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Head and Shoulders

Head and shoulder pattern break out in M&M.Mahindra & Mahindra is forming a new ATH and has closed above the neckline of the inverted head and shoulder pattern. The shock on the weekly time frame has given a nice closing near the ATH and on the daily time frame test the 20 ema after taking a retest from the resistance zone then giving a breakout. Sector and stock both has closed near the ATH. There is a much chance of carrying on with the break out and hitting 1.618 and 2.618 Fibonacci levels. Auto sector has also move more than 1.5% which also helps in carrying a bullish trade in this stock. In the second half of the trading session the stock has consolidated on the higher levels and closed just around it. 3 point confirmation. 1. Break out of Inverted H&S pattern. 2. Retested before giving a breakout. 3. Auto sector also forming ATH. Target:- 1628, 1700 Stop Loss :- Close below 1575 (hourly candle). Stock can be bought for the targets. Even swing and positional trades can be carried in the september series. Wait for the price action near the levels before entering the market.
NSE:M_MLong
by Mambotrade
Inverse Head & shoulders in BHEL.We can see on the weekly timeframe, the stock has been consolidating for two years, forming an Inverse Head and Shoulders pattern. On the daily timeframe, there's a breakout with a smaller candle above the Neckline. However, there's a possibility of a fakeout, so we'll wait for a strong confirmation. We'll enter the trade only when there's a bigger green candle than the previous one and should sustain above the line as that would be our trigger. If the trigger is met, we can consider going long on the stock. Our target would be to achieve more than a 15% gain, while setting a stop loss at 8% to manage potential risks. Buy- 102 Target- 120 Stoploss- 94 Note- I am not SEBI registered, Please consult your adviser before Investing.
NSE:BHELLong
by BullishLine
Share India: Breakout and Growth Potential.Hello guys I hope you guys are doing great. I am back again with a short analysis of share India securities LTD. Chart is self explanatory so, we will keep it to the point. As we can see in weekly timeframe Share India has been consolidating for the past 18 months. Initially, it formed a descending triangle pattern and gave a breakout. Subsequently, it started forming a head and shoulders pattern, and this week it experienced a strong breakout. The company is fundamentally strong. Although it falls under the small-cap category and operates as a stockbroker, it is experiencing significant growth. We could consider a target of 25% with a stop loss set around 18%. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Note: This is for informational purposes only. Do your own research before investing.
SLong
by BullishLine
RSWM - Flag and Pole PatternHello Trader, Came across a stock from the textile space that is looking good on both technical and fundamentals levels. Technically it has formed a head and shoulder on daily with a pullback or a probable flag and pattern, it has also corrected well and seems like a good time to trade CMP: 200 Target 1: 216 (R:R - 1:1) Target 2: 232 (R:R - 1:2) Stop Loss: 184 R:R - Risk to Reward Ratio On weekly we can also see it forming a Higher high and Higher low Fundamentally on the intrinsic value front it is undervalued and has great potential has a long term investment as well
NSE:RSWMLong
by VArun1000
JUV/USDT Analysis: Head and Shoulders Pattern Points Bearishness💎 Attention Paradisers, Let's take a look at JUV/USDT on the hourly chart. We're seeing a classic head and shoulder pattern forming, signaling a potential bearish shift. The left shoulder and head are showing higher highs, while the right shoulder is indicating a lower high, suggesting a change in momentum. 💎 If the price breaks below the crucial neckline and demand zone at 2.098, we could be in for a ride down to the next demand levels at 2.049, 2.013, and 1.985. 💎 Keep your eyes peeled and your strategies ready, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
NIfty 50 : levels for coming week(s)Hello traders, hope you had a great weekend. This previous week was a rollercoaster for Nifty. Bulls were able to drive Nifty up to 19565 but then failed to sustain it and bears aggressively stepped in and trashed the buyers in the market. We saw market closing below 19250 on Friday. That's the lowest close since July 3rd. We can see that Nifty has printed a classic Head and SHoulders on charts. This is a 30m chart here. If we see a reversal back above 19400, then only i am hoping that Bulls will be able to gain control back. If market manages to make new low on 1hr, we might see Nifty touching 18850. 18660 is the possible Demand zone. Possible Support levels: 18851, 18660, 18453. Bears will fear only above 19400 and Bulls get full control above 19562 (last swing high). Give this post a like, if you agree with this analysis. Disclaimer: This is my trading plan and i am just sharing it here. I do not intend to post it here as a trading advice or suggestion. It is shared here only for the sole purpose of sharing and discussing with fellow traders. Do your own due diligence and trade responsibly.
