Bullish Inverted H&S Pattern BO in Bharat WiresIntroduction:
Bharat Wire Ropes Ltd. engages in the manufacture and sale of steel wire ropes, wire strands, and wire rope slings. Its products include different types of ropes including general purpose ropes, fishing, crane, structural, elevator, mining, oil and gas, and shipping ropes. It also offers mechanically spliced and hand spliced slings, earth wires, stay wires, and spiral strands. The company was founded in 1986 and is headquartered in Mumbai, India.
Analysis
A Bullish Inverted Head and Shoulder pattern is visible on the Daily chart of NSE:BHARATWIRE NSE:IWEL with huge volume.
MACD gave Positive crossover on Daily, Weekly and Monthlychart. So, expecting the momentum to continue.
One can create a fresh position in the scrip near Rs. 290-300 levels with the stoploss of Rs. 280.05 on Daily closing basis for the following targets 305.15, 312.25, 321.05, 329.15, 335.60, 342.05, 348.95 and 354.90.
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
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Head and Shoulders
IBULHSGFIN: Miracle!, present value is less than Book value.Points to consider:
1. Head and Shoulder pattern,
2. 3 years of accumulation,
3. Volume increased considerabally in recent months.
4. Book value is 384 means half of the value of present price.
CUB: 3 years of accumulation with 3 times HEAD AND SHOULDER Points to consider: Only for long term.
1. 3.5 years of accumulation period,
2. 3 times head and shoulder pattern
with 2 times breakout failure,
3. means this is a to 3rd time breakout in future,
3. highest volume in previous month,
4. 25% of Compounded Profit Growth,
5. PEG ratio 1.21
Thanks for Day Trader Telugu and other masters.
Note: I am not a SEBI registered Adviser,
please do your own analysis or consult financial
advisor for taking entry, stop loss or target.
AUD/USDOn 1hr timeframe we can see head and shoulder pattern then breakout of the neckline after closing below the neckline i took my entry my target is 2.5 RR or 200 Exponancial moving average and my stop is entry candle's high.
Hope you will learn how to trade H&S pattern hear results will be in front!!
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#DISHTV short trade idea setup 21/11/23Greetings Folks,
today I have prepared a setup of DISHTV on NSE
the analysis is as follows-
- the price recently broke out of a descending trendline
- it created a lot of imbalance in the process
- the imbalance is essential to get filled
- the price is also making a bearish pattern i.e head & shoulder
- trade when price break the neck of the pattern
don't play with fire, always use a predefined stoploss
Ashok Leyland : Swing Trade#ashokley #patterntrading #Breakoutstock #inverseheadandshoulder #swingtrade
Ashok Leyland : Swing Trade
>> Breakout Candidate
>> Inverse H&S Pattern Visible
>> Good Strength & Volumes Picking up
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Amara Raja Energy & Mobility (ARE_M) : Swing Trade#ARE_M #patterntrading #breakouttrading #momentumstock #swingtrade
Amara Raja Energy & Mobility : Swing Trade
>> Inverse H&S pattern Visible
>> Good Strength & Volumes picking up
>> Momentum stock : U may see sudden spurts of Volume
>>Risky Trade, Book Profits timely
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
SAIL : short Term cakewhy to choose?
1. Head and Shoulder Pattern.
2. 136 is book value(present price is under Book value).
3. Started to retrace.
Thanks for Day Trader Telugu and other masters to learn fundamentals.
Note: I am not a SEBI registered Advisor, Make your own analysis or consult Financial Advisor before investing your hard earned money.
Weekly Bullish Breakout in LALPATHLABA Weekly Bullish Inverted Head and Shoulder pattern is visible in the charts of NSE:LALPATHLAB
Inverted Head and shoulder pattern is a bullish reversal pattern and it is visible in charts after a meaningful downfall in the $NSE:LALPATHLAB.
The stock has made a life high of Rs. 4245.50 and gave highest daily close of Rs. 4208.60, highest weekly close of Rs. 4117.40 and highest monthly close of Rs. 4051.55
MACD already gave Positive crossover on Daily and Weekly charts
and on the Monthly chart it is on the verge of giving positive breakout. So, expecting the momentum to continue.
The daily and weekly RSI is also in bullish zone.
One can look to create a fresh position in the scrip near Rs. 2500 levels with the stoploss of Rs. 2302.50 on weekly closing basis. The 1st target will be 2632.50, 2nd target will be 2752.85, 3rd target will be 2892.10, 4th target will be 3028.65, fifth target will be 3164.00 and sixth and final target will be 3250.
And finally this study is for educational purpose only.
INDIGO PAINTS 1MIndigo paints is forming a inverse head and shoulder on a monthly timframe. Company have a very good fundamentals and a good PE ratio as compared to the Industry PE ratio. the stock price a=can shoot up once it break the marked resistance. You can take trade according to your own analysis.
Banknifty (Weekly Analysis)Banknifty. (Only for Experienced traders" )
Enter after " Breakout and Retracement ".
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For " long "
entry: 44520 / 44575
target: 45030 - 45250 - 45760
stoploss: 44410
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For " Short"
entry: 44250
target: 44030
stoploss: 44320
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Enter only if market Breaks
"Yellow box" mentioned.
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Wait for proper reversal and conformation.
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Don't make complicated trade set-up.📈📉
Keep it " Simple, Focus on Consistency "💹.
Refer our old ideas for accuracy rate🧑💻.
Valuable comments are welcomed-✌️
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Disclaimer:
Our Trading style is not to capture "10-20" points per trade.📊
We take entry only for min "200-300" points without any distractions.💹
So, our ideas may not be preferable for small traders, who just focusing on too much of support and resistance.📈📉📈
So, please consider others ideas.
This is for educational purposes.🧑💻
Orient Cement : Swing Trade / Short term (1-3 months)#orientcem #patterntrading #insidebar #insidecandle #inverseheadandshoulderpattern
Orient Cement : Swing Trade / Short term (1-3 months)
>> Good Trending Stock Setup
>> Good Inverse Head & Shoulder Breakout
>> Inside bar Formation after Breakout
>> Good Strength in stock
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.