Persistent systems has been in strong bull run from 2020 to end of 2021. Since 2021, the stock is consolidating and has formed a beautiful inverted head and shoulder consolidation as a flag of flag pole pattern The stock might start a new uptrend above 5000. However, buying at top in such volatile market is risky. Kindly trade as per your own analysis.
Dr Lalpathlab has corrected significantly post its all time high of around 4200. As seen on the chart, the stock is standing on a crucial support trendline and also has recently bounced from its strong demand zone in weekly time frame. RSI positive divergence can also been seen in the chart. This stock can touch levels of around 2330, 2600 in medium term. Kindly...
The pattern which started weeks back is now about to give the fruit. Look at the chart of L&T. How beautifully the chart broke out of the Head and Shoulder pattern and now is about to give the target. Patience and sticking to 1 pattern is the key to technical analysis.
On a Daily time frame TATA STEEL is forming Head & Shoulder pattern giving us target of 170 by the neckline.
Nifty is forming head and shoulders pattern and also looking weak on charts. Currently market is on sell on rise mode. IT companies results will start from this week. Result are expected to be not so good. We can see levels of If it broke Neckline 19330 it will go down to Target 1: 19230 Target 2: 19140
JSW steel has been respecting a resistance zone around 780 levels from May 2021 and has finally given a break out. Is stock going to carry the bullish movement or break out is fake out?? The stock has given a close above the levels on the weekly time frame and at the same time the gravestone doji is creating a confusion of stock gaining some positive...
In the Weekly Chart of INDIGOPNTS , we can see that; it might form a Inverted Head & Shoulder. Expected momentum is shown in chart.
Weekly TF:- Inverse H&S breakout on #TATAMOTORS , one can enter on retest level. Tata motors is headings for 1000+ in coming 12-15 months.
Banknifty Time frame = 15 Min Pattern = Head and Shoulder Type = bearish Manor support = 44500----44250 250 Point Major Support And Reversal Level
Banknifty is forming a hourly H&S but has not yet broken down #Nifty is bullish though
HS pattern and Possible Support breaks to cover previous unfilled gaps: PARADEEP Short(Sell) below 57.7 SL above 60 Targets: 55.25, 54.5, 53.2-- ***Educational Purpose only***
IPCALAB head and shoulder about to breakdown can we have 875 750
NSE:BANKNIFTY can go downside tomorrow 6 July 2023 let's see
the counter which was hammered by heidenburg reports!! i expect it to touch a 15% upmove area multiple reasons beyond technicals one is to maintain market cap of the group being one of the nifty stocks in adani folio other stock may show underperformance but such counter with real value are someone who should perform ! i like a quote that could be useful...
NIFTY50 Daily Analysis! Head and Shoulder Pattern Formation in NIFTY 50! Head and Shoulder Pattern Breakout in NIFTY 50. Currently Retesting! NIFTY 50 was clearly in a Downtrend till 28th March. Nifty has moved in downtrend is about 4 months. From December 1 Nifty is falling like anything. After that Nifty started moving upwards. Now Nifty has made a nice...
BHARATFORGE breakout in 1Day TF with Head and Shoulder pattern and with W pattern Good for Long Target 874, 890 and 900 SL 830
GBPUSD has has been forming a bullish inverse H&S pattern. Price has retested the neckline. A bullish pennant pattern has been spotted above the neckline on lower tf. Price is yet to break the pennant and make a move to the upside.
Inverted Head and Shoulders pattern, Ready for Breakout. Short Term Targets: T1: 44200 T2: 44460