Good breakout there in day time frame. Following inverted head & shoulder pattern. It can consolidate a bit on higher level But good upside move possible if sustains above 280 level.
The trend is already gone. But posting for the example of my pattern breakout result. Still i can see the potential top target. But only when it retraces/retest on the trendline.
M&M has formed classical inverted head & Shoulder pattern breakout. Trade will be only active when it retest the price. RSI is also suggesting over bought zone so it must come for the retest.
💎 WINK has broken out of a descending channel by forming an inverse head and shoulders pattern. Additionally, there's evidence of Change of Character (CHoCH) and Break of Structure (BOS), indicating a bullish market structure. The resistance level was also breached with a significant green candle, further increasing the probability of a bullish move.
💎If the...
💎 FIL has broken out of a resistive trendline and shown a Change of Character (CHoCH) in the price. Additionally, it has formed an inverse head and shoulders pattern, which is a reversal pattern that increases the probability of bullish moves in the upcoming days.
💎If the price breaks out above the neckline or the resistance zone, we can expect a bullish move....
The stock is trading around the neckline of the pattern and on the daily charts it has closed below the zone.
The weekly charts are also showing some negativity and there are chances it may move below as there is a head and shoulder pattern on the higher charts.
Entry can be created in the stock once the weekly low is breached and a daily candle close below it....
Company:- Hindustan Unilever (HUL)
Sector:- FMCG
M Cap:- 5.58T
Purpose:- Educational
Analysis:- Due to over-extended the FMCG index stocks like HUL and many more have fallen from the top of almost 8% to 12%, For the last few days, bottoming out formation has been taking place in the FMCG index and its heavy-weight stocks. In my view, the FMCG index has bottomed...
Centuryply Ltd: Inverted H&S Pattern
Stock breakout the neckline of Inverted H&S pattern and retested the breakout.
63% upside potential.
Levels mentioned on chart.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Dr Reddy has given a huge weekly breakout from Inverted head and shoulders pattern.
This stock is a blind buy for investment considering the pharma rally expected for next few years. Add on dips is the best way to accumulate such investment stock.
The company has one of the best fundamentals as of date. Stock is available at PE of 20 and PEG of 0.52. the return...
Archean Chemical Ind Ltd: Inverted H&S Pattern
33% upside potential.
Levels mentioned on chart.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
*Swing Trade*
Buy SBI Life between 1495-1505
SL 1450
Target 1: 1570
Target 2: 1600
Duration 1-2 weeks
50Rs SL per quantity trade as per your risk rewards capacity.
this good or bad news guys ... my side good stock go to high ,,,.... this good for holding like long term .
inverted head and shoulder
option 1 is like a cup and handle
and
option 2 is inverted head and shoulder
IF YOU LIKE MY IDEA ……like its
Disclosure : I am not Sebi-registered. This channel is for only educational purpose. Any...
![ITC: ITC [W ]](https://s3.tradingview.com/a/A9VAhRbS_mid.png "ITC [W ]")
