Clearly formed inverse Head & Shoulder pattern is suggesting a long entry. Being a defensive Trader, I would wait for a retest on Neckline which means possibility of missing the trade also as it does not happen always therefore other trader can buy at appropriate level depending upon their risk appetite.
Yo wass up niggaz, MRF forming Head and shoulder pattern. Trade accordingly yo
Seems like MOIL is forming a H & S pattern on daily charts. I have seen several smart chartists in this forum reporting it as a LONG. Can someone help me in identifying whether this is a wrong pattern?
Hey Friends, Here is a IF-THEN kind (double setup) (H&S breakdown followed a bullish Cypher) on nifty hourly chart. Trade levels are mentioned on chart - feel free to check it. As usual, for bullish cypher stops should be kept below X leg. More importantly watch the price action on lower time frame before making any positions & Trade with Care, Gulz.
A failed Head and Shoulders followed by a reforming Head and Shoulder. Book Profits. Also, the second shoulder is about to form, so can use that rally
Head and Shoulder formation on Bajaj Auto and MACD seems strong bullish trend. Trade: Buy above = 2846 Target 1 = 2867 Target 2 = 2884 Stop loss = 2825
Head & Shoulder pattern formed at the top of current rally is suggesting a reversal now. It is trading below the neckline so one can short the stock and look for the target of 140.
Inverse head and shoulders pattern is in formation on the daily chart. Target prices are 280, 288 and above in short term. Buying on dips can be more profitable.
Head and Shoulder formation on BPCL on 30mins timeframe. Trade : Short below = 629 Target 1 = 621 Target 2 = 616 Stop Loss = 638 Reward Points = 13 Risk Points = 9
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.
Inverse Head & Shoulder ?? -- Apollo Hospitals
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
Adaniports head and shoulders Resistance acting as support MACD divergence Can sell below 291 SL 300 for trgt 284-272
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