A couple of weeks back I shared this idea about Head & Shoulder pattern breakout in L&T on a weekly/ daily time frame. The breakout is now confirmed weekly as well. Ride it.
All the best!
H&S pattern was formed in 5/15mins time frame in Axis Bank chart. See how beautifully it played out. It did scare but didn't close below the right shoulder. Thus SL was not hit and the price then just took off. Lovely to H&S making money for me once again.
BPCL has formed a inverse head & shoulder pattern.
Volumes dried and picked up, as the volumes picked up price didn't move much lower indicating demand.
Today price moved up on high volumes crossing highs last 4 sessions.
This increases chance of a good breakout in coming days.
SL 298-300
On other timeframes.
Weekly : Master/Mother candle
on 30 min...
ITDC 27 Nov 2022
We witnessed a sharp rise in price which is supported by volume, exactly at the TL after a long period of consolidation.
In Play : HH-HL
Summary
• Sharp rise in Price
• Price rise supported by volume
• POC 404
• Resistance 466 (Pre SH)
• ATH at 747
Conclusion
• CMP - 404.55
• Test qty can be initiated on break of TL
• Add to the position on...
IDBI:- The stock is showing a May Head and Shoulders formation and is about to give a breakout. keep on Radar.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to...
LT has solid order book and Inflation seems to go soften.
This rally could extend to 2400 .
Positional view on the stock is Long with target 2080/2144
Duration up to 15 days.
SL below 2010 as per risk appetite .
See the chart for more details.
See what happened in the Bank Nifty expiry day chart today. For a better understanding switch to a 5 mins time frame. Such pattern breakouts are less frequent but when they happen, they just blow out everyone. Your money actually doubled!
Learn this and apply it in your trading. Best of luck!
add this to your watchlist and wait.
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
We expect INFY to reach price of 1725 - 1730 in Near Term. We support our analysis with multiple Fundamental as well as Technical confirmations.
1) Fibboncci Retracements
- the company has been consolidating between 23.60% and 38.20% which makes it a strong support for the stock. Hence we can expect an upmove towards 50% and then 61.80%.
2) Head & Shoulders...
Bpcl formed head and shoulder in 4 hour time frame
It gives 1:5 risk reward ratio
If pattern breakout then take a swing trade or position trade
1:5
Do your own research
Thanks
Logic : It's in the support line of H&S neck, a long term demand zone.
Trade : This is not for intraday. Keep it in watchlist please.
If price breaks below the 1440 level, sell with SL: 1490.
If prices breaks above 1530, buy with SL: 1490.
This presentation is for educational purposes only and does not constitute legal advice. It is recommended that you seek legal counsel for specific matters.
GABRIEL:- Stock may have formed head and shoulders and also given breakout, keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all...
