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Head and Shoulders

Anant Raj: Triple Bottom Reversal Pattern, Trendline BO.NSE:ANANTRAJ Made a Beautiful Chart Structure of a Triple Bottom reversal pattern, Sort of Inverse H&S confirmation and Trendline BO. Post Excellent Q4 Results, with Good Price and Volume action. Price Action: - It experienced a sharp decline in January 2025, falling from ₹950 to the ₹550 level. - Further correction took it to lows near ₹420 in March-May 2025 - Currently showing signs of recovery at ₹514.10, up ₹40.50 (+8.55%) in today's session. - Breaking above the descending trendline (white diagonal). - Multiple tests of the ₹420-430 support zone created a solid base Volume Analysis: - Today's volume at 7.79M shares vs. average of 2.93M (over 2.5x normal volume) - Previous support bounces (green arrows) also saw increased volume - Strong volume accompanying the breakout indicates conviction behind the move - Volume expansion during upward movements signals the accumulation phase Key Support and Resistance: - Strong support established at ₹420-430 zone (green horizontal line) - Intermediate resistance at ₹550 level (lower red horizontal line) - Major resistance at ₹630-640 zone (upper red horizontal line) - Multiple rejection points at these resistance levels (red arrows) - Historical resistance at ₹935-950 from December-January (top red line) Technical Patterns: 1. Triple Bottom- Formed at ₹420-430 level (March, April, May - green arrows) 2. Descending Trendline Breakout- Price breaking above the multi-month downtrend line 3. Somewhat Inverse Head & Shoulders- Potentially forming with: - Left shoulder (February-March) - Head (April) - Right shoulder (May) - Neckline around ₹520-530 4. Sort of Range Breakout- Escaping from the ₹420-500 trading range Trade Setup: - Pattern: Trendline breakout + potential inverse H&S completion - Confirmation: Strong price action above ₹500 with volume expansion - Context: Reversal setup after extended downtrend and base formation Entry Points: 1. Aggressive Entry: Current price (₹514.10) with partial position 2. Pullback Entry: On retest of breakout level ₹490-500 3. Confirmation Entry: On close above ₹550 (previous resistance level) Exit Strategy - Target 1: ₹550 (immediate resistance) - Target 2: ₹630-640 (major resistance zone) - Target 3: ₹750 (intermediate target based on pattern projection) - Ultimate Target: ₹935-950 (previous ATH high) - Trailing Stop: Implement a 5% trailing stop after Target 1 is achieved Stop Loss Placement: - Aggressive Stop: ₹480 (below recent swing low) - Conservative Stop: ₹450 (midpoint of recent range) - Pattern-Based Stop: ₹420 (below the triple bottom support) Risk Management: - Position sizing: Limit risk to 1-2% of trading capital - Risk-reward ratio: Minimum 1:1.5 (with aggressive stop) - Consider the pyramiding approach: add to the position as each resistance level is cleared - Scale out: 30% at Target 1, 30% at Target 2, hold remainder with trailing stop The stock shows a compelling technical setup with its triple bottom pattern, trendline breakout, and high-volume surge. The inverse head and shoulders pattern, if completed with a move above ₹550, would further confirm the reversal thesis. Multiple tests of support with increasing volume on the recovery suggest institutional interest is building in the stock. 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 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:ANANTRAJLong
by Karanshah137
21
ITC Approaches Key Support Within Mild UptrendTopic Statement: ITC is trading in a range with a slight bullish tilt, presenting structured opportunities within a defined channel. Key Points: * The stock is moving within a slightly bullish up-trending channel, making it suitable for channel-based trading * A head and shoulders candlestick pattern is emerging, which may signal potential short-term weakness * The price is nearing the 180-day EMA, making levels near or below it attractive for long-term buying opportunities
NSE:ITC
by yogeshwar
RAMKY INFRA LTD - Bullish Pattern📊 RAMKY INFRA LTD (1D) – CMP ₹540.55 📅 Date: May 21, 2025 📈 Exchange: NSE 📌 Ticker: RAMKY 🧠 Technical Analysis Overview ✅ Bullish Inverse Head & Shoulders Pattern: Price has broken out of a clearly formed inverse head and shoulders pattern — a powerful trend reversal structure — indicating a strong bullish sentiment and possible long-term uptrend. ✅ Breakout Confirmation: A sharp breakout above the neckline near ₹512 has occurred with strong bullish momentum and increased volume. ✅ RSI Indicator – 📈 RSI is at 68.58, approaching overbought levels but not showing divergence yet, confirming continued bullish strength. The RSI trend also shows recent bullish crossovers. 📍 Key Price Levels 📌 Support 🟥 ₹512.20 – Neckline retest level (ideal re-entry zone) 📌 Resistance (Targets) 🔵 ₹555.95 – Immediate target 🔵 ₹585.00 – Mid-term resistance 🔵 ₹612.85 – Major resistance / final target from pattern projection 💬 Potential Strategy Breakout Entry already active above neckline Pullback Entry possible near ₹512–₹520 SL below ₹512 Target 1: ₹555 Target 2: ₹585 Target 3: ₹612+ 📌 Conclusion RAMKY INFRA is breaking out of a strong inverse head and shoulders pattern with bullish volume and RSI confirmation. Watch for a potential retest near ₹512 for a high-probability entry. Targets lie ahead at ₹555, ₹585, and ₹612. 🛑 Disclaimer: This analysis is for educational purposes only. Not investment advice. Always DYOR or consult your financial advisor.
