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Headandshouldersformation

ADITYA BIRLA CAPITAL - Bullish Head & Shoulder Pattern formationAditya Birla Capital ( ABCAPITAL) has formed an Inverse Head & Shoulder Pattern on the Daily charts. The inverse head and shoulders pattern is a bullish reversal pattern in technical analysis, indicating a potential shift from a downtrend to an uptrend. It's characterized by three consecutive troughs, with the middle trough (the "head") being the lowest, and the other two troughs (the "shoulders") forming higher lows. The neckline is a trendline connecting the highs of the shoulders and the head. ABCAPITAL broke the neckline of Inverse Head & Shoulder Pattern, after breaking the neckline, bearish divergences were made on MACD AND RSI indicator and the stock fell and took support near the trendline and is probably back on its upward journey. Divergences - RSI divergence occurs when the price of an asset moves in one direction, while the Relative Strength Index (RSI) moves in the opposite direction, suggesting a potential trend reversal or weakening momentum. Essentially, it's when the price and the RSI are not in sync, hinting at a potential change in the market's direction. Indicators - On the Daily timeframe,the stock is trading above its 11 day EMA and 22 day EMA,and RSI is at 60 suggesting positive bias. CMP - Rs. 198. Target - Rs. 235 SL - Rs. 190 Disclaimer: This is not a Buy/Sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
NSE:ABCAPITALLong
by BullishBrew
NAUKRI- INVERSE HEAD AND SHOULDER PATTERN ( BULLISH )NAUKRI has formed an Inverse Head & Shoulder Pattern on the Daily charts. The inverse head and shoulders pattern is a bullish reversal pattern in technical analysis, indicating a potential shift from a downtrend to an uptrend. It's characterized by three consecutive troughs, with the middle trough (the "head") being the lowest, and the other two troughs (the "shoulders") forming higher lows. The neckline is a trendline connecting the highs of the shoulders and the head. NAUKRI broke the neckline of Inverse Head & Shoulder Pattern on the daily charts with good volumes. The HNS target comes to Rs.1700 giving an upside potential of 17%. On the Daily timeframe, the stock is trading above its 11 day EMA and 22 day EMA,and RSI is at 58 suggesting positive bias. CMP - 1476 TARGET- 1700 SL- 1400 Disclaimer: This is not a Buy/Sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
NSE:NAUKRILong
by BullishBrew
#QPOWER - IPO Stock Keep In Watch List📊 Script: QPOWER Key highlights: 💡⚡ 📈 Inverse Head & Shoulders in Daily Time Frame. 📈 Price consolidating near Resistance. 📈 Can Enter on BO with Volume spike. 📈 MACD Bounce 📈 One can go for Swing Trade. BUY ONLY ABOVE 380 DCB ⏱️ C.M.P 📑💰- 376 🟢 Target 🎯🏆 – NA% ⚠️ Stoploss ☠️🚫 – NA% ️⚠️ Important: Market conditions are Okish, Position size 50% per Trade. Protect Capital Always ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk:Reward Ratio as 1:2, with this RR, you only need a 33% win rate to Breakeven. ✅Like and 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!🥂
NSE:QPOWERLong
by MMT_MakeMoneyTrading
HEAD & SHOULDERS IN GOLD - WATCH THAT NECKLINESymbol - XAUUSD CMP - 3288 Gold, after a sharp decline, is now trading and consolidating at important levels. The recent movement follows a strong sell-off as geopolitical and tariff-related issues between the US and China began to ease. This decline pushed gold back from its all-time high of 3500, with the metal currently hovering near key support. The market remains cautious, with attention shifting toward potential shifts in FED policy and broader macroeconomic cues. A Head & Shoulders pattern is in formation, with gold currently testing its neckline around the critical support zone of 3300–3287. A breakdown and retest of this level may trigger further downside momentum, potentially opening the path toward 3220 and 3075 on a positional basis. Key Resistance Levels: 3300, 3317 Key Support Levels: 3288, 3215, 3122, 3075 From a technical perspective, gold remains within a corrective structure, maintaining a bearish outlook. Attention is now on the Head & Shoulders neckline - if it breaks to the downside and retests, short positions can be initiated.
