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Head and Shoulders

Confluence of support in this medical lab stockDr 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 trade as per your own analysis since idea is shared only for educational purposes.
NSE:LALPATHLABLong
by chartistamey
JSW steel| 2 year resistance zone breakout with inverted H&S.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 momentum. On the weekly charts, a clear inverted Head and shoulder pattern is there. It has been consolidating for last 3 weeks at the higher levels. A 'W' pattern is also there. But the RSI indicator is losing strength as there is a bearish divergence in the stock. The daily charts has respected the 20 ema and is consolidating in a box above the resistance zone. The stock is taking a halt at the higher levels. The chances of a retest is high as the indicator predicts. It can be bought at the lower levels for a 20-25% ROI in 3-4 months. Buying levels :- 773-780, 810 Target :- 970-1000 Time frame :- 3-4 months. The stock has respected the zone many times and given a break out. It will retest the zone as there are multiple confluence i.e. fibonacci levels, fixed range volume profile, moving average. Wait for the stock to retest and form a price action near the levels.
NSE:JSWSTEEL
by Mambotrade
ports ... adani ports 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 here !! When everything seems to be going against you, remember that the airplane takes off against the wind, not with it." Henry Ford.
NSE:ADANIPORTSLong
by pratik2358
Nifty50 Analysis! Trend Reversal is on the way!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 Head and Shoulder Pattern on a Daily Timeframe and it started retesting to its support level 18069. Scenario 1 = If Nifty took support at its recent level 18069 which is also one of the important Fib levels 1.618(Nifty will move up to 18369.30 ) = UP Scenario 2 = If Nifty breaks above level(Nifty will move down up to 17900 which is Neckline extended support trendline ) = DOWN Scenario 3 = If Nifty breaks above level(Nifty will move down up to 17557.40 which is a major swing level) = DOWN Rest of the Analysis you will find on chart. I have done all the possible Analysis on the chart which took lots of time. If you like this Analysis please support this Analysis. I hope you will lean something about Technical Analysis from this chart. Thank you all for your Support! Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:NIFTYLong
by Avinash9087
42
JYOTHYLAB : Swing Trade / Shortterm( 1-3 months)#JYOTHYLAB #chartpattern #breakouttrading #inverseheadandShoulder >> Clear Inverse Head & Shoulder Pattern Visible >> High Probability of Breakout on upside >> Good Strength >> Levels Mentioned on charts SWing Traders should focus on 10% profit & keep trailling 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.
NSE:JYOTHYLAB
by moneyfesttrading
PERSISTENT SYSTEMS - POSSIBLE BREAKOUT FROM INVERTED H&SPersistent Systems counter has closed a significant raising resistance line. I think, a.) we should wait for few days for the Breakout to sustain for confirmation b.) Wait for possible retesting of the Resistance line. The counter is look good for the following reasons: - Break out from resistance level that is being tested during last 18 months, during which time company has given better earnings making it more valuable (EPS from 23.08 -> 32.91 while Stock at approx. same level) - High and raising RoE, RoA, RoCE. Looks like potential long term opportunity Enter above: 5250 Stop Loss : Closing below 4925 Initial Target : Around 6080 NOTE: I am not a professional Trader/ Investment Expert/ Advisor. please exercise your judgement after independent analysis
NSE:PERSISTENTLong
by C17257