NSE:RAMKYLong
by PriceAction_Pulse
DIVISLAB -Inverted Head and Shoulders -DailyThanks for the clarification! Yes — the chart **does** resemble an **Inverted Head and Shoulders** pattern (a bullish reversal pattern), especially visible in the price structure before the breakout above ₹6,278. --- ### 🟢 **Inverted Head and Shoulders – Analysis (Divi's Lab)** #### **Pattern Structure:** * **Left Shoulder:** Formed in March. * **Head:** Deepest low around early April. * **Right Shoulder:** Higher low formed in late April to early May. * **Neckline:** Breakout above the ₹6,278 level confirms the pattern. #### **Breakout Confirmation:** * Breakout is strong, supported by **increasing volume**. * Target derived from neckline to head height = approx. ₹1,333. * **Target after breakout:** ₹6,278 + ₹1,333 = **₹7,611** (already marked on the chart). ---
NSE:DIVISLABLong
by DailyCharts03
ANGELONE | Inverse Head & Shoulders Breakout | Target ₹3,339+Here's the **technical analysis** for ANGEL ONE LTD based on the chart you provided: --- ### 🔍 **Technical Analysis – ANGEL ONE LTD (NSE)** **Pattern Identified:** Inverse Head and Shoulders **Breakout Level (Neckline):** ₹2,541 **Target:** ₹3,339.95 **Current Price:** ₹3,079.50 **Gain from Breakout:** 31% --- ### ✅ **Bullish Indicators:** * **Inverse Head & Shoulders Pattern:** A classic bullish reversal pattern indicating potential trend reversal from downtrend to uptrend. * **Breakout with Strong Volume:** The breakout above the neckline (₹2,541) is accompanied by a significant surge in volume, adding strength to the move. * **Measured Target:** The height of the pattern (approx. ₹789) added to the neckline gives a potential upside target of ₹3,339.95. * **Momentum:** Strong bullish momentum post-breakout, with consecutive green candles and higher highs. --- ### ⚠️ **Key Levels to Watch:** * **Immediate Resistance:** ₹3,339.95 (target zone) * **Major Resistance:** ₹3,450.55 (previous swing high) * **Support Zone:** ₹2,541 (neckline retest), ₹2,040 (previous support level) --- ### 📌 **Conclusion:** ANGEL ONE has confirmed an inverse head and shoulders breakout with strong volume, suggesting a bullish trend continuation toward ₹3,339+. A retest of the neckline around ₹2,541 could offer a good risk-reward entry if the bullish momentum sustains. ---
NSE:ANGELONELong
by DailyCharts03
KITEX – Breakout from ATH KITEX – Breakout from ATH ⚠️ Risky but Noteworthy CMP: ₹311 Breakout Zone: ₹296 Structure: Inverse Head & Shoulders (Daily TF) Trend: Trading above key DMAs Volume: On the lower side — no strong confirmation yet Event Risk: Quarterly results approaching KITEX has shown an aggressive bounce and is now breaking out of an all-time high zone around ₹296. The structure resembles a head and shoulders variant on the daily timeframe. While technically constructive, volume hasn't confirmed yet, which increases the probability of failed breakout or whipsaw. Another red flag: This stock is known for locking in Upper/Lower Circuits, which can trap liquidity if momentum fades. Plus, with results around the corner, event risk adds another layer of uncertainty. ⚙️ Trade Plan (Not a Fresh Call, but Educational Insight) 🔹 Entry Idea: ₹296+ confirmed close with volume 🔹 CMP at ₹311 — not an ideal R:R for fresh entry without follow-through 🔹 SL (Closing Basis): ₹239.75 (recent base zone) 🔹 Watch for: Volume pickup Retest of breakout zone Price holding above ₹296 for 1–2 sessions 💡 Consider entering with a small test quantity only if you're comfortable with the risks and volatility. 📚 Educational Takeaway Not every breakout is clean. Watch how price behaves around ATH zones — these are high-pressure areas. Volume and follow-through matter more than the breakout candle itself. Stocks with LC/UC tendencies and near-term events demand a cautious approach. Your edge comes not from the pattern — but from your patience and trade management. ⚠️ Risk Management Matters Size your position wisely. No setup is worth oversized exposure — especially when volatility and newsflow collide. Trade only with a plan and discipline. 📌 Disclaimer I am not a SEBI-registered advisor. This is for educational purposes only. Do your own research and analysis before taking any position.
