xauusd 4hr chartA head and shoulders pattern has formed on the 4-hour chart, and it has broken out. So, I executed the trade based on the breakout retest. Let’s see what happens.
Head and Shoulders
Inv head an shoulder indigo paints After downtrend and long consolidation
there is inv head and shoulder appearing on chart.
This being monthly chart target may take 6=8 months.
Target and SL on chart.
PRIVISCL - Weekly AnalysisIn the Weekly Chart of PRIVISCL ,
we can see that, it has given Inverted H&S breakout.
Let it retest and the enter with SL & Targets.
PENIND~~DIWALI PICK >READY FOR STRONG BREAKOUT ?NSE:PENIND
PENIND
(PENNER INDUSTRIES LTD)
DIWALI PICK 2024
CMP 207
Buy on Dips till 150
For Targets🎯222 / 238 / 259 / 285 / 299++
Positional Targets🎯 318 / 336 / 255 / 381 / 395++
Best Wishes of Diwali !!
Regards,
Harm⭕nics4Life
20/10/2024
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Technical Setup
1) Rounding Bottom on charts
2) Inverse Head and Shoulder Pattern in formation
3) Placed Strong above 190 levels (Crucial Breakout Zone)
4) At chep valuations
5) Volume addition
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Breakout Chart
Positional Chart
Inv head and shoulder in HoneywellGood reversal signal in honeywell automation.
All checkpoints are ticked..
1. Downtrend before formation of reversal pattern.
2. Volume support at break of neckline.
It is now buy on dips and targets of earlier resistances can be considered.
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I am not a Registered Financial analyst:
1 Learn the concept, not tip
2 Master 1-2 strategy, stick to it for consistent results
3. For weekly charts, Target/SL takes 1-9mon
5. Strict SL is on weekly closing basis
6. Diversify in at least 20 stocks
Mastek - Inverse Head & Shoulders -Long TermMastek :
Inverse Head & Shoulders
Is this gearing up for big move !
Breaking neckline and sustaining is crucial
Need to see
Nifty look bearishClear Head and shoulder pattern is formed on daily time frame giving target of 23,300
Nifty look bearishClear Head and shoulder pattern is formed on daily time frame giving target of 23,300
Nifty head & shoulder breakoutNifty has formed head and shoulder
With neckline around 24750
If this break down target comes around 24000 & 23300
Nifty - Head and Shoulder -DailyThis chart represents a technical analysis of the Nifty 50 Index using two key indicators:
1. **Head and Shoulders Pattern**:
- The chart highlights a classic **Head and Shoulders** pattern, where there are two shoulders (left and right) with a higher peak in the middle (the head). This pattern suggests a potential bearish reversal.
- The **neckline** is drawn -24,800 which will ack as Stoploss also, which, when broken, confirms the bearish trend.
- The measured **breakdown** distance (from the neckline to the head) is mirrored below the neckline, indicating the target 23,133 for potential further declines.
2. **Fibonacci Retracement Levels**:
- Fibonacci levels are overlaid on the chart, indicating possible support and resistance levels.
- The 0.618 Fibonacci level, which is often a significant support zone, is marked at **24,801.55**, which appears to be near the current price of **24,749.85**.
- Other important levels include 0.5 (25,083.35) and 0.786 (24,400.40), which could also act as pivot points.
The large price drop near the end, after a right shoulder formation, along with the bearish volume spikes, suggests the index is under selling pressure, and further declines are possible if the support levels are broken.
EURNZD SHOWING HEAD AND SHOULDER PATTERN WITH 1:5 RISK REWARD EURNZD SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
USHAMART - INVERTED HEAD & SHOULDERUSHAMART is seemed to be making an Inverted H&S pattern. It may go down make 2nd shoulder and then reverse. Formation of a Hammer candle at 2nd shoulder will be a good confirmation.
It is also moving in an Ascending Channel from June 2023 at Weekly chart.
330 seems a good support, horizontal and lower trendline, it may reverse from this level.
420-427 seems a Resistance.
Finding right support and resistance levels are important, and price action makes it better to understand.
For learning and educational purposes only, not an advice!
BALKRISIND looks good for a swing tradeBalkrishna Industries (BALKRISIND) has shown a strong uptrend in the major trend and has recently formed an inverse head and shoulders pattern during the pullback phase of this uptrend. The neckline of this inverse head and shoulders pattern has been broken, and the stock has also taken support at this neckline, further reinforcing the pattern. These factors together indicate a high potential for an upward move in the near future, suggesting that BALKRISIND could see significant upside.
