Head and ShoulderHead and Shoulder forms in an uptrend. It is a reversal pattern. chart is self-explanatory
Head and Shoulders
Trading the Head & Shoulders - Normal and InvertedThis Exide Industries Chart is a perfect example of a Head & Shoulders pattern moving into an Inverted Head & Shoulders pattern.
In the H&S pattern, the neckline forms a crucial support level, whereas in an Inverted H&S, the Neckline forms crucial resistance.
In this particular pattern, volumes have increased during formation of the Head & Right Shoulder in the Inverted H&S, thereby giving an opportunity to buy if the resistance level is broken out of.
[Swing] Inverse Head and Shoulders breakoutSpotted Inverted Head & Shoulders breakout in daily chart.
Disclaimer: This is meant only for education and also to track my own progress in learning TA. I neither recommend nor suggest anyone to take this trade.
Marico Inverted Head and Shoulders Breakout in Weekly Timeframe!Marico has provided an inverted head and shoulders breakout in the weekly timeframe, can be confirmed with huge volume during breakout.
Eicher Motor ,Head and shoulder patternLogic
1) H&S pattern formation
2) Major trend is sideways, (if we see for a long term trend )
3) Even after breakdown we have to wait for the supportzone, so taking a short call should be with confirmation.
4) 200 moving average is acting as support ,closing below it will intiate a fresh selling.
I am not recomending anything it is just an observations
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Inverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal.
This illustrates that the downward trend is coming to an end .
When a Head and Shoulders formation is seen in a downtrend, it signifies a major reversal .
The pattern is confirmed once the price breaches the neckline resistance .
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern :
ENTRY:
we put an entry order above the neckline.
TARGET:
We can also calculate a target by measuring the lowest point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
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BHARAT ELECTRONICSIt is on the verge of an IHS breakout in weekly time frame above 112. V good support between here to 95. The Inverse Head & Shoulder upside levels are 150 / 175 / 200 over the medium term.
Channel Break down and Possible H&SUpper Channel Break down and Possible Head and Shoulder formation
head and shoulder pattern earlier predictionthe famous head and shoulder pattern formation for the best company
possible head and shoulder if crosses necklineIf the stock crosses 188.5 level with high volume, it can form reversal head and shoulder pattern. Keep a watch.
Note - This is just for educational purpose, happy to hear your views.
Reliance Elliot Waves, Gap analysis, Head and Shoulders PatternDisclaimer: Just for Study purpose, trading/investing not recommended on this analysis it can be wrong.
Reliance gives classic examples where it shows similar targets with help price action and Elliot waves.
Inverse Head and shoulders breakout target seems to reached
As 3rd Elliot wave is extended 5th Wave should be normal (not extended)
During Run up it created Breakaway Gap, Runaway Gap, Exhaustion Gap
DCB Bank Pattern Inside PatternDCB Bank is forming pattern inside pattern i.e Head & Shoulder and Rectangle Pattern.
This idea is for education purpose only. dyor
Tata Motors Short below 120_Educational PurposeTata Motors showing Head and Shoulder Patter on 30 Mins Chart. Break below 120, should reach to target of 115, 110, 105.
AXIS BANKIt is on the verge of an Inverse Head & Shoulder Breakout at 445. It could rise till 475-490 (with minor resistance at 455-460 - island reversal zone) as long as it does not breach 435
IDFCFIRSTB Inverse Head And ShouldersIDFCFIRSTB is forming Inverse Head And Shoulders. Wait for the breakout and confirmation
This idea is for education purpose only.
Potential H&S Forming on ESCORTS !There is a potential Inverted Head and Shoulder pattern forming on ESCORTS.
Trade is possible if the prices breach the Neckline and close.
SILVER: Head and shoulder trades1. spotted head and shoulder
2. draw your neckline
3. enter on breakout of the neckline
4. incase you missed, re enter on the retest of the neckline
5. draw your target
6. book profits near the target
BANKNIFTYif a stock fails to break it swing high in an uptrend or swing low in the downtrend then there are higher probabilities that it will reverse.
Coromandel International - Inverse H&S - Potential Target of 800Currently, after completing its inverse head and shoulders pattern, NSE:COROMANDEL is testing the previous supply turned demand zone.
If this zone provides required support, then it can potentially reach 800 levels.
