Head and Shoulder in SensexTook support at Trend Line 4 times, If it breaks trendline a big correction upto 68k can come.
Near 68k level we have
a. H&S Target
b. 50% retracemet from Russia Ukraine war bottom
c. Weely unfilled gap
Head and Shoulders
Bombay Burmah Trading Corp - Head & Shoulder Pattern & Retest!!Bombay Burmah had given breakout of Head & Shoulder pattern and now has entered retest zone on a monthly time frame. It is looking good and can move towards our targets as mentioned in the chart. Other factors:
1. Monthly Time frame set-up : Head & Shoulder Patter breakout and retest on a larger time frame is much stronger set-up. On a smaller time frame it can come down till support level given market conditions.
2. Stock price is taking EMA 20 as a support on MTF
3. Holds 50% in one of the largest FMCG Co. Britannia - FMCG sector should revive and should give tailwinds to this stock.
4. Hold many dimensional business and EPS is increasing on a YoY basis
Keep this stock in your radar!! Keep following @Cleaneasycharts as we provide Right Stock at Right Time at Right Price !!
Cheers!!!
Mastering the Head & Shoulders Pattern: A Powerful Chart PatternHello Traders!
Today, we’ll be diving into one of the most powerful chart patterns — the Head & Shoulder Pattern . It’s widely used by traders to spot trend reversals, particularly from bullish to bearish trends. If you’re looking to refine your technical analysis, understanding this pattern will significantly boost your trading edge.
Understanding the Head & Shoulder Pattern
The Head & Shoulders pattern consists of three peaks: the Left Shoulder , the Head (the highest peak), and the Right Shoulder . It indicates a trend reversal , usually occurring after a strong uptrend.
Left Shoulder : The price rises to a peak, then declines.
Head : The price rises higher, forming the highest peak, before pulling back again.
Right Shoulder : The price rises again but fails to reach the height of the Head , followed by a decline.
Key Elements for Confirmation:
Neckline : A key support level formed by connecting the lows of the left shoulder and right shoulder.
Breakout : Once the price breaks below the Neckline , the pattern is considered complete, signaling a potential sell-off.
Trade Setup Based on Head & Shoulders:
Entry Point : Enter a trade when the price breaks below the Neckline , confirming the pattern’s completion.
Stop Loss : Place your stop loss just above the Right Shoulder to limit risk.
Targets : Measure the distance from the Head to the Neckline and project it downward from the point of breakout for the target levels.
Example: Nifty 50 Head & Shoulder Pattern
In the chart, we can see the Nifty 50 forming a Head & Shoulders pattern . After the breakdown below the Neckline , the target levels are identified on chart please follow same if you see this chart pattern anywhere, indicating a potential move downward.
Why is This Pattern Effective?
The Head & Shoulders is highly regarded because of its clear structure and reliability in predicting bearish reversals. It helps traders identify when the market is likely to turn, giving you the opportunity to enter trades at the right time.
Conclusion:
The Head & Shoulders pattern is a powerful tool for identifying trend reversals. When used with additional tools like volume analysis and support/resistance levels , it can enhance your trading decisions. Always remember to use a stop loss to protect your capital and consider multiple timeframes for confirmation.
Happy Trading! 😎📉
Ethereum at a Critical Turning Point: Head & Shoulder PatternEthereum Technical Chart Study
Ethereum is showing some interesting price action. It recently took resistance from its resistance zone and is now forming a classic Head & Shoulder pattern—a structure often signaling potential reversals.
Currently, the price is sitting right at the neckline of the Head & Shoulder pattern. If this neckline breaks, it could lead to further downside movement.
Looking below, there’s some key support to watch:
1. The 2800 resistance zone, which Ethereum broke out of earlier, hasn’t been tested yet. This zone might now act as a strong support if the price moves downward.
2. There’s also a trendline support in play, adding another layer of potential price stability.
So, what’s next?
If Ethereum breaks the neckline, we could see the price fall towards the 2800 zone or possibly to the trendline support. These are the levels to keep an eye on for the next big move.
Nifty 50 | Head &Shoulders Pattern – A Breakdown Ahead?Hello everyone! I hope you all are doing great in life and in your trading . Today, I have brought an in-depth analysis of Nifty 50, focusing on a powerful Head & Shoulders pattern that is currently forming on the charts. This pattern is known for signaling a bearish reversal, which increases Supply in the market pushing prices downside. If this pattern plays out as expected, we could witness a strong Downside move in the coming sessions.
