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Head and Shoulders

NIFTY getting very weak below this level As we can see NIFTY fell unidirectionally after showing a small up move in the first half as we analysed that unless NIFTY breaches 19500 level, it remains negative. Now we can see NIFTY has formed more like a head and shoulders pattern in smaller time frame and following the global cues we may expect a negative opening of NIFTY but if it opens flat and breaches 19300 level we may expect a great directional fall but if it opens with huge gap down then we may see NIFTY hitting demand zones present with gaps creating noise in the market so plan your trades accordingly
NSE:NIFTY
by Wealthcam
Spotting Reversal Potential: GMX/USDT Daily Chart Analysis💎 Paradisers, let's take a closer look at GMX/USDT. On the daily chart, a head and shoulder pattern is emerging, hinting at a potential price reversal. Here's the breakdown: the left shoulder indicates higher highs, the head continues this trend, but the right shoulder? It's showing a lower high, signaling a possible shift. 💎 For this pattern to truly manifest, we'll need to see a breakdown of the neckline, confirming the trend of lower highs and lower lows. Specifically, a dip below the demand zone of 38.07 could pave the way for targets at 25.77 and even 15.92. However, a word of caution: if the price climbs above the right shoulder's peak, specifically the 63.07 mark, this pattern could be off the table. Why? Because that would mean a new higher high, disrupting the pattern's integrity. 💎Stay sharp and keep those charts handy, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
JKPAPER - Keep in radar!JKPAPER Technical analysis pattern known as the "Head and Shoulders Bottom," also referred to as an "Inverse Head and Shoulders" pattern has been formed on daily chart of JKPAPER. This pattern is often considered a bullish reversal pattern, indicating a potential change in trend from a downtrend to an uptrend. Here's a breakdown of the pattern: Downtrend Phase: The pattern forms after a significant downtrend in the price of an asset. Formation of Lows: The pattern consists of three lows. The first and third lows (the "shoulders") are higher than the middle low (the "head"). This forms a distinctive shape resembling a head and shoulders, but in an inverted position. Volume Analysis: During the formation of the pattern, you typically observe higher trading volume during the first two declines (shoulders), indicating strong selling interest. As the pattern progresses into the right shoulder, trading volume usually diminishes, showing decreased selling pressure. Neckline: Drawn between the two highs (shoulders), the neckline acts as a level of resistance that needs to be broken for the pattern to be confirmed. Reversal Signal: The bullish reversal signal occurs when the price breaks above the neckline. This breakout signals the potential end of the downtrend and the beginning of a new uptrend. The breakout is often accompanied by an increase in trading volume, indicating a surge in buying interest. Confirmation: For the pattern to be considered confirmed, it's important that the price closes above the neckline, preferably on higher volume. This confirms the change in sentiment from bearish to bullish. Price Target: To estimate the potential price target after the breakout, you can measure the distance from the head (lowest low) to the neckline and project that distance upward from the breakout point. Remember that while technical analysis patterns like the Head and Shoulders Bottom can provide insights into potential price movements, they are not foolproof indicators. Markets are influenced by a wide range of factors, and patterns may not always play out as expected. It's important to consider other forms of analysis and risk management strategies when making trading decisions. Note for everyone who came across this reference: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:JKPAPER
by hardeepssethi
Read or Regret - Head and Shoulders Pattern Alert for OP/USDT 💎 Paradisers, let's zoom into OP/USDT. On the 1-hour chart, a head and shoulder pattern is taking shape. However, there's a twist: the right shoulder is a tad shorter than the left one. This suggests we might need to see some consolidation before any potential breakdown of the demand and neckline zone at 1.394. 💎 If OP/USDT does break below this zone, our sights are set on potential descents to the demand levels at 1.279 and possibly 1.168. But remember, if the price climbs and surpasses the right shoulder's peak, specifically the 1.575 mark, this pattern might no longer hold water. 💎Stay vigilant and keep those charts close, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
Banknifty (only for min 100-300 points target)Banknifty . (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 44620 / 45120 target: 45030 - 45250 - 45760 stoploss: 44500 / 44980 . . For " Short" entry: 44410 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
SOL/USDT: Inverse Head & Shoulders Sparks Bullish Buzz!💎 Hey Paradisers, let's shift our focus to SOL/USDT. On the 1-hour chart, it's shaping up an inverse head and shoulder pattern, hinting at a possible bullish turnaround. 💎 Should SOL/USDT successfully breach the neckline and overcome the 26.06 supply barrier, we could be in for an upward ride with potential resistance levels at 27.22, 28.47, and 29.09. But, if it struggles to break out and slips below the critical 23.91 level, this pattern might lose its validity. 💎Stay sharp and trade smart, ParadiseSquad!
Long
by MyCryptoParadise_Nathan
one year consolidation over and life time high Menon Pistons Ltd is in the business of manufacturing of auto components such as Pistons, Gudgeon Pins, Rings, Auto shafts for commercial vehicles, tractors, passenger cars and heavy duty stationery engines. fundamental analysis 2023 Q1 beating all time high operating profit PBT also beating all time high as follow net profit technical chart head and shoulder pattern breakout at 65 level upside chance 175 level keep stop loss 55 huge risk reward ration global market are bearish take own risk fundamentally and chart pattern all are good healthy. take own risk we are not recommend for buy and sell
BSE:MENNPISLong
by investigationofchart
Head and ShoulderDistinct and clear patterns are usually good for learning price action. Current H&S formed in bank nifty ticks all checkboxes. 1. It is formed after reasonable up trend. 2. Pattern appears clean. 3. Target is reaching a logical level of 200dma 4. Most of positive news are gone by and interest rate reduction is still 2~3 quarters delayed. This may not be total trend reversal but around 4% downside is possible. While such move may not be useful for swing traders, it can create good buying opportunity in your favorite banking stock.
NSE:BANKNIFTYEducation
by yndesai
DOGE/USDT's Explosive Chart Signals Major Bullish Move Ahead!💎 Hey Paradisers, let's dive into DOGE/USDT's 1-hour chart. An intriguing pattern emerges: an inverse head and shoulder formation. Notably, the right shoulder stands taller, and the price has surged past its previous peak, hinting at bullish vibes. 💎 If DOGE/USDT break the neckline at 0.07752, a bigger bullish shift might be underway, potentially turning resistance into support after breakout. What's on the horizon? Our focus is on upcoming demand zones at 0.07839, 0.07973, and 0.08239. But remember, if the price slips below the right shoulder's base at 0.07469, this pattern could lose its charm. Stay sharp and navigate wisely, ParadiseSquad!
Long
by MyCryptoParadise_Nathan
INJ/USDT : Trend Reversal in the Making? Don't Miss This!💎 Paradisers, let's turn our attention to INJ/USDT. On the Daily chart, it's carving out a head and shoulder pattern, signaling a potential trend reversal. Notably, the right shoulder is smaller than its left shoulder, indicating a shift towards forming lower highs. 💎 If INJ/USDT slide below the demand mark of 7.490, it would pave the way for a series of lower lows. This movement could amplify confidence in a bearish direction, potentially steering the price towards demand zones at 6.829, 6.201, and 5.681. However, if the price ascends beyond the right shoulder's peak at 8.378, this pattern might lose its validity. Trade carefully and stay sharp, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
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