Hello Everybody, I am back with yet another Head and Shoulder pattern - long opportunity. Look at the Nifty 50 chart at 15mins time frame. you are going to see the H&S pattern once again. You know what this means—a long opportunity! TGT = Depth of the head SL = Low of Right Shoulder Long term TGT = recent swing high I am going long... PS: Post for analysis...
NSE:NIFTY Bulls managed to take control after 2 negative days and kept the market above 50% range of yestterday and closing near days's high. Looks like a H&S in formation on 30mins chart. aboove 550-570 range we can expect Bullish momentum.
BankNifty Weekly Analysis Banknifty has fallen an impressive 3.18% compared to just 1.89% of Nifty. The major reason for that is Banknifty always acts as leading indicator in a trend change NiftyIT and Reliance were supporting Nifty in the last week. Once the US market started falling due to the Fitch rating downgrade, NiftyIT started correcting which ensured...
After correction for more than 1yr there is first sign of reversal seen in Sumitomo chemical T1 490 T2 525 SL 397. Its better to Buy on dip for better risk reward
Breakout after news of - "bags order worth Rs 440 cr" Volume spikes Inverse Head and Shoulder Pattern
HOURLY CHART:- INDIABULLS HOUSING FINANCE gave a breakout on hourly chart with a well known inverse H&S pattern. Expecting a tgt of 150 in coming 5-7 days. Pattern stands invalid below 108. Risk to Reward is not favorable for new longs as SL is quite far but people who are already in trade can trail their profits.
Hikal is standing on a strong support trendline. Stock can reverse from CMP. SL and target on the chart. Not a recommendation but a reversal idea shared for educational purposes
SIS The Head and Shoulders Bottom pattern emerges after three consecutive price declines, occurring after a significant downtrend. The pattern consists of three distinct parts: the lowest low in the middle (referred to as the head) and two higher lows on either side (referred to as the shoulders) that are approximately at the same level. During the formation of...
The stock had been in downtrend since its listing. Had made Inverted Head & Shoulder Pattern after listing but was unable to sustain, however continued the downtrend forming rounding bottom pattern. Now, the stock has given 6month breakout. Even though earlier Inverted H&S pattern is invalid, I have shown intermediate targets based on the same. All levels shown...
Reliance Industries Daily Analysis! Inverted Head and Shoulder Pattern Formation in Reliance Industries on Daily Timeframe! Does trend reversal will happen? Does the clear downtrend will be converted into Uptrend? NIFTY also forming the same pattern please look Nifty Analysis also by clicking on the below link! As we know the Inverted Head and Shoulder...
Banknifty for ( 30/07/2023 ) Enter once after " Breakout and Retracement " . . For " long " entry: 45530 target: 45760 stoploss: 45450 . . For " Short" entry: 45380 target: 45250 - 45020 stoploss: 45510 . . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " simple,...
krbl- inverted H & S- min 40-50% swing trading . entry: 380 target:495 stoploss: 340 . . . more probability for bullish.. reload chart for clear view an hour ago . use desktop site. reset chart size for clear view . first use " + " in the chart, for zoom.. next rest chart for better view
WIPRO being in consolidation for a while now can give good RRR entry one can enter above 404 putting SL below 395.4 and take targets 450,500,and 550
In the Weekly Chart of ACC , we can see that; it has given Inverted Head & Shoulder breakout. Let it retest properly then we can enter with SL and Target.
I had posted a long term buy opportunity in L&T. Long term because the head an shoulder pattern had formed in Weekly time frame. See how beautifully the stock has touched the target and still running string. Next target is double the first target. I will keep the stock with trailing SL below the 10 monthly moving average.
After consolidating for 1.5 yrs, trendline breakout of last 1 year high and breakout of inverse head and shoulder pattern on weekly timeframe happened today. Entry at today's closing price = 574.35 SL, Target mentioned in chart.
Bank nifty zones along with the head and shoulder breakout. expecting 900 points fall in coming days