H & S Correction is almost over (It is not necessary that after H & S correction, it may move up)
After the present market corrections, one may consider for entry
Also note that it is already retraced 61.8 % from the top and is started to move up ( A normal concept only)
Present RSI is 45.3
Two expected targets for short / long term is given.
Disclaimer: It...
Hello Friends So as we all know that after the crisis of 2020 Covid crash the market boomed rapidly up and respect any resistance but after the year 2021 was just 4 months away from ending Market crashed for the first time and after it we can see some more possibility of going the market down as we have spotted a head and shoulders pattern in nifty and also the...
Hello I don't know that have you spotted it or not but..... i spotted it today when i was analyzing Nifty 500 i found Cholamandalam Housing i found a very small head and shoulders but when i looked it more deeply i found this. But as you all know we can't sell it like intraday as we can only buy in delivery so but to take knowledge you can watch some similar...
Hi All,
Looking at chart for the pair, I previously expected the pair to form an inverted H&S, but instead of that, the pair is trying to form a DB to move ahead.
The plan is to look for a short sell in this pair.
Entry , Sl and TP marked.
Thank you
Inverted head and shoulders pattern is very common reversal pattern. After a downside or a range bound structure this pattern can be fruitful. Basically the targets are same as the depth of the Head. Head is the middle portion followed by a shoulder on each side. There is a neckline connecting all the points. Here the neckline comes around 180. The stock made a...
CUMMINSIND:- The stock has formed a head and shoulder pattern on the daily chart, keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about...
CRUDEOIL - MCX
Study on Daily Chart
1. M- Pattern
2. Inverted Head and Shoulder Pattern
This chart is only for educational purpose . Do your own study before taking any trades
GUJALKALI:- Head and shoulder has formed wait for the breakout till then keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know...
AFFLE:- Head and shoulder has formed, breakout has also given, keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all...
Wonderla had given weekly breakout of IVHS pattern almost 1 week back and has consolidated from then.
Today, it has given breakout from ATH and looks bullish for a swing as well as a positional trade.
ANUP:- The stock has given a breakout by forming a head and shoulders pattern and is back for retesting, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check...
Nifty 50 has format head and shoulders and turn on daily timeframe also retesting previous trend line on last trading day of first week of March if recent bottom of 17,300 is broken then we can see damage towards towards 17,000 and 16,500 in upcoming days.
Once investor should book profits on index and wait for the value buying at 12,500 to 13,500 feet price...
Inverted Head & Shoulder in Ultratech Cement (SL on 15 min. candle close)
Buy above 7299
SL 6005
Target : 7968, 8657
CMP 7215 @ March 03, 2023
Chart by CA Savita Rehlan
It looks like Nifty is forming a IVHS pattern on 15/30 min TF. The neckline of IVHS is around 17480-17500 levels which will be a strong resistance.
RSI is showing divergence in 30 min TF which might indicate an upmove. 17200-17250 is the next strong support for Nifty which is very close to the CMP and hence, a short trade might not be a good option.
However, US...
