128 major stoploss/ support: 960 . . Enter only if market Retrace and Break s "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer over old posted idea attached below.
NSE:LEMONTREELong
by TheNuraTrading
Banknifty analysis for 19/07/24.Banknifty on the weekly time frame is still forming an inside candle. If it crosses the previous weekl high of 52800, a bullish trade can be made. The hourly time frame, there is a inverted Head and Shoulder pattern and the high probability trade can be initiated as Nifty is trading around Life time high of 24800. There is chances of BN catching up with other index. Major Break out level :- 52800 Targets :- 53080, 53250 In case the market starts break down, trade only once it break the support zone of 52150-52200. Wait for the price action around the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Turbo Breakout in SCHAND NSE:SCHAND S Chand & Co. Ltd. engages in publishing and trading educational books. It operates through the Domestic and Overseas geographical segments. Timeframe - Day Chart Analysis 🧐 🔹View: Breakout of range. 🔹Structure: - The stock has been in a range from the start of March 2024 and now it has taken support of the weekly trend line and moved above 200 EMA. - It should give a breakout soon as the earnings are due in a few weeks. -RSI Forming a bullish divergence. - Volumes are low on downfall moves and up moves are on good volume spikes. 🟢Entry: I am considering Two possible entry scenarios 1st - Buying above the last four days range @255 This would be regarded as an aggressive entry. 2nd - Taking a breakout entry above the range 256, That's a breakout of the extreme range which is a horizontal resistance and inverse head and shoulder pattern ♦️Risk : - Stop should be kept below the recent swing low at 225 on day candle closing basis. 🎯Targets:- Target levels are marked on the chart With blue line based on Fibonacci retracement zones. Detailed analysis on chart Study it and mark levels on your chart
NSE:SCHANDLong
by SANJAYPATIDAR_
Grasim at make or break levelAs seen on the chart, Grasim stock is trading near a strong supply zone of 1750-1775. The stock also has taken support from trendline which is drawn from 2020 lows. If the stock manages to break its ATH level and sustain above this supply zone for few weeks, we can see a flag breakout and a new bull uptrend in this stock. However, rejection from supply zone can bring to stock to 1670, 1580 or below. This is a FNO stock and hence we can expect a good amount of call writing at 1800 levels. Also, the chart is very similar to JSWSteel chart which i posted 2 days back. Note:-Idea has been shared for educational purposes and shouldn't be considered as a recommendation.
NSE:GRASIMLong
by chartistamey