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Head and Shoulders

IOC - Fascinated by the Fibonacci! Unveil the mesmerizing journey of Indian Oil Corp Ltd (IOC) on this captivating chart! Behold the Fibonacci levels, meticulously drawn two months ago, revealing a fascinating truth. Witness the price action align flawlessly with these golden ratios, a trader's dream come true. Marvel at the emerging head and shoulder pattern, hinting at a potential trend reversal. Anticipate an exhilarating uptrend as the pattern nears completion, sparking excitement. Strategize with a trailing stop from entry, safeguarding your gains with precision. Embrace proper risk management to navigate this thrilling market adventure. The 0.618 level at ₹154.48 and 0.786 at ₹109.75 have held strong, guiding the price. The current price of ₹146.73 teases a breakout, aligning with the right shoulder. Prepare for an upward surge, blending Fibonacci magic with pattern perfection!
NSE:IOCLong
by stocktechbot
BPCL Gains Momentum After Key Support, Faces Resistance AheadTopic Statement: BPCL has made a strong upward move in the recent rally, though key resistance levels and chart patterns suggest caution. Key Points: * A head and shoulders candlestick pattern is visible, indicating potential reversal signals to watch * The stock took heavy support at the 50% Fibonacci retracement level, where it also briefly dipped below the 180-day EMA * Price is currently facing resistance at the 23.6% Fibonacci level near 317, which may act as a short-term cap on further gains
NSE:BPCL
by yogeshwar
TEXRAIL: Breakout FocusTEXRAIL has recently exhibited a notable technical development on the daily chart. On Friday, 16 May , the stock completed a breakout from an inverted head and shoulders pattern, a formation often associated with potential trend reversals. The breakout occurred with a decisive close above the neckline, which had previously acted as a key level of resistance and had been tested multiple times, reinforcing its technical significance. Following the breakout, the price action has respected the neckline as a new support level, with multiple successful retests and rebounds observed. As of today’s session, TEXRAIL has once again rebounded from a brief consolidation phase, accompanied by a substantial increase in trading volume—approximately 18M shares , significantly above its recent average. This surge in volume may indicate renewed interest and participation from market participants. Momentum indicators are also aligning with the bullish structure. The Relative Strength Index (RSI) is currently approaching the 70 level , suggesting strong upward momentum, though it is nearing overbought territory. Additionally, the MACD histogram is showing signs of potential short-term consolidation or profit-taking, particularly as the price approaches a previously identified supply zone. Looking ahead, the chart outlines three potential resistance levels that may act as intermediate targets or areas of interest for traders monitoring the trend. These levels are derived from historical price action and volume profile analysis. 📊 Please refer to the accompanying chart for a visual breakdown of the pattern, volume dynamics, and resistance zones. Disclaimer: The information provided in this analysis is intended solely for educational and informational purposes. It does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Always conduct your own research or consult with a qualified financial advisor before making any investment decisions.
