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Head and Shoulders

Hindzinc- Do not miss this multiyear consolidation breakout!Hindustan zinc has given big breakout of inverted head and shoulders pattern in monthly time frame. A monthly closing above 330 would confirm the same. This breakout is mainly because of the shooting zinc prices and growing war tensions. 350-370 is the best price to accumulate the stock. The volumes are also at multi year high. If you trust anil agrawal's vision and are a dynamic investor, do not miss this stock in your portfolio for potential multibagger returns.
NSE:HINDZINCLong
by chartistamey
1
🚀ICP Breakout Alert: Get Ready for the Surge 🌟💎 Paradisers, #ICP has broken out of a descending channel and formed an inverse head and shoulders pattern, increasing the likelihood of a bullish move. 💎 The candle has closed above the resistance level, but I am expecting a slight retracement to trap buyers. We can then anticipate a bullish movement from the Fair Value Gap (FVG) zone. Be cautious here and look for bullish signs. 💎 Price may also retrace from here and find support at the bullish Order Block (OB) level, after which we can expect a bounce. So, design your strategy for #ICPUSDT accordingly. 💎 However, if the price shows a fall or panic selling and breaks down below the bullish OB and the right shoulder of the inverse head and shoulders pattern, it will invalidate the bullish signs. In this case, it would be better to avoid it and wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
NEAR: Bullish Momentum Building with Inverse H & S🚀💎 Paradisers, #NEAR has formed an inverse head and shoulders pattern, enhancing the probability of a bullish move. 💎 Price action has shown a Change of Character (CHoCH) and a Break of Structure (BOS) in lower timeframes. You can observe that #NEARUSDT has also bounced from the Fair Value Gap (FVG) zone, and currently, the price has shown an FVG, so we can expect a bounce from these levels. Be cautious here; there is also a bullish Order Block (OB) and a supportive trendline aiding the bulls, so considering stop losses here would be logical. 💎 For confirmation of the inverse head and shoulders, we need a breakout and a candle closing above the resistance zone. 💎 However, if the price shows a fall or panic selling and breaks down below the bullish OB and supportive trendline, it will invalidate the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
Long
by MyCryptoParadise_Nathan
BSOFT - TREND CHANGED ?Symbol - BSOFT Birlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing. The Company’s registered office is in Pune. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals. This stock has given great returns to investors as well as traders in last 1 year. This stock was buy on dips since May 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise as there exists clear Head & Shoulders pattern on larger time frame. I have made short positions in futures already around 690 level & will find opportunity to sell it on each rise until it breaks 730-735 levels which is H&S neckline. So, My SL is placed above 735. Targets I'm expecting on downside will be 575 - 560 - 535. P.S. : Swap markets are now pricing in just one Fed rate cut in 2024. The Fed will keep the rate unchanged at its May 1 meeting. Powell is expected to tighten rhetoric and signal that there will be fewer rate cuts this year than previously expected. If this happens, This will result in strong profit booking in IT stocks specially mid and small caps. 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:BSOFTShort
by akshit_official
2
LSK Forms Inverse Head and Shoulders Pattern, Eyes Bullish Break💎 Paradisers, #LSK has formed an inverse head and shoulders pattern, enhancing the probability of a bullish move. 💎 If #LSKUSDT breaks out of the resistance zone, we can anticipate a bullish move as it will confirm the inverse head and shoulders pattern. In that case, targets can be set until the next resistance levels. 💎 In the case of a pullback, we can expect a bounce from the demand zone and supportive trendline. 💎 However, if the price breaks down below the demand zone, it will invalidate the bullish signals. In that scenario, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan