The stock is forming Irregular Head & Shoulder pattern with 4 Shoulders and 2 Head and is close it to be traded. Irregular Head & Shoulder Pattern works well mostly so get ready to take advantage of it. Close above 721 would trigger the trade with suitable stop loss. Please note that it has not triggered the long yet I am posting just because I am going out for a...
It is been observed on the Daily Chart that the price action forming an inverse bullish Head-N-Shoulder pattern indicating a bullish move ahead. It shall perform well once the price action breaks above 500 levels to confirm a breakout of the pattern trendline .
Target: 520
Stoploss: 474
*Kindly note that the trade shall be active once the price action breaks...
Nicely formed Inverse Head & Shoulder pattern is ready to give breakout. Posting in advance as market seems to have gap up opening and mates can take advantage of it. Those who are following my Action/Reaction learning series can also notice marked AR Set which catches the reversal perfectly.
It has been observed that an inverse Head & Shoulder pattern has emerged on the Spot Gold hourly chart with a retrace back to the neckline which has held well.
Long Entry : 1219.63
Target : 1258
Stop : 1198.92
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.
(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
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
Cipla traded and closed below the Neckline of recently developed Head & Shoulder pattern. The pattern is self explanatory so need not to elaborate here.
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...