NSE:TEXRAILLong
by NiftyNotion
4
TVS Supply Chain: BO attempt after 6 Month Consolidation.This Supply Chain Giant is attempting to break out. After 6 Months of Consolidation - Is it Time to Load Up? Let's analyse today's Idea. Price Action Analysis: Current Market Structure: • Stock is currently trading at ₹143.33, showing a strong +6.83% gain • Price has broken above a key resistance zone around the ₹140 level • Clear uptrend formation with a higher highs and higher lows pattern emerging • Recent breakout attempt from a prolonged consolidation phase Historical Price Movement: • Stock witnessed a sharp decline from highs of ₹217+ in late 2024 to lows around ₹107 • Extended consolidation phase from February to May 2025 between ₹110-145 levels • Current breakout attempt suggests potential trend reversal from bearish to bullish Volume Spread Analysis: Volume Characteristics: • Significant volume spike visible during the recent breakout session • Volume of 3.33M is substantially higher than the 20-day average of 972.88K • Volume confirmation supporting the price breakout attempt above resistance • Previous volume spikes coincided with major price movements Volume Price Relationship: • Healthy volume-price relationship during the current upward move • Relatively lower volumes accompanied earlier decline phases • Current breakout attempt volume suggests institutional participation Key Technical Levels: Support Levels: • Primary Support: ₹130-132 (previous resistance turned support) • Secondary Support: ₹120-125 (consolidation zone low) • Major Support: ₹110-115 (multi-month consolidation bottom) Resistance Levels: • Immediate Resistance: ₹150-155 (psychological level) • Medium-term Resistance: ₹165-170 (previous swing high) • Major Resistance: ₹185-190 (Fibonacci retracement level) Base Formation: • Rectangle consolidation pattern formed between ₹110-145 levels • Base duration: Approximately 4-5 months (February to May 2025) • Breakout from this base suggests potential for sustained upward movement Technical Patterns: Primary Patterns: • Rectangle/Box pattern completion with upward breakout attempt • Potential inverse head and shoulders pattern on a longer timeframe • Ascending triangle formation in recent weeks before the breakout Trend Analysis: • Short-term trend: Bullish (breakout confirmed) • Medium-term trend: Transitioning from bearish to bullish • Long-term trend: Still in recovery phase from major decline Trade Setup and Strategy: Entry Strategy: • Aggressive Entry: ₹143-145 (current levels on any minor pullback) • Conservative Entry: ₹135-138 (on retest of breakout level) • Volume confirmation is required for any entry Position Sizing: • Risk 1-2% of portfolio capital on this trade • Position size calculation: Portfolio Value × Risk % ÷ Stop Loss Distance • Example: For ₹1,00,000 portfolio with 2% risk = ₹2,000 risk capital Risk-Reward Calculation: • Risk-Reward Ratio: Minimum 1:2 preferred • Expected risk per share: ₹15-20 based on stop loss placement • Potential reward: ₹30-40 per share to the first target Exit Strategy: Profit Targets: • Target 1: ₹165-170 (15-20% upside) - Book 40% position • Target 2: ₹185-190 (30-35% upside) - Book 40% position • Target 3: ₹200+ (40 %+ upside) - Trail remaining 20% position Stop Loss Levels: • Initial Stop Loss: ₹125-128 (below consolidation support) • Trailing Stop: Move to breakeven once Target 1 is achieved • Final Trail: Use 10-day EMA or ₹10-15 trailing stop Risk Management Framework: Risk Control Measures: • Maximum loss per trade: 2% of total capital • Position sizing based on stop loss distance • No averaging down if the trade goes against the initial thesis • Exit if the technical structure breaks down Portfolio Allocation: • Maximum exposure to single stock: 5-8% of portfolio • Sector allocation limit: 15-20% to logistics/supply chain • Maintain diversification across market caps and sectors Sectoral Analysis: Logistics and Supply Chain Sector: • The sector has shown resilience post-pandemic disruptions • Growing e-commerce and digitalization are driving demand • Government infrastructure push benefiting logistics companies • Increasing focus on supply chain optimization across industries Sector Positioning: • NSE:TVSSCS is positioned in the growing third-party logistics market • Beneficiary of Make in India and manufacturing growth • Automotive sector recovery supporting the company's core business Fundamental Backdrop: Business Overview: • Leading third-party logistics and supply chain solutions provider • Strong presence in automotive, consumer goods, and industrial sectors • Integrated service offerings including warehousing, transportation, and value-added services Growth Drivers: • Expansion in new geographies and service offerings • Technology-driven efficiency improvements • Growing outsourcing trend in supply chain management • Recovery in the automotive sector supporting traditional business Market Outlook and Catalysts: Positive Catalysts: • New client acquisitions and contract wins • Capacity expansion announcements • Favourable government policies for the logistics sector Risk Factors: • Economic slowdown affecting industrial demand • Fuel price volatility is impacting transportation costs • Competitive pricing pressure in the logistics industry • Global supply chain disruptions My Take: TVS Supply Chain Solutions presents a compelling technical setup with the recent breakout attempt from a multi-month consolidation. The combination of strong volume confirmation, supportive sectoral trends, and improving fundamental backdrop makes this an attractive opportunity for Short to medium-term investors. However, proper risk management and position sizing remain crucial for the successful execution of this trade setup. Keep in the Watchlist. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:TVSSCSLong
by Karanshah137
15
MAXHEALTH | Inverted Head and Shoulder | Breakout | ATH ## 🩺 **MAXHEALTH – Inverted Head and Shoulder Breakout Analysis** ### 📊 **Pattern**: ✅ **Inverted Head and Shoulder** formation confirmed * Base support near: ₹936 * Breakout zone: ₹1,200 * Current price: ₹1,232.80 * **Volume spike** on breakout = bullish confirmation --- ### 📐 **Breakout Target Calculation** * Depth of Cup: **₹255.20** * Target = ₹1,200 + ₹255.20 = **₹1,455.20** 📌 **Target Area marked** on chart near ₹1,455 --- ### 🔍 **Key Technical Insights** * **Resistance turned support**: ₹1,200 zone * Strong **volume breakout** above resistance * Handle was short & tight, indicating bullish strength * RSI likely above 60 (momentum favoring bulls – though not shown here) --- ### 🎯 **Levels to Watch** * **Support**: ₹1,200 (neckline), then ₹1,120 * **Resistance**: ₹1,300 minor, **₹1,455** is the measured move target --- ### 📈 **Bias**: **Bullish** * Price + Volume + Pattern = Valid **Breakout** * Position traders can aim for **₹1,455** with SL ₹1,200 ---
NSE:MAXHEALTHLong
by DailyCharts03
PAYTM KARO PAYTM CMP - 975. If it cross and closs above 1050, chances of 1350 to 1700++ 900 strong support - Making inverse head and shoulder pattern so upside chances are higher... One 97 Communications Ltd About Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers payment services, financial services, and commerce and cloud services. Key Points India’s Leading Digital Ecosystem Platform The company owns and operates India’s leading mobile payments and financial services distribution brand Paytm. It has built the largest payment ecosystem with a registered merchant base of 4.2 Cr, and 112 lakh payment devices facilitating over 1,100 transactions as of Q2 FY25. Business Segments 1) Payment Services (59% in H1 FY25 vs 69% in FY22): The segment includes: a) Payment Processing: Consumers can use cards, net banking, UPI, and UPI Lite to make online payments on the Paytm app including in-store payments through QR codes and devices. b) Merchant Subscription: The company allows merchants to accept payments via QR codes, POS devices, payment gateway products, Soundbox devices, etc. Operational Metrics: Avg Monthly Transacting Users (Cr): 7.1 in Q2 FY25 vs 9.6 in FY24 vs 6.1 in FY22 Total Merchant Subscriptions (Lakhs): 112 in Q2 FY25 vs 107 in FY24 vs 29 in FY22 Gross Merchandise Value (Rs. Lakh Cr): 4.5 in Q2 FY25 vs 18.3 in FY24 vs 8.5 in FY22 2) Financial Services (21% in H1 FY25 vs 9% in FY22): The company offers mobile credit, insurance, and wealth management for consumers and merchants. It is also engaged in the loan distribution business, with capabilities across the entire loan lifecycle including origination, loan management, and collection. In Q2 FY25, the company disbursed loans totaling Rs. 5,280 Cr vs Rs. 52,390 Cr in FY24 and Rs. 7,623 Cr in FY22. 