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Head and Shoulders

SWELECTES : Swing Trade / Short term (1-3 months)#SWELECTES #swingtrade #vcppattern #inverseheadandshoulder #breakout #patterntrading Swelect Energy System : Breakout Candidate >> Low Risk High Reward Setup >> Inverse H & S pattern / VCP Pattern >> Good Strength & Decent Volume Swing Traders can lock profits at 10% and keep Trailing >> 2 SL given just in case of a shakeout move 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.
NSE:SWELECTES
by moneyfesttrading
Retested Weekly BO in MASTEK LTD MNC A Inverted Head & Shoulder Chart Pattern Breakout retested on the Weekly Time frame of NSE:MASTEK Price Action supported by 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 level mentioned on the chart. Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer:- This is for Education purpose only
NSE:MASTEK
by raigvivek
Bank Nifty Head & ShouldersHi friends hope you are enjoying your morning's Tea or coffee with scrolling Trading view ideas for taking a view on market so it's a daily chart of Banknifty i am sharing today, as we can see that price is trading in an ascending channel and created a Bearish Head & Shoulders pattern on provided chart and came down after breaking the neckline. Pattern is not very clear from the right shoulder because it's a chart not a drawing book only we have to understand that what is it and what is resembles and can act according to it. So mates as we can see price is sharing a adjoined spot of 100 ema and channel support both so i assume if price will break these combined levels and close below we can see further fall for the levels of 43400 to 42700 on the top side 44600 to 44900 these levels it will face strong resistance if price will bounce from here as pattern neckline is placed in this zone and sellers will sure take a sell on rise advantage there. Thank you for reading if you find something good it please like and motivate me This is kind of a follow up publication for recently published idea on Bank nifty you can check that idea also in my profile sharing link below too. This is not and trade or investment advice. This idea is meant for learning only. Best Regards Happy Trading- Amit Bank Nifty Head & Shoulders
NSE:BANKNIFTY
by AMIT-RAJAN
38
BankNifty at an Interesting JunctureBankNifty is currently positioned at a pivotal point, presenting traders with a potential opportunity. From a statistical perspective, the presence of a head and shoulder pattern at an all-time high often indicates a forthcoming correction. If this head and shoulder pattern is invoked, we could witness a correction ranging between 1500 to 1900 points in BankNifty. The chart elucidates the situation clearly. There is a robust support level at 44,000, with resistance levels situated at 45,000 and 45,500 . It's essential to remember that trading is fundamentally about gauging probabilities. If a downward movement ensues, it could drive BankNifty to levels around 42,000 . Conversely, if the head and shoulder pattern does not materialize, the index might challenge the right shoulder high, which corresponds to the first resistance level. Should it breach the second resistance at 45,500, it becomes highly probable that the all-time high will be surpassed. Trade wisely, and always consider the inherent risks and probabilities.
NSE:BANKNIFTY
by msk_analysis