OANDA:XAUUSDShort
by akshit_official
17
Berger Paints | Inverted Head & Shoulders Breakout Breakout Analysis: Berger Paints (NSE: BERGEPAINT) has given a breakout from an Inverted Head & Shoulders pattern on the daily chart, indicating a potential bullish move ahead. The breakout level is around ₹509, which now acts as immediate support. Trade Setup: 📈 Entry: ₹509 (Breakout Level) 🔹 Stop Loss: ₹487 (Below the right shoulder) 🎯 Targets: Target 1: ₹520.45 Target 2: ₹530.60 Target 3: ₹542 Technical Observations: ✅ Volume confirmation on breakout. ✅ RSI moving above 60, indicating strong momentum. ✅ Price sustaining above key moving averages. Disclaimer: 📌 This analysis is for educational purposes only and should not be considered financial advice. I am not a SEBI-registered advisor. Please do your own research and consult a financial professional before making any investment decisions. Trade wisely! 📊
NSE:BERGEPAINTLong
by raigvivek
IRCTC - BULLISH & BEARISH BIASSymbol - IRCTC CMP - 900 IRCTC is currently trading at an interesting zone. After a good rally in the last year, This stock is following a trendline resistance making lower - lows price action & showing no strength of price growth. I am tracking this stock from quite some time. I will be interested in long positions on breakout of 940-950 resistance zone. I will be even more interested in shorting this stock if this stock breaks 850 on downside & sustain below it as it stock is making a Head & shoulders pattern in larger time frame. Such patterns tends be more accurate on larger time frame & don't fail if gets activated. This pattern will get activated if price break neckline on the downside then I will be shorting futures for more downside targets. What will happen? Only the time will tell. My job is to keep it on radar & enter in longs above 950 & enter in short below 850.
NSE:IRCTC
by akshit_official
5
Bank India | Head & Shoulder Breakout | Swing TradeBank India | Head & Shoulder Breakout | Swing Trade The provided information is for educational purposes only, not trading advice. There's a risk of being completely wrong. I am not Sebi registered analyst. My studies are for educational purpose only. Happy Trading!! Bigfoot Academy Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. Bigfoot Academy is not an investment adviser and the information provided here should not be taken as professional investment advice. We are not responsible for you profit or losses that you may incur. So Please Consult your financial advisor before trading or investing.
NSE:BANKINDIALong
by Bigfoot_Academy
Positional Long : Aarti Industries Aarti Industry has given a good correction of ~64% from its top due to weakness in its energy business, drop in Mono Methyl Aniline (MMA) margins ,and is trading near a important support area i.e 400 level. Currently its following a descending channel pattern and has formed a double bottom pattern. Earlier price has formed a Head & Shoulder pattern, & price descended ~25% which was due as per the H&S Pattern. Given the headwinds looks like a good positional buy with a staggered accumulation approach in major dips. ⚡Note: This is just for analysis purpose, please do your own research before punching any orders. 🔍 For more technical analysis and trade setups, make sure to follow me on trading view. 🔗 Trading View: in.tradingview.com/u/DebasisT/
NSE:AARTIINDLong
by DebasisT