NSE:NIFTY
by srtrades_
ICP/USDT: Bearish Head and Shoulders Pattern - Stay Alert!💎 Paradisers, Let's dive into ICP/USDT on the daily chart. We're spotting a head and shoulder pattern. Now, while this pattern's reliability isn't typically strong near market bottoms, the overarching bearish sentiment in both ICP and the broader crypto market boosts the likelihood of this pattern playing out. 💎 For the bears to take control, we need to see a breakdown below the pivotal level of 3.146, followed by a retest. If that happens, we could be looking at a slide down to the next demand zones at 2.314 and 1.792. 💎 Keep your trading strategies flexible and stay alert, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
Cracking the Code: Unveiling BANKNIFTY's Present Echoing June 5,By Surendra Greetings, astute followers of the financial landscape. Today, let's embark on a journey that delves into the captivating parallels that have unfurled within the Indian equity market. As of August 26, 2023, we stand witness to a scenario that appears to mirror a pivotal day from the annals of history – June 5, 2013. Strap in as we dissect the tale of BANKNIFTY, its interconnectedness with the broader market, and the invaluable lessons history beckons us to learn. Deciphering the Dance between Nifty 50 and BANKNIFTY Our first port of call on this enlightening voyage is a fundamental assumption that's akin to a guiding star within the Indian stock market's cosmos. The banking sector's trajectory, as embodied by the BANKNIFTY, often dances in resonance with the movements of the Nifty 50 Index – a constellation of India's premier 50 companies. This unspoken correlation between these indices unveils a wealth of insights, akin to hidden gems within the market's labyrinth. Nifty 50's Ripples and Sectoral Echoes Picture this: a giant – the Nifty 50 Index – teetering on a precipice, encircled by eager sellers vying to tilt the balance. The implications, however, transcend this singular entity. The tremors unleashed here send seismic waves coursing through the sectors, each swayed by the same tide. This dynamic underscores the domino effect, where the fate of one index orchestrates the rhythm of the broader ensemble. Déjà Vu: June 5, 2013, and the Present Parallels Have you ever experienced that uncanny sense of déjà vu, where the present feels eerily reminiscent of the past? In the theatre of finance, such a phenomenon is unfolding before our eyes. Transport yourself to the canvas of June 5, 2013 – an epochal date etched in market chronicles. Fast-forward to the present, and history's echo resounds as we observe the emergence of a foreboding head and shoulder pattern within BANKNIFTY's price dynamics. This motif, much like a crescendo in a symphony, often signifies an impending transition from an upward trajectory to a downward trajectory. Unveiling the Enigma of the Current Banking Sector Shifting our gaze to the banking sector, the pulsating heart of economic machinations, a tapestry of signs and signals unveils a picture akin to that of 2013. Within this intricate weave lies the testimony of a sector grappling with recessionary undertones. Strains in liquidity and financial flux mirror the strains of yore, painting a canvas of financial stress. Chess Moves of Investors, the Symphony of Corrections, and the Battleground of the Job Market Imagine a grand chessboard, where investors, the players, maneuver their pieces with prudence. Presently, these seasoned strategists are relinquishing some of their positions, perceiving the signs that precede a market shift. Throughout history, this retreat has often presaged impending corrections. Brace for impact – a correction may well be knocking on the market's door. To add to the complexity, this period of correction might usher in a consolidation phase – a lull before the next crescendo. Yet, the narrative extends beyond trading terminals. Much like ripples extending outward from a stone cast into a pond, the banking sector's tribulations could cascade into the job market. A scenario reminiscent of 2013 looms, where jobs become battlegrounds as the economic turbulence plays out. Final Thought: Guiding our Way with the Torch of History In conclusion, the tapestry of BANKNIFTY's current state weaves itself into the tapestry of June 5, 2013. The intricate interplay between Nifty 50's struggles and the destiny of BANKNIFTY serves as an invaluable compass through the market's labyrinth. As we navigate these dynamic waters, be prepared for the fluctuations of correction and the tranquility of consolidation that may shape our investment voyage. Remember, the echoes of history can illuminate our path as we navigate uncharted waters. Stay curious, stay vigilant, and let the lessons of the past steer us towards informed decisions.
NSE:BANKNIFTY
by surendrachoudhary628
2
Banknifty ( Weekly Contract )Banknifty . (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 44575 / 45025 target: 45030 - 45250 - 45760 stoploss: 44430 . . For " Short" entry: 44430 target: 44250, 44030 stoploss: 44580 . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " Simple, Focus on Consistency "💹. Refer our old ideas for accuracy rate🧑‍💻. Valuable comments are welcomed-✌️ . . Disclaimer: Our Trading style is not to capture "10-20" points per trade.📊 We take entry only for min "100-300" 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.🧑‍💻
NSE:BANKNIFTY
by TheNuraTrading
Nifty 50 ( For minimum 100-200 Points Target )Nifty 50. (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 19420 target: 19505 - 19545 stoploss: 19380 . . For " Short" entry: 19375 target: 19300, 19250 stoploss: 19420 . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " Simple, Focus on Consistency "💹. Refer our old ideas for accuracy rate🧑‍💻. Valuable comments are welcomed-✌️ . . [i ]Disclaimer: Our Trading style is not to capture "10-20" points per trade.📊 We take entry only for minimum "100-250" 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.🧑‍💻
NSE:NIFTY
by TheNuraTrading
RUNE/USDT: Trend Reversal Alert - Head and Shoulders Analysis!💎 Attention Paradisers, let's look at RUNE/USDT on the hourly chart. We see a head and shoulders pattern forming, which could mean a change in trend. The left shoulder and head show higher highs, while the right shoulder represents lower high. This could signal a shift from bullish to bearish. 💎 If the price goes below the neckline and the demand level at 1.334, we might see a bearish trend. In that case, the price could drop to demand zones at 1.161, 1.042, and 0.953. 💎 Remember, stay alert and trade smart, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
BNB/USDT: Bullish Breakthrough - Inverse H&S with RSI Divergence💎 Hey ParadiseSquad, let's focus on BNB/USDT. Looking at the 1-hour chart, we can spot an inverse head and shoulders pattern accompanied by bullish divergence on the RSI. Notably, the right shoulder is shorter than the left one, indicating a pattern of higher highs and higher lows. 💎 If the price successfully breaches the resistance level at 220, we could reasonably expect a strong bullish upswing targeting the next resistance points at 224.7 and 230.4. However, if the price drop below the invalidation zone of 211.5, this bullish pattern would lose its significance. 💎 Presently, the price seems to be consolidating around the breakout level. Remember, the more the price lingers here, the greater the potential for a significant move. Stay sharp with your trading instincts, ParadiseSquad!
Long
by MyCryptoParadise_Nathan