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Head and Shoulders

SLPUSDT: The Breakout Everyone’s Waiting For?Yello, Paradisers! 🚨 Have you noticed SLPUSDT’s recent action? After a resistance trendline breakout, it’s now consolidating while forming an inverse head and shoulders pattern with a bullish divergence—classic signals pointing toward a potential bullish move. But will it deliver? Let’s break it down. 💎If SLPUSDT manages to break out and close a candle above the resistance zone, it would confirm the inverse head and shoulders pattern. This validation could significantly increase the probability of an upward move. 💎In case of a retracement, the support zone may act as a bounce level. However, to enhance the odds in our favor, waiting for a bullish internal change of character (I-CHoCH) before entering would be the smarter play. 💎On the flip side, if SLPUSDT breaks down and closes a candle below the support zone, this would invalidate the bullish setup entirely. At that point, the better approach would be to wait for a stronger price action structure to emerge rather than forcing a trade. 🎖 This is why patience and discipline are key, Paradisers. Let the market confirm your setups—trading without validation is gambling, not strategy. Stay sharp and focused. Remember, the best opportunities often come to those who wait for the highest-probability trades. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
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.
NSE:NIFTY
by SatpalS
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🌴
CRYPTO:TURBOUSDLong
by MyCryptoParadise_Nathan
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🌴
Long
by MyCryptoParadise_Nathan
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!
NSE:NIFTYShort
by akshit_official
10
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🌴
Long
by MyCryptoParadise_Nathan
#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
NSE:NIFTYLong
by thetradeforecast
1
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.
NSE:NIFTYLong
by TechnicalAnalystSucrit
BOROLTD - Multiple Bullish Pattern Breakout On Weekly ChartBOROSIL Ltd reveals a combination of bullish patterns, suggesting the potential for an upward breakout on weekly chart. Here’s a technical analysis: Inverse Head and Shoulders Pattern: The stock shows an inverse head and shoulders formation, with the left shoulder, head, and right shoulder clearly marked. This pattern is a strong bullish reversal signal, indicating a shift from a downtrend to an uptrend. Cup and Handle Pattern: Inside the inverse head and shoulders, there’s also a cup and handle pattern, with the cup length marked. This pattern further reinforces the bullish outlook, as it often signals a continuation of an upward move following a breakout. Breakout Above Resistance: The stock appears to be testing a horizontal resistance level at around ₹455. A breakout above this level would confirm the bullish patterns and indicate a potential upward move toward the projected targets. Volume: There’s a noticeable increase in volume as the stock approaches the resistance level, suggesting accumulation and growing buying interest. Rising volume during the formation of these patterns is a positive sign for breakout strength. Targets: The projected targets are based on the cup and handle breakout measurement: Target 1: ₹500 Target 2: ₹560 Target 3: ₹600 RSI (Relative Strength Index): The RSI indicator is trending upward and is currently around 62, which is in the bullish zone. However, it’s not overbought, implying that there could still be room for further upward movement. Conclusion The stock displays multiple bullish patterns (inverse head and shoulders and cup and handle), backed by rising volume and an upward-trending RSI. A successful breakout above ₹455 could lead to the stock reaching the first target of ₹500, followed by potential gains to ₹560 and ₹600 if momentum continues.
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NSE:BOROLTDLong
by Profit_Trader25
3
MUHURAT TRADING 2k24 - Stocks to Add in Portfolio Happy Diwali Traders !! Here's Diwali Muhurat trading picks for 2024 NSE:SARLAPOLY Sarla Performance Fibers Ltd. engages in the manufacture and distribution of synthetic yarn. The firm also offers wind power generation. It operates through the Yarn and Generation of Wind Power segments. The company was founded on November 23, 1993 and is headquartered in Mumbai, India. Technical View:- On monthly chart it has given a strong breakout on good volume and completed a retest, CMP @94 looks Good to enter for a follow up Move Stop level should be below -50 Target levels are - 150,220,350+ NSE:GODREJAGRO Godrej Agrovet Ltd. engages in the manufacturing and marketing of animal feeds. It operates through the business segments: Animal Feed, Crop Protection, Vegetable Oil, Dairy and Other Business. The Other Business segment includes, seed business, energy generation through windmill, real estate, poultry and cattle breeding businesses. The company was founded in 1992 and is headquartered in Mumbai, India. Technical View:- The monthly chart breakout is good and now forming a Retest Of the zone, you can take a Few quantities on muhurat day but more quantities should only be added on the confirmation of retest only. CMP is 712.80 But for confirmation, we need a weekly candle close above 730 Zone. StopLoss level is 480 Targets are 950,1150,1500+ Note:- Always Use proper Position sizing rules before entering in the trade. Keep Learning, Happy Trading, Enjoy Festival.
NSE:GODREJAGROLong
by SANJAYPATIDAR_
IRCTC - BULLISH & BEARISH BIASSymbol - IRCTC CMP - 900 IRCTC is currently trading at an interesting zone. After a good rally in the last year, This stock is following a trendline resistance making lower - lows price action & showing no strength of price growth. I am tracking this stock from quite some time. I will be interested in long positions on breakout of 940-950 resistance zone. I will be even more interested in shorting this stock if this stock breaks 850 on downside & sustain below it as it stock is making a Head & shoulders pattern in larger time frame. Such patterns tends be more accurate on larger time frame & don't fail if gets activated. This pattern will get activated if price break neckline on the downside then I will be shorting futures for more downside targets. What will happen? Only the time will tell. My job is to keep it on radar & enter in longs above 950 & enter in short below 850.
NSE:IRCTC
by akshit_official
4