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Head and Shoulders

Nifty - Head and Shoulder -DailyThis chart represents a technical analysis of the Nifty 50 Index using two key indicators: 1. **Head and Shoulders Pattern**: - The chart highlights a classic **Head and Shoulders** pattern, where there are two shoulders (left and right) with a higher peak in the middle (the head). This pattern suggests a potential bearish reversal. - The **neckline** is drawn -24,800 which will ack as Stoploss also, which, when broken, confirms the bearish trend. - The measured **breakdown** distance (from the neckline to the head) is mirrored below the neckline, indicating the target 23,133 for potential further declines. 2. **Fibonacci Retracement Levels**: - Fibonacci levels are overlaid on the chart, indicating possible support and resistance levels. - The 0.618 Fibonacci level, which is often a significant support zone, is marked at **24,801.55**, which appears to be near the current price of **24,749.85**. - Other important levels include 0.5 (25,083.35) and 0.786 (24,400.40), which could also act as pivot points. The large price drop near the end, after a right shoulder formation, along with the bearish volume spikes, suggests the index is under selling pressure, and further declines are possible if the support levels are broken.
NSE:NIFTYShort
by VCharts_TA
2
EURNZD SHOWING HEAD AND SHOULDER PATTERN WITH 1:5 RISK REWARD EURNZD SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
1
USHAMART - INVERTED HEAD & SHOULDERUSHAMART is seemed to be making an Inverted H&S pattern. It may go down make 2nd shoulder and then reverse. Formation of a Hammer candle at 2nd shoulder will be a good confirmation. It is also moving in an Ascending Channel from June 2023 at Weekly chart. 330 seems a good support, horizontal and lower trendline, it may reverse from this level. 420-427 seems a Resistance. Finding right support and resistance levels are important, and price action makes it better to understand. For learning and educational purposes only, not an advice!
NSE:USHAMART
by SatpalS
2
BALKRISIND looks good for a swing tradeBalkrishna Industries (BALKRISIND) has shown a strong uptrend in the major trend and has recently formed an inverse head and shoulders pattern during the pullback phase of this uptrend. The neckline of this inverse head and shoulders pattern has been broken, and the stock has also taken support at this neckline, further reinforcing the pattern. These factors together indicate a high potential for an upward move in the near future, suggesting that BALKRISIND could see significant upside.
NSE:BALKRISINDLong
by anuragAnand321
LIC inverted Head & Shoulder patternWe can clearly see a inverted head & shoulder pattern in LIC. Long term trend looks bullish, I know not strongly bullish but yeah it is bullish, so we can take a short term trade for a week to 10 days long. 1st target ROI will comes around 2.8% and 2nd target ROI comes around 4.7%, which considered for a week to 10 days trade is a very atrractive return. SL can be placed at 1020 levels which comes to around minimum 1:1 risk to reward which is quite decent.
NSE:LICILong
by akhilsiri171
NOTUSDT Breakout: Is the Bullish Move Real or Just a Trap?Yello Paradisers! Is NOTUSDT setting up for a big move, or should we stay cautious? 🚨 💎NOTUSDT has broken out of a key resistive trendline and has formed an inverse head and shoulders pattern—this is a classic signal for a potential bullish move. But we’re not out of the woods yet. For this setup to fully validate, we need to see a candle close above the breakout level. Only then can we confidently say the bullish momentum is confirmed. 💎Now, here’s where things get interesting: BTC is approaching a crucial resistance zone. Given this uncertainty, it’s smarter to look for buying opportunities on a pullback. Professional traders may choose to scalp near the support levels, but for beginners, it’s better to stay on the sidelines and avoid any unnecessary risks. 💎Keep in mind: If NOTUSDT breaks down and we see a few candles holding below the support level, it will invalidate our entire analysis. Be patient, disciplined, and wait for the right moment—this is how you win in the long run, Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
HINDALCO 1DSwing Trading Setup: Instrument: Hindalco Industries Ltd (NSE) Timeframe: Daily Chart (1D) Chart Analysis: The stock has broken out above a horizontal resistance level around 713.30, which was previously a strong resistance point. The breakout is accompanied by a strong green candle, indicating bullish momentum. Entry Criteria: Buy Entry: Enter a long position if the price sustains above the breakout level of 713.30. Ensure that the breakout is confirmed by closing above this level, preferably with strong volume. Confirmation: You can wait for a pullback to the breakout level (around 713.30) and enter if the price shows bullish reversal signs like a bullish engulfing candle or a pin bar near this level. Stop Loss: Place a stop loss slightly below the breakout level, around 700.00. This gives the trade some room to breathe without risking too much capital. Target: First Target: 750,800++
NSE:HINDALCOLong
by vinitsugandh
Descending channel Breakout reversal strategyLINDE INDIA 1. Descending channel Breakout reversal strategy 2. Inv Head and Shoulder Pattern 3. Close within 52W high zone (-12.6%) 3. Close above the previous day's high 4. Close above last week high 5. Close above last month high 6. High increase in 1 month (+18.8%) 7. High increase in 6 months (+33%) 8. High increase in 12 months (+47.9%) 7. Promoter holding 75 % 8. Pledged percentage 0 % 9. Change in Prom Hold 0 % 10. FII holding 3.03 % 11. Chg in FII Hold +0.72 % 12. DII holding 6.84 % 13. Chg in DII Hold -0.61 % 14. Stock PE 168 15. Industry PE 39.9 16. ROCE 17.4 % 17. ROE 12.9 % For Educational Purpose Only
NSE:LINDEINDIA
by Sachin_Lokchandani
4
HDFC BANK ( Looking goog to invest); small stoploss is enough;For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - "1650". Trade carefully untill ENTRY level. . Entry: 1655 / 1640 target: 1675- 1700- 1750 sl: 1640 / 1630 major stoploss/ support: 1600 . . Enter only if market Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer old posted idea attached below.
