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Head and Shoulders

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
NSE:ICICIBANKLong
by ST_SNOOPY
Delhivery Ltd., ; min 15% ROI ; good opportunityFundamentally good stock, For long term investment. Reset chart for clear view.🔃 . . Entry: 422 target: 473 - 490 sl: 405 - 400 major stoploss/ support: 389 . Enter only after breaking " Yellow box" mentioned. Or else wait for some time. ' ;good for long term investment. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . refer old ideas attached below
NSE:DELHIVERYLong
by TheNuraTrading
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
NSE:SBIN
by Stars_StocksCharting
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.
NSE:BERGEPAINTLong
by paras0408
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... !!
NSE:M&M
by Harmonics4Life
1
Decoding Westlife: Market Rally and Anticipating the Next MoveHello Traders! Today we're revisiting our analysis of Westlife from June 6, where we discussed the breakout of a Head & Shoulder pattern. Let's dive in! On June 9, our suggested entry triggered at a retest of the H&S breakout at 825 . From that entry point, the stock rose to a level of 1024 by September 8 — a gain of nearly 27% . This movement aligns perfectly with the Head & Shoulder target method. This method measures the vertical distance from the head to the neckline of the pattern. The same distance becomes our target from where the breakout happened. Now, let's understand Shortening of Thrust (SOT): What is SOT? SOT stands for Shortening of Thrust, which is a trading term that indicates potential trend weakness. It’s used to identify the end of moves. SOT is part of Wyckoff trading theory. Thrust refers to the distance between the current swing high to a previous swing high (in an uptrend) or swings low (in a downtrend). Increased thrust is a sign of potential trend strength. Shortening of Thrust is a sign of potential trend weakness. to learn more check below post: On the monthly timeframe, we can observe a Shortening of Thrust (SOT) , a sign that the current uptrend may be losing thrust. The price is currently stopping at its daily EMA50 and the uptrend line. There's a chance for a pullback from these levels, but the odds are low due to the SOT observed on the monthly candle. To summarize, if the price does not break above 1020 after a potential pullback, we may expect further weakening of the trend. If the price doesn't take a pullback from the current level, it could fall further as the monthly timeframe is showing weakness. 🔮 Possible Scenarios Ahead for Westlife 🎯 If the price pulls back from the current level and breaks above 1020, we may see further upside. If the price doesn't pull back from the current level, we could experience a downward move due to the weakness shown in the monthly timeframe. Please note that this article is purely educational and should not be taken as financial advice. Always do your own research and consult with a professional before making any investment decisions. 🤝 Thank you for your continuous support, likes 🚀 follows, and comments. Your engagement keeps me motivated to consistently provide valuable content.
NSE:WESTLIFE
by AfnanTAjuddin