Brent Crude - Making Reverse H&S Brent crude has been consolidating and is range-bound for almost 3 years.
Once it breaks out form the current range it would go till 124. Increasing inflation around the globe, especially for countries who are big importers of oil like India.
Adani Ports Inverse Head and shouldersinverse head and shoulders pattern confirmed in Adani ports.
same range can be acheived soon.
LIC inverted Head & Shoulder patternWe can clearly see a inverted head & shoulder pattern in LIC.
Long term trend looks bullish, I know not strongly bullish but yeah it is bullish, so we can take a short term trade for a week to 10 days long.
1st target ROI will comes around 2.8% and 2nd target ROI comes around 4.7%, which considered for a week to 10 days trade is a very atrractive return.
SL can be placed at 1020 levels which comes to around minimum 1:1 risk to reward which is quite decent.
NDL : Multi year - Cup & Handle Breakout on Monthly TFStock has given Multiyear breakout after a very long time.
Technical chart pattern formed is: Cup & Handle
Fundamentals are also improving. As it is a small cap penny stock, hence it may take years to be go up.
DISC: It just a technical analysis and not a buy or sell recommendation in any form or way. Please consult your financial advisor before betting.
Investments in the security is subject to market risks.
NOTUSDT Breakout: Is the Bullish Move Real or Just a Trap?Yello Paradisers! Is NOTUSDT setting up for a big move, or should we stay cautious? 🚨
💎NOTUSDT has broken out of a key resistive trendline and has formed an inverse head and shoulders pattern—this is a classic signal for a potential bullish move. But we’re not out of the woods yet. For this setup to fully validate, we need to see a candle close above the breakout level. Only then can we confidently say the bullish momentum is confirmed.
💎Now, here’s where things get interesting: BTC is approaching a crucial resistance zone. Given this uncertainty, it’s smarter to look for buying opportunities on a pullback. Professional traders may choose to scalp near the support levels, but for beginners, it’s better to stay on the sidelines and avoid any unnecessary risks.
💎Keep in mind: If NOTUSDT breaks down and we see a few candles holding below the support level, it will invalidate our entire analysis.
Be patient, disciplined, and wait for the right moment—this is how you win in the long run, Paradisers.
MyCryptoParadise
iFeel the success🌴
HINDALCO 1DSwing Trading Setup:
Instrument: Hindalco Industries Ltd (NSE)
Timeframe: Daily Chart (1D)
Chart Analysis:
The stock has broken out above a horizontal resistance level around 713.30, which was previously a strong resistance point.
The breakout is accompanied by a strong green candle, indicating bullish momentum.
Entry Criteria:
Buy Entry: Enter a long position if the price sustains above the breakout level of 713.30. Ensure that the breakout is confirmed by closing above this level, preferably with strong volume.
Confirmation: You can wait for a pullback to the breakout level (around 713.30) and enter if the price shows bullish reversal signs like a bullish engulfing candle or a pin bar near this level.
Stop Loss:
Place a stop loss slightly below the breakout level, around 700.00. This gives the trade some room to breathe without risking too much capital.
Target:
First Target: 750,800++
MOTHERSON - LONGLooking forward for a good swing.
Patterns observed : (Bullish Flag + Inverted Head & shoulders)
Final target : 250+
Note: Analysis for study purposes only.
Descending channel Breakout reversal strategyLINDE INDIA
1. Descending channel Breakout reversal strategy
2. Inv Head and Shoulder Pattern
3. Close within 52W high zone (-12.6%)
3. Close above the previous day's high
4. Close above last week high
5. Close above last month high
6. High increase in 1 month (+18.8%)
7. High increase in 6 months (+33%)
8. High increase in 12 months (+47.9%)
7. Promoter holding 75 %
8. Pledged percentage 0 %
9. Change in Prom Hold 0 %
10. FII holding 3.03 %
11. Chg in FII Hold +0.72 %
12. DII holding 6.84 %
13. Chg in DII Hold -0.61 %
14. Stock PE 168
15. Industry PE 39.9
16. ROCE 17.4 %
17. ROE 12.9 %
For Educational Purpose Only
BHEL upmove above 322 breakoutBHEL great consolidated H&D pattern. immediate target will be 375. Then based on fibo extensions further targets just trail.