NSE:KITEXLong
by sagartharayil
Alkem Labs-Inverse Head & Shoulder Pattern Breakout ( Bullish )Alkem Labs broke the neckline of Inverted Head and Shoulder on the daily chart with good volumes and it is looking good for a decent run. The inverse head and shoulders pattern is a bullish reversal pattern in technical analysis, indicating a potential shift from a downtrend to an uptrend. It's characterized by three consecutive troughs, with the middle trough (the "head") being the lowest, and the other two troughs (the "shoulders") forming higher lows. The neckline is a trendline connecting the highs of the shoulders and the head. On the Daily timeframe, the stock is trading above its 11 day EMA and 22 day EMA,and RSI is at 66 suggesting positive bias. CMP - 5340 TARGET- 6234 (16%) SL- 5180 Disclaimer: This is not a Buy/Sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
NSE:ALKEMLong
by BullishBrew
2
HDFCAMC - Inverted head and shoulder - Breakouttechnical analysis of the HDFC AMC LTD chart you've shared. Looking at the price action, potential Inverted head and should pattern forming, which is generally considered a bullish sign. Here's a simplified breakdown: Head: Notice the rounded bottom shape that formed roughly between Dec 2024 and early April 2025. This suggests a period of consolidation before a potential upward move. Handle: After reaching a high around ₹4,607, the price has pulled back and is now consolidating in a smaller downward sloping channel (highlighted by the yellow lines). This pullback is forming the "handle" of the pattern. Breakout Level: The horizontal line you've drawn around ₹4,705 acts as a resistance or neckline. A sustained break above this level could signal the completion of the cup and handle pattern. Target: Potential target around ₹5,901. This target is often estimated by measuring the depth of the head and adding it to the breakout level. In simple terms: The stock price went down, formed a rounded bottom (the head), then went up and is now taking a small dip (the handle). If it breaks above the ₹4,700 level, it might head towards the ₹5,901 area. Overall, this chart suggests a potential upward move for HDFC AMC if the cup and handle pattern is confirmed with a breakout above ₹4,700.
NSE:HDFCAMCLong
by DailyCharts03
#HDFCAMC - IHNS BreakOut in DTF 📊 Script: HDFCAMC Key highlights: 💡⚡ 📈 Inverse Head & Shoulders Set up in Daily Time Frame. 📈 Price consolidated near Resistance. 📈 BO with Volume 📈 MACD Crossover 📈 RS Line making 52WH 📈 One can go for Swing Trade. BUY ONLY ABOVE 4700 DCB ⏱️ C.M.P 📑💰- 4703 🟢 Target 🎯🏆 – 8.6.0% ⚠️ Stoploss ☠️🚫 – 4.20% ️⚠️ Important: Market conditions are Okish, Position size 25% per Trade. Protect Capital Always ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk:Reward Ratio as 1:2, with this RR, you only need a 33% win rate to Breakeven. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with MMT. Cheers!🥂
NSE:HDFCAMCLong
by MMT_MakeMoneyTrading
3
Camlinfine offers good Risk To Reward. Add to WL⚠️ HIGH-RISK, HIGH-REWARD OPPORTUNITY Stock: CAMLINFINE Time Frame: 🕒 Daily 🎯 Entry Strategy 📌 Entry Trigger: ₹133.6 (Wait for a weekly close above this level) 📈 Targets T1: ₹144.4 T2: ₹168.8 T3: ₹186.2 ATH Potential: ₹231.39 🔻 Stop-Loss (SL): ₹111.7 (16% risk) 🔍 Technical Highlights 📐 Trendline Breakout followed by a healthy consolidation. Formation of a ☕ Cup & Handle pattern—indicative of bullish momentum. 🔄 Inverse Head & Shoulders, signaling a potential trend reversal. ⚠️ Risks to Consider Weak fundamentals, with poor ROE and ROCE. Volume needs significant improvement for sustained momentum. 💡 Why This Could Work If this marks the start of a trend reversal, the potential reward is substantial. However, this is a high-risk bet, so position sizing and risk management are absolutely critical.
