This PSUBank stock is looking strongFundamental analysis:-
Bank of Maharashtra is a PSUBank stock which can give good returns in short as well as long term.
The stock has a good dividend yield and is available at a cheap price as per PE and PB ratios.
Technical analysis:-
The stock has given a breakout from Inverted head and shoulder pattern. A closing above 32.45 can provide more than 10% returns.
Entire PSU bank sector is currently bullish.
Note:-Idea is shared for educational purposes and should not be taken as a recommendation.
Head and Shoulders
DCB Bank : Inverse Head & Shoulder Pattern#dcbbank #swingtrade #momentumtradeing #swingtrading #patterntrading
DCB Bank : Breakout soon
>> Inverse H&S pattern visible
>> Good Volume & Strength in stock
>> Good Relative Strength
Swing Traders can lock 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.
Tata Consumer Cmp 908 H&S Pattern & Shooting StarTata Consumer Cmp 908 dated 17-10-2023
1. Inverted H&S Pattern, BO only above 921
2. Shooting Star Candle @ Resistance
Sell below 905 target 890-880-870-860-855 SL 925
If get reversed than
Buy above 928 target 950-965-990 SL 905
Both trades possible in whichever way price goes.
It is just a view, please trade at your own risk.
retested breakout in paras defenseA bullish Inverted Head & Shoulder Chart Pattern Breakout on the Weekly Time frame of NSE:PARAS
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Inverted Head & Shoulder Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
ICICIBANK Long Opportunity (Inverted HnS formation)ICICIBANK is forming an Inverted Head and Shoulder pattern on hourly timeframe. The stock has bounced off it's lower longterm trendline and now has formed a range. We can expect the price to test the ATH Levels after breakout. Above this level, the stock will also cross above 50 MA on Daily timeframe so that gives more confidence.
Stop Loss: SL for this trade has to be 936
Entery: Entries can be made once the price crosses and closes above 962 at least on a 30 min TF. You can also wait for retest of the resistance for better risk reward.
Target: Targets can be 1000+ & New ATH
Delhivery Ltd., ; min 15% ROI ; good opportunityFundamentally good stock,
For long term investment.
Reset chart for clear view.🔃
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Entry: 422
target: 473 - 490
sl: 405 - 400
major stoploss/ support: 389
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Enter only after breaking " Yellow box" mentioned.
Or else wait for some time.
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;good for long term investment.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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refer old ideas attached below
inverted head and shoulders on SBIN: State Bank of IndiaA slanting channel on 2 hr time frame, a break out of which can lead towards 620 area and drop from the channel can bring the price to the lower end of the channel or the buffer support area. Beyond which it can retest 550-555 levels.
but on the larger Daily Time Frame, its a head and shoulders in formation and a breakout of which will come above 620.
Do like and leave your thoughts behind.
#Sbi #StateBankofIndia #psubank
BERGERPAINT: Likely to form Reversed Head & Shoulder PatternBerger Paint likely to form Head & Shoulder Pattern.
Wait for breakout from 675 level if you are safe investor.
Risky investor can enter at current level 565 to get more gain.
#Current Price - 565
#Expected Target - 900
#Resistance Based Targets
- Target 1 - 712
- Target 2 - 900
#Support Based Targets (Can be used as Stoploss)
- Target 1 - 563
- Target 2 - 524
Pattern is forming on weekly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Please give a Like if you like.
M&M INVERTED H&S PATTERNINVERSE HEAD AND SHOULDER PATTERN IN M&M
cmp 1591
any close above 1600 will be considered at pattern breakout for...
1625 / 1650 / 1675 / 1700
Sl can be 1580 closing basis
---------------------------------------------MAJOR RESISTANCE 1600-------------------------------------------
if could not sustain above 1600 one can short for
1575 / 1550 / 1525 / 1500
Sl can be 1620 closing basis
Regards..
Keshav..
02/09/2023
Disclaimer:
I am not a SEBI Registered analyst...!!
Charts are made only for study purpose and paper trading... !!
Union Bank Cmp 99.60 H&S Pattern 5 years BOUnion Bank Cmp 99.60 dated 20-9-2023
Weekly Chart (Positional Call)
1. Inverted Head & Shoulder Pattern.
2. Rounding Pattern
3. 5 years of consolidation BO @ 100
4. Price Rise with Volumes
Buy above 100 target 115-130-140-150-160-175
SL 85
It is just a view, please trade at your own risk.