Dr Reddys Labs has formed a 'Descending triangle' and is hovering around support (2979.75). Can short it once breaks the support. Also, can see 'Head and Shoulders'. If it breaks from here, then 2925 looks feasible in few sessions.
Head and Shoulder formation on Bank Nifty and showing bearish sign. Levels for short: Level to break - 17850 Level 1 - 17715 Level 2 - 17650
(I May be Wrong) Looks like Ambuja Cement is all set to rock and roll. Volumes are not supporting the move so it can go either ways. If it moves up from here with better volumes then it could be a trend changer or else its time to go short. Waiting for the confirmation. Please correct me If I am wrong. Could go long with a SL of 197
* Head & Shoulder * Horizontal trendline (green line) >> Short below 100
It is been observed on the daily chart that the price action forms a Bearish Head and Shoulder pattern where sellers are active in the market and put much pressure on buyers to push prices down. Now it shall further move down as the pattern indicates. Target 1: 1800 Target 2: 1785 Target 3: 1760 Stoploss: 1920
How many of you believe traditional patterns like H&S or iH&S wont work? Lets see how Axisbank plays out on Inverted Head & Shoulder. * Retest of Inverted Head & Shoulder * Trendline Breakout
Prefer a stop loss @510. Going above 510 may take it towards 630 levels. CMP 484.45 Target 1 441 Target 2 354 Stop loss 511
Cipla traded and closed below the Neckline of recently developed Head & Shoulder pattern. The pattern is self explanatory so need not to elaborate here.
First ever published idea, Need to wait for a candle close below the Trend line for a minimum H&S price objective of 1226.
Nifty provides good buy opportunity with stop 8400 cash closing basis. 8600/8800 possible
SUNPHARMA Formed bullish classic pattern in 30min chart its show sunpharma will up soon and blasttt till 772-791+++++ support at 740-730
What to do, we got 35 minutes till Nifty opens, I mean the Market opens. So I was little bored, thats why posting on stocks. I'm not in favour of upside breakout in SBI, it may be false breakout just to complete the right shoulder in better way but anything can happen. Won't it be lovely, if SBI breaksdown below the lower trendline ?? Yes, I'm expecting that move...
NCC has made beautiful Head and shoulder pattern and touching from below. it is at the 78.6 fib level from the current swing. Entry at this level with small Stop Loss and target around 80 is giving risk to reward ratio. Good Luck
It is been observed that the price action forming a Head and Shoulder pattern on the upside, indicating further bearishness in the price action. It is also important to note that the price action changes from making Higher Low and Higher High to making lower highs and Lower Lows, again signalling bearishness. Good time to short. Target: 338 Stoploss: 355
It is been observed that the price action is trending up in a channel formation on daily chart. It is also to note that there is a short term formation of Inverted Head N Shoulder Pattern which is about to break above the neckline of 50 level that will take prices further up to 52 levels and then we could see a retracement back to neckline and then a further...
This was the first question came to My mind when I saw Inverted Head & shoulder pattern in Nifty, after yesterday's Head & shoulder pattern. How come chart appears as if its inverted ?? Probably, hangover ? Anyway, I'm expecting the game for the day will be between Resistance & support zones and breakout of any zone will determine direction for 2 to 3 days...
So today in Nifty 15 mins we can expect the breakout of head and shoulders pattern and a move downside. Why we are expecting downside breakout ? Well, then only My last two days post will be right prediction :) We have same amount of chances to take support on trendline and move up. So watch Nifty carefully, won't you love it if the breakout happens & get a ride...
My first ever published idea, need to wait for a TL break and a candle close below the TL, for a minimum price object of 1226