As visible on charts CNXIT has given a breakout from multiple reversal patterns which are Island Reversal, Double Bottom, Inverse Head & Shoulder. CNXIT has formed double bottom around 26450 along with RSI divergence and finally given its breakout at 28600. The index fell with a gap and also reversed with a gap hence, leaving behind an island and showing an...
ASTRAL | Simple INHS pattern - Looks potential for 20% CMP : 1885 (Dip : 1820) SL : 1750 Target : 2200 1:4 risk reward setup
TATA Power - CMP 236 buy for Target 270-290- 330-360-390-450-500+ Can buy 240 ce for 15 days holding purpose CMP 5 rs 2-3 years holding purpose SL 212 below candle closing basis
Inverse Head and Shoulders This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the...
Here we can see HDFC BANK forming head and shoulder pattern of 15 minute time frame so here we can short it on 1426 having target of 1421 and 1416 on intraday basis if it breaks the trend Line.
Inverted head and shoulder pattern Good upmove can possible in Havells
Havel's India Weekly Analysis This is how Havel's India Weekly Chart looks. We can see Symmetric triangle pattern is forming. Wait for the proper breakout or breakdown. If you see properly we can even see kind of head and shoulder pattern also. Target, support and resistance is given in the chart. This is just a view, is not a recommendation to trade. Comment...
As, chart says banknifty have given breakout above 200DEMA where, it has faced resistance 3 times earlier. RSI above 60 indicating strength in breakout and confirms it's reliability. Also, breakout from inverted head & shoulder pattern is visible. Minimum target of this pattern comes to 36150 but it can move above this also. I'll try to publish an elaborate idea...
Aster DM is standing at the door of breakout passing which, could witness a massive move. Inverse head & shoulder pattern which was under construction from 9 months is ready for a breakout. Indications which are suggesting breakout is volume buzzing and RSI breaching above 60. After, breakout levels up to 236 is possible but till then, keep a keen watch on it.
BPCL is forming a beautiful Inverted head and shoulders pattern at its low and with its earnings coming up on 12th august, it makes a strong long contender. It takes support on the 50EMA and a break above the neckline on above average volume initiates the trade with long targets of T1 at 371.20 and T2 at 394.45 Risk To Reward od 1:2 Stop loss below the 50EMA High...
Discription: Stock Name: BPCL Chart Pattern: Head and shoulder pattern Time Frame: 1D Entry: Breakout Entry Above 330+ Targets: Target 370+
Inverse Head and Shoulders #Breakout (trend reversal) at #RATEGAIN (Rategain Travel Technologies Ltd) daily chart. What Is the Inverse #headandshoulders ? An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in...
Inverse Head and Shoulders #Breakout (trend reversal) at #SAPPHIRE (Sapphire Foods India Ltd) daily chart. What Is the Inverse #headandshoulders ? An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in...
This is just for educational purposes. Do your due diligence before trading. Give a boost if you like the idea. Thanks :)
Kotak has broken inverse head and shoulder pattern and it can go further upside. Please note this is just my observation and consult with your financial advisor before taking any trade.
#UFLEX IH&S patterns looks very good considering the below point, A. It has prior uptrend before we see LS, H and RS are forming B. Left shoulder has much depth than right one. C. good number of green bar with apricated volume. I can be go long above the neck line (blue line)
NSE:HAVELLS #HAVELLS inverted head and shoulders pattern with levels. stock also trading near to TL, and high chances to BO.
As we can see NIFTY finally broke out of an inverted head and shoulders pattern and started to move as analysed but now we can expected nifty to remain sideways to bullish without showing one sided move ! levels to watch is 17000 being important support and a psychological level and resistance can be seen around 17450-17500 so one can trade between these levels