NSE:CAMLINFINELong
by sagartharayil
Nifty Smallcap- Inverted Head and Shoulder Pattern🚀 Breakout Watch Alert: Nifty SmallCap 100 Index (CNXSMALLCAP) 📌 Price: ₹17,147 📅 Date: 14-05-2025 ① Pattern Name, Timeframe, Structure & Explanation Pattern: Inverted Head & Shoulders Timeframe: Daily Chart Duration: \~4 Months (From Jan to May 2025) The Nifty SmallCap 100 Index has formed a well-defined Inverted Head and Shoulders pattern, a bullish reversal structure commonly seen at the end of a downtrend. This pattern spans across four months with: * Left Shoulder: Formed in early March after a sharp drop from 17,200 * Head: Deep retest toward the 16,000 zone in mid-April * Right Shoulder: Shallow retest of the same 16,000 support in early May, confirming accumulation The neckline of this pattern lies in the 17,050–17,200 resistance zone, which has already been tested twice before and now again in mid-May, creating a powerful breakout scenario. ② Volume Formation (During Pattern, Breakout, and Retest) While exact volume data isn't available on this index chart, we can infer participation from the candlestick structure: * During the pattern: The volume was likely lower during the head formation and began picking up as price formed the right shoulder. * Last 4 Days: Strong bullish marubozu candles suggest heavy demand stepping in — indicative of institutional activity and rotation into smallcaps. * Retest Volume: If a minor pullback occurs toward the neckline post-breakout, watch for lower volume to confirm a constructive retest. ③ Breakout Candlestick, Follow-Through & Trap Behavior * Breakout Zone: ₹17,205–17,250 * The past four sessions include strong bullish marubozu candles — full-bodied with little to no upper wicks, implying decisive momentum. * The clean structure avoids false moves — a tight V-shape bottom at the head followed by a right shoulder that mirrors the left. There's no bear trap, but a clear build-up without volatility spikes — ideal for positional traders. ④ Trade Explanation (Entry, Target, Stop-loss, Risk\:Reward) * Entry Zone: ₹17,250+ (Breakout confirmation above neckline) * Stop-loss: ₹16,500 (below right shoulder support & recent swing lows) * Target Zone: ₹18,000 (1st target), ₹19,500 (extended target) 📏 *Measured Move Logic:* Neckline = ₹17,200 Head = ₹16,000 Breakout Move ≈ ₹1,200 Projected target = ₹17,200 + ₹1,200 = ₹18,400 (Aligns with our zone) Risk\:Reward: Risk = ₹750 Reward = ₹1,250 to ₹2,000 R\:R = \~1:1.7 to 1:2.5
NSE:CNXSMALLCAPLong
by Mr_Chartist_
GRSE LONGThe Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure. The Elliott Wave analysis indicates that the stock has completed waves (i),(ii, (iii), and (iv), which are shown as blue numbers on the daily chart. Wave (v) appears to be underway at this time. Wave (v), also known as the impulse wave, unfolded into five waves, which are illustrated in red. Wave levels are depicted on the chart. An inverted Head and Shoulder Pattern is formed on the chart and the target is shown on the chart. (The Inverted Head and Shoulder Pattern is a bullish reversal pattern). Level of Invalidation The invalidation level of 974.80 has been identified as the endpoint of wave (i). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears. I'm not a registered Sebi analyst. My research is done solely for academic purposes. Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses. Regards, Dr Vineet
NSE:GRSELong
by drvineet
REC : Bullish due to break out from inverted Head & Shoulder INVERTED HEAD & SHOULDER - stock is now bullish after breaking out an inverted head & shoulder pattern with strong confirmation of a green candlestick BULLISH MACD - MACD indicator of this stock is very bullish now with macd line having crossed over signal line properly over a period of time WHITE CLOUD COVER - apartfrom it a white cloud cover candlestick formed in the right shoulder indicating bullish movement PROFIT TARGET - 463 level STOP LOSS - 412 level
NSE:RECLTDLong
by peace_lover
3
Trend Reversal setup in BSOFT(Inverted H&S Pattern)!Birlasoft (NSE:BSOFT) – Bullish Reversal on Inverted Head & Shoulders 📌 Technical Pattern: A classic Inverted Head and Shoulders pattern is forming, suggesting a potential reversal from the recent downtrend. ✅ Key Highlights: RSI Divergence at the head hints at waning bearish momentum and potential reversal. Price is testing the neckline zone; a breakout could confirm the bullish setup. 50-period EMA (~₹452) remains overhead, acting as a dynamic resistance. 📈 Target: ~₹516, calculated from the pattern height. 🔻 Stop Loss: Near ₹376, just below the right shoulder structure. 🧠 Strategy Note: A sustained close above the neckline, preferably on volume, can offer a strong risk-reward trade setup. RSI currently at 58 supports bullish momentum continuation. Disclaimer: Consider my analysis for educational purposes only. Before entering any trade: 1️⃣ Educate Yourself – Understand market dynamics and technical patterns. 2️⃣ Do Your Own Research & Analysis – Never rely solely on external opinions. 3️⃣ Define Your Risk-Reward Ratio – Ensure your trade aligns with your risk appetite. 4️⃣ Never Trade with Full Capital – Always manage risk and preserve capital. Trade wisely! ✅📊
NSE:BSOFTLong
by Avinash9087