47% of the loans disbursed in FY24 were postpaid loans, suspended since May 2024, due to a decline in asset quality across the industry. 3) Marketing Services (20% in H1 FY25 vs 22): The company offers marketing services including ticketing, deals, gift vouchers, advertising, and loyalty services. It also distributes co-branded credit cards. The Gross Merchandise Value (GMV) for ticketing, deals & gift vouchers, etc., was Rs. 2,383 Cr in Q2 FY25. It has 13.8 Lakh activated credit cards as of Q2 FY25 vs 8.7 Lakh in Q2 FY24. New Launches In Nov 2024, the company launched UPI LITE Auto Top-up for recurring daily payments under Rs. 500. In H1 FY25, it added ticket booking services to Samsung Wallet, introduced Paytm Health Saathi for merchant partners, and unveiled India’s first NFC Card Soundbox. Partnerships In H1 FY25, the company partnered with FlixBus, to offer intercity bus travel tickets directly through the Paytm app and collaborated with Axis Bank to provide POS solutions and EDC devices (card machines) to the Bank & its merchant network. Reduction of Marketing Expenses In FY24, the company invested 9% of its total revenues on marketing and promotional expenses vs 17% in FY22. Divestments 1) In Aug 2024, the company sold its movie ticketing business and events business to Zomato Ltd, for Rs. 2,048 Cr. 2) In Dec 2024, the company’s WOS Paytm Singapore sold its Stock Acquisition Rights in Japanese Payments Firm PayPay for Rs. 2,364 Cr. Transfer of Business In Sept 2021, the company transferred its Online Payment Aggregation Business to its WOS, Paytm Payments Services Ltd (PPSL). PPSL is pursuing a Payment Aggregator license from the RBI. After initial rejection in 2022 due to FDI compliance issues, PPSL secured government approval for past investments in Aug 2024 and has resubmitted its application. As of Jan 2025, PPSL is awaiting the RBI's decision on its resubmitted PA license application. RBI Restrictions In Jan 2024, the RBI restricted all services of Paytm Payments Bank Ltd (PPBL), a 39% associate of the company, permitting only the withdrawal of the existing customer balances however in Oct 2024, NPCI approved the company to onboard new UPI users In Oct 2023, RBI also imposed a monetary penalty of Rs. 5.39 Cr on PPBL. This is just to boost my confidence. No Suggestions for buying. I will keep checking and updating my mistake if last post gone wrong... Disclosure: I am not SEBI registered. The information provided here is for educational purposes only. I will not be responsible for any of your profit/loss with these suggestions. Consult your financial Adviser before making any decisions.
NSE:PAYTMLong
by Alleyshah
Inverse Head & Shoulders Breakout – SHAREIND Poised for a 22% RaAfter a sustained downtrend, SHAREIND (SESHIND) has formed a clear Inverse Head & Shoulders on the daily chart: Left Shoulder around ₹180 Head around ₹138 Right Shoulder around ₹180 Neckline near ₹190 With the neckline successfully cleared, the measured move (~42 points or 22%) projects targets of: 1️⃣ Target 1: ₹217 2️⃣ Target 2: ₹232 Risk Management: Entry: On daily close above ₹190 (neckline) Stop Loss: ₹169.50 (just below the neckline swing low) Risk–Reward: ≈1 : 2.2 (SL ~₹20 vs. upside ~₹42)
NSE:SHAREINDIALong
by manoharlikeit
ICICIGI | High probable INHS setup - Looks good for 20-40%ICICIGI | High probable INHS setup - Looks good for 20-40% CMP : 2006 (Dip : 1930) SL : 1800 The stock has confirmed a classic inverted Head & Shoulders pattern on the daily chart, signaling a strong trend reversal. ✅ Breakout above neckline with decent volume, adding conviction to the move. 🎯 Immediate Target: 2300 🎯 Second Target (as per Fibonacci extension): 2700 📉 Pattern: Inverted H&S 📈 Volume: Supporting the breakout 📊 Bias: Bullish This could be an excellent area of value for swing traders looking to ride the trend. A retest of the neckline could offer a second entry opportunity with a good risk-reward ratio.
NSE:ICICIGI
by srikartiram