NSE:HDFCBANKLong
by TheNuraTrading
TATATECH - Inverse H&S Pattern BreakoutTATATECH - Inverse H&S Pattern Breakout The chart displays a classic Inverse Head and Shoulders pattern, which is often viewed as a signal of a potential upward trend reversal. This means that after a period of price decline, the stock might be gearing up for a move higher. The left shoulder, head, and right shoulder are clearly visible, and the price appears to be moving above the neckline, indicating the possibility of a breakout. Volume Increase: There's a noticeable rise in trading volume on the right side of the chart, which signals growing interest. A strong volume during a breakout is usually a good sign that the price move has solid backing and could be sustained. Breakout Momentum: The stock has already started to break above the neckline, with prices moving upward, suggesting that the momentum is in favor of further gains. Short-Term Trading Levels: Here’s how you could approach this setup, considering entry, profit targets, and stop-loss points. Entry Point: Since the stock has already broken out from the neckline, it might be a good idea to enter near the current price of around ₹1,114, assuming the breakout continues. Target Levels: First Target (T1): ₹1,180 – This is the first potential resistance level where the price might encounter selling pressure, based on previous price behavior. Second Target (T2): ₹1,224 – The second level to aim for, where the price has previously stabilized or paused. Third Target (T3): ₹1,270 - ₹1,280 – The final short-term target, close to previous highs on the chart. Stop-Loss: To limit potential losses, a stop-loss can be set just under the neckline, around ₹1,060. This level gives some buffer for price fluctuations while protecting from a failed breakout. Summary: Entry Point: Around ₹1,114 Targets: ₹1,180, ₹1,224, ₹1,270-₹1,280 Stop-Loss: ₹1,060 Keep an eye on volume and price movement. If the volume stays strong, the breakout is more likely to continue, increasing the chances of hitting the target levels. However, if the price drops back below the neckline, the breakout could be false, and the setup may become invalid.
NSE:TATATECHLong
by Profit_Trader25
Extraordinary volumes in NESTLEIND - what is cookingNestle India Ltd. is a subsidiary of the global food and beverage giant, Nestle. It's known for its popular products like Maggi, Nescafe, and KitKat. Key Financial Highlights (as of latest quarter): Profitability: Nestle India has consistently shown strong profitability, with high profit margins and healthy returns on equity (ROE) and assets (ROA). Growth: The company has demonstrated steady revenue growth over the years, driven by strong brand recognition and product innovation. Financial Health: Nestle India maintains a healthy financial position with low debt levels and strong cash flow generation. Dividend Payout: The company has a history of consistent dividend payouts, reflecting its commitment to shareholder returns. Strengths: Strong Brand Equity: Nestle India benefits from the global reputation and trust associated with the Nestle brand. Diverse Product Portfolio: The company offers a wide range of products catering to various consumer preferences and needs. Efficient Operations: Nestle India has a well-established distribution network and efficient manufacturing facilities. Research and Development: The company invests in research and development to introduce new products and stay ahead of market trends. Potential Concerns: Regulatory Environment: Changes in government regulations, such as those related to food safety or labeling, could impact the company's operations. Competition: The food and beverage industry is highly competitive, with several strong players vying for market share. Raw Material Costs: Fluctuations in the prices of raw materials can affect the company's profitability. Overall, Nestle India appears to be a financially sound and well-managed company with strong brand equity and a diverse product portfolio. However, it's essential to conduct a more in-depth analysis, considering factors like valuation, industry trends, and competitive landscape, before making any investment decisions. s recommended to check for the latest updates and financial reports for a more accurate evaluation
NSE:NESTLEINDLong
by pradytrader1979