Currently nifty is trading at 23,340 levels Where previously buyers had shown interest pushing the market gap up following this pattern is selling pressure these buyers could Exit their position Pushing prices to 23,232 (Target 2) and 23,134 (Target 3).
Disclaimer:-This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.
If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
Redington Ltd – CNH & Inverse H&S Trade with Caution!🚀 Pattern Highlights
Cup and Handle & Inverse Head and Shoulders:
Redington is showing a potential Cup and Handle (CNH) formation alongside an Inverse Head and Shoulders, signaling a breakout at ₹238–₹240.
📊 Technical Levels
Entry: ₹238–₹240 (Breakout Level)
Stop Loss: ₹181 (24% below, on a daily closing basis)
Target: ₹340 (~42% upside, positional/medium-term)
Risk-Reward Ratio: ~1:1.75
🕵️♂️ Observations
1️⃣ The stock is trading within an ascending channel, forming higher lows.
2️⃣ It's below its 52-week high but not correcting much during this bearish phase.
3️⃣ The channel top may act as a key resistance.
4️⃣ Still in Higher High (HH) and Higher Low (HL) format while many other stocks have transitioned to Lower High (LH) and Lower Low (LL) structures.
5️⃣ Volume confirmation will be crucial for a breakout.
⚠️ Risks to Consider
Market Sentiment: Current market conditions are bearish, with indices correcting and most sectors showing weakness.
Bearish Transition?: No confirmation if this is a bull market correction or the start of a bear market.
Earnings Season: Quarterly results are around the corner, which could bring surprises.
📌 Why Risk Management Is Key
Example: Newgen Software recently broke out at ₹1,548 (ATH), moved ~15%, but then plunged 41% in just 9 trading sessions, trapping bulls.
Solution: Trade light with 7–10% of your usual position size (e.g., buy 7 shares if you usually buy 100). This limits risk while keeping you involved.
🏁 Conclusion
Trade cautiously: Position size, risk management, and patience are your best tools here.
If the stock doesn’t fall further, it could be an ideal candidate when the market reverses and bottoms out.
For Beginners: Avoid this trade for now. Add it to your watchlist and observe.
✨ Final Thoughts
Redington is trading tightly above its key DMAs with narrow-range candles. This indicates strength despite market weakness. Watch closely for a breakout confirmation.
🔍 Disclaimer
This is not financial advice. Do your own research (DYOR) and consult a financial advisor before making investment decisions. Trading involves risks, and capital is at stake. This idea is shared for educational purposes only.
Avanti FeedsSL day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
#REDINGTON - Potential Break Out / Feb'25📊 Script: REDINGTON
Key highlights: 💡⚡
📈 IH&N Formation in Weekly chart.
📈 IH&N Formation in Daily chart also
📈 Went into a Side Ways consolidation for over a Nine months.
📈 Volume spike seen in past
📈 MACD Cross Over.
📈 One can go for Swing Trade.
🟢 If you have any questions regarding the setup, please feel free to leave your inquiries in the comments, and I will respond promptly.
BUY ONLY ABOVE 233 DCB
⏱️ C.M.P 📑💰- 226
🟢 Target 🎯🏆 – NA%
⚠️ Stoploss ☠️🚫 – NA%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅#Boost, #Like & #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!🥂
#SHIVALIK - Potential Break Out / Feb'25📊 Script: SHIVALIK
Key highlights: 💡⚡
📈 IH&N Formation in Weekly chart.
📈 IH&N Formation in Daily chart also
📈 Price gave a good up move.
📈 Went into a Side Ways consolidation for over a Two months.
📈 Volume spike seen in past
📈 MACD Cross Over.
📈 One can go for Swing Trade.
🟢 If you have any questions regarding the setup, please feel free to leave your inquiries in the comments, and I will respond promptly.
BUY ONLY ABOVE 850 DCB
⏱️ C.M.P 📑💰- 783
🟢 Target 🎯🏆 – NA%
⚠️ Stoploss ☠️🚫 – NA%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅#Boost, #Like & #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!🥂
Bank Nifty Chart Analysis Trading Opportunity Ahead Bank Nifty Chart Analysis for Budget Day and Net Month
Bank Nifty has formed a **Head & Shoulder pattern** and has already given a **breakdown** 📉. Now, the key focus will be on whether the pattern **succeeds or fails**, which will determine the upcoming market direction. Be prepared for **both possibilities** in the trading sessions following the Budget announcement.
🔹 **Best Trading Opportunity**:
To take advantage of the volatility on Budget Day, a **hedged position** can be created using **Call & Put options** near key levels:
📌 **49,950**
📌 **50,500**
💡 If Bank Nifty makes a **one-sided move of 1,500 points**, this strategy can prove to be highly beneficial.