Emmbi Industries Ltd Technically checks many boxes.Emmbi Industries Ltd. 📅 Timeframe: Daily Chart Technical Observations 1. Cup and Handle Breakout: 2. Inverse H&S 3. Base Breakout The stock has formed a classic Cup and Handle and an inverse Head and Shoulders pattern, which is a bullish continuation setup. 3. Three White Soldiers: Post-breakout, the stock formed Three White Soldiers (three consecutive bullish candles), a strong bullish indicator. Fundamental Snapshot 💼 Market Cap: ₹300 Crores (Small Cap). 📊 Current Price: ₹169. 📈 High/Low: ₹172 / ₹87.6 (52-week range). 📚 Book Value: ₹104 (Price to Book Ratio: ~1.63). 📉 PE Ratio: 29.6 (relatively higher compared to industry standards). 💸 Dividend Yield: 0.18% (low yield). 📊 ROCE: 8.43% (moderate efficiency). 📈 ROE: 6.03% (average return for shareholders). Key Levels to Watch -Entry Point: ₹172 or wait for multiyear Breakout level 175. -Stop Loss (SL): ₹129.73 (Below the handle and consolidation support). 🎯 Targets: All-Time High (ATH): ₹262.45 (Medium-to-long-term target). Strengths of the Setup ✅ Volume Confirmation: Breakout backed by rising volumes, indicating strong market interest. ✅ Trend Alignment: Stock is trading well above the 50-day and 200-day moving averages, supporting the bullish trend. ✅ Healthy Consolidation: The long consolidation before the breakout reduces the chance of a false move. Risks and Considerations ⚠️Microcap Company. ⚠️ Valuation Concerns: PE ratio (29.6) is on the higher side, indicating the stock might be overvalued compared to peers. ⚠️ Dividend Yield: At 0.18%, the dividend yield is minimal, which may not attract dividend-seeking investors. ⚠️ Broader market conditions (e.g., Nifty 50, Nifty 500) should support bullish sentiment 📉. Trading Plan 📌 Buy Above: ₹172.0 or wait for breakout of 175 📌 Stop Loss (SL): ₹129.73 (Strictly on closing basis) 📌 Targets: Medium-Term: ₹262.45 🎯 📊 Watch for a pullback retest of ₹159.00 with rising volumes. It can be an excellent re-entry or adding opportunity. Do not forget to position size since the SL is extremely Deep. Risk management is the key here. Market conditions are bad and unpredictable. Please excuse Ttypos if any.
NSE:EMMBILong
by sagartharayil
PENIND~~DIWALI PICK >READY FOR STRONG BREAKOUT ?NSE:PENIND PENIND (PENNER INDUSTRIES LTD) DIWALI PICK 2024 CMP 207 Buy on Dips till 150 For Targets🎯222 / 238 / 259 / 285 / 299++ Positional Targets🎯 318 / 336 / 255 / 381 / 395++ Best Wishes of Diwali !! Regards, Harm⭕nics4Life 20/10/2024 =============================================== Technical Setup 1) Rounding Bottom on charts 2) Inverse Head and Shoulder Pattern in formation 3) Placed Strong above 190 levels (Crucial Breakout Zone) 4) At chep valuations 5) Volume addition =============================================== Breakout Chart Positional Chart
NSE:PENIND
by Harmonics4Life
Fortis forming good pattern. Watch for long opportunities. Good pattern. ✅Stock is trading inside a channel ✅Stock is in an uptrend. ✅Picking good volumes on the way up. ✅Trading above key DMAs. ✅Group movement in the pharma healthcare sector. CMP: 683. One can accumulate from CMP or watch for a breakout of the channel. Understand the risk involved. The market moving up today very well could be a trap, to lure the retail investors. This view is just for educational purposes and please do your due diligence before investing. #tradingmarket #niftytoday #healthcare
NSE:FORTISLong
by sagartharayil
Bank Nifty - Formation of Bearish Head and ShoulderBank Nifty index is forming bearish head and shoulders pattern. Here are the key levels mentioned below: Neckline : 50000 (activation point for the pattern) Immediate Support: 49700 (200 EMA) Potential Target: 46500 (if price pierces below 200 EMA) Trend Breakdown: Noted breakdown of the uptrend line since October 23. Make sure to keep an eye on these levels and monitor price action closely as it approaches them! If you have any more insights or questions about trading strategies, feel free to share.
NSE:BANKNIFTYShort
by Arvind_Share_Academy
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