Head shoulder pattern form in bank nifty.. get ready for may be bigger fall
Fundamental analysis:- Bank of Maharashtra is a PSUBank stock which can give good returns in short as well as long term. The stock has a good dividend yield and is available at a cheap price as per PE and PB ratios. Technical analysis:- The stock has given a breakout from Inverted head and shoulder pattern. A closing above 32.45 can provide more than 10%...
There is a clear head and shoulders appearing on Banknifty. 4 hr time frame. The targets of which can be 43250 (200dema), 41200 and 39300. This is positional view and all upticks are sell with SL at 44586. There is also a clear double top on daily charts.
#dcbbank #swingtrade #momentumtradeing #swingtrading #patterntrading DCB Bank : Breakout soon >> Inverse H&S pattern visible >> Good Volume & Strength in stock >> Good Relative Strength Swing Traders can lock 10% profit & keep trailling Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade...
Nifty is taking support as per our prediction 19300-190. Now Nifty form Inverse Head & shoulder pattern on daily chart with strong bottom support 19480. If nifty sustain above neck line of H&S pattern 19760 it may test 20000 and 20480 soon.
Tata Consumer Cmp 908 dated 17-10-2023 1. Inverted H&S Pattern, BO only above 921 2. Shooting Star Candle @ Resistance Sell below 905 target 890-880-870-860-855 SL 925 If get reversed than Buy above 928 target 950-965-990 SL 905 Both trades possible in whichever way price goes. It is just a view, please trade at your own risk.
A bullish Inverted Head & Shoulder Chart Pattern Breakout on the Weekly Time frame of NSE:PARAS Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a...
Karurvysyabank is breaking h&s pattern #weekly chart presented WCB with good volume educational idea only
ICICIBANK is forming an Inverted Head and Shoulder pattern on hourly timeframe. The stock has bounced off it's lower longterm trendline and now has formed a range. We can expect the price to test the ATH Levels after breakout. Above this level, the stock will also cross above 50 MA on Daily timeframe so that gives more confidence. Stop Loss: SL for this trade...
This just for educational purpose Showing inverted head and shoulders. if broken the baseline we can see the new levels
After Gap up opening it has been doing distribution on top to form probable bearish head and shoulder pattern. It still need to complete right shoulder. Only then it may be able meet vision
On 2 hours time frame DOW is forming inverted head and shoulders, a breakout will be confirmed on close above 33850. The targets on the upside can be 34700
Fundamentally good stock, For long term investment. Reset chart for clear view.🔃 . . Entry: 422 target: 473 - 490 sl: 405 - 400 major stoploss/ support: 389 . Enter only after breaking " Yellow box" mentioned. Or else wait for some time. ' ;good for long term investment. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency💹 Refer...
This looks like a text book case of head and shoulder pattern formation. Once the neckline is broken around 56 levels, stock could fall 10% plus and filing the gap in process. Disclaimer: for education purpose only.
Looks Like a Good Set up of Head & Shoulders Might just go down to Targets Check if you Like & Agree
End of correction is seen in ABFRL. This reversal pattern is seen nr 200ma and has very high success rate at such support area.
A slanting channel on 2 hr time frame, a break out of which can lead towards 620 area and drop from the channel can bring the price to the lower end of the channel or the buffer support area. Beyond which it can retest 550-555 levels. but on the larger Daily Time Frame, its a head and shoulders in formation and a breakout of which will come above 620. Do like...