⚠ **Disclaimer**: This is for **educational purposes only** and not financial advice. Trade wisely and manage risk effectively.
Stay updated and trade smart! 🚀📈 #BankNifty #StockMarket #BudgetDay #TradingStrategy #Nifty #OptionsTrading
NIFTY HAS BROKEN 50 WEMA WITH HEAD AND SHOULDER PATTERN COMPLETEnifty has broken 50 weekly EMA
formed a head and shoulder or triple top pattern at in an attempt to retest the EMA from under and retest completion done.
sell at cmp 22880 22900
target 22550 22500
sl above 23000
Chola Fin co., Looking good ; min 20% Roi ; swingFor short term investment ;
Leave a " Like If you agree ". 👍
.
Wait for small retracement & daily candle to close above - "1260".
Trade carefully untill ENTRY level.
.
Entry: 1260
Target: 1430-1560
sl: 1199
major stoploss/ support: 1190
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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.
Head and shoulder patternhead and shoulder pattern create volume is average wait for breakout treandline pattern but one thing is negative 1000 is psychological resitence
Dow Jones ready to resume DOWN TREND!#DJI DJ:DJI
Attached: Daily Price Chart as of 20th Jan 2025
Time for Dow to DUMP again🩸 and resume its former Down Trend📉
as the rally since 18th December is a sideways corrective flat wave pattern and so the Impulse Bea Wave to follow next🐻🔨
Price can target 200 Day EMA, also forming a HNS Pattern and then take it level by level for further breakdowns
ZENSAR ATH BREAKOUTZensar, 840, gave all time high breakout after multiple attempts. Volumes are supporting. Strong results are backing the stock. Buy with small stop of 815-820 for 880/920/950/1120. Stock also gave breakout of Inverse H&S pattern.
IEX Head & Shoulder patternFound Head & Shoulder pattern in daily time frame. Target and stoploss mentioned.
Nifty-50 Weekly Technical Analysis 👉Based on the available technical analysis for Nifty 50 in 🕝Weekly Time Frame
Head & Shoulders Alert: Jain Irrigation Systems (JISLJALEQS)
Entry: Above ₹84.36 🚦(Safe Traders Wait for a close above )
Stop Loss: ₹68.41 (SL: -19%) 🛑
Targets:Target 1: ₹106.52 🎯 (+26.2%)
Target 2: ₹136.84 🚀 (+62.2%)
Risk-Reward Ratio:T1: 1:1.38
T2: 1:3.27
Profit booking is subjective. Book profits as per your appetite.
📈 Technical Highlights:
Pattern: Forming a Head & Shoulders (Positional pick).
Volume: Picking up significantly 📊.
Candle: Closed below major resistance with a wide-range candle.
DMA Levels: Trading above 30DMA & 50DMA, showing strength.
Bounce: Taking strong support at 30 & 50DMA.
RSI: Bullish momentum ⚡.
⚠️ Key Risks:
Trading against the trend. If markets fall, the probability of this trade failing increases 🚨.
Quarterly Results: Around the corner 🗓️, so be cautious of sudden volatility.
💡 Risk Management:
Position Sizing: Essential due to a deep SL.
Proper risk management is key for survival in case the market turns against this trade!
📋 Disclaimer:
This is not investment advice. Always conduct your due diligence and maintain strict risk management when trading. 🚩
Ircon International SL day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Aegis Trying to breakout of a long consolidation. Observations:
1⃣Trying to break out of consolidation/DarvasBox.
2⃣Closed Right below previous ATH/Resistance.
3⃣Huge Volume
5⃣Inverse Head &Shoulders on DTF.
6⃣Dry Volume During Consolidation/Pullback.
1⃣Action Plan:
➡️Entry Strategy: Enter on a retest of ₹969.5 in case of a gap-up opening or Enter Above 1017.25 with 50% qty and wait for a retest.
2⃣Risk Management: Place a stop loss at ₹843(Day Closing Basis).
➡️Use trailing stops to lock in profits as targets are reached.
➡️Volume Confirmation: Monitor for sustained volume above average to ensure the breakout is genuine.
➡️The confluence of the Inverse Head and Shoulders and Darvas Box breakout significantly strengthens the bullish case.
Market is very weak. So exercise extreme caution and manage the risk.
CNXPSUBANKInverse head and shoulder formation gives a confirmation that price has reversed well from lower end of the parallel channel and ready to move up. middle resistance zone has be bo and retested as well.
