Hero Motocorp formed a head and shoulder pattern on the daily chart. if the price gives a breakdown of the neckline then we may see a good downside move from here. From investing point of view, the price has already corrected more than 30% from the march high that make this level a good point to add stock to the portfolio.
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Some Knowledge about MY patterns here : 1) Cup and Handle : Appearance: Looks like a cup profile with the handle on the die right Reversal or consolidation: Short-term (up to 3 months) bullish consolidation Failure rate: 26% Failure rate if waited for a breakout: 10% Average rise 38%, with most likely rise between 10% and 20% Throwbacks 74% Percentage...
∘ Head & Shoulder Pattern ∘ Breakdown & Retest confirmation of downtrend , If fake fall go long target all time high Note : Always be extra cautions with breakout trade with confirmation
Bombay Dyeing - Weekly Analysis - looks getting ready for breakout adding some qty @ 89 Will add more if get @ 65-80 range Target 120-150-180-200-250-300+ SL below 60
This is no coincidence that somewhat a head and shoulder patterns neckline + falling trendline + a very crucial volume-based traded area all broken and closed with a bullish candle on the day .... JK paper seems to be rocking in a few days. Risk = 4% . The reward depends on how much patient u can be :)
ITC is moving in a downward triangle and has now formed a head and shoulder pattern. It might go back up due to the last session's retracement but should technically go down.
NTPC Inv. H&S formation.... Wair for breakout, after b/o trend would be clear and can give good R:R... Hit the like button, Do follow my page and inbox me for more details regarding Entry/Target/Sl...
Hindustan Petroleum corporation limited ** Follow me and Inbox me for Entry/Targets and SL Disclaimer: # Only for education purpose # Do not trade without consulting your financial advisor
MCX Natural gas has made head and shoulders patterns on the weekly timeframe. And the two shoulders are overlapping. Sell confirmation is line breakout. Recently, it has broken 200 moving average. If it shows closing price below the neckline and 200 MA consecutively, NG will fall nonstop. X and Y are the formation's size. Here is the value of x 100 and y 74....
Head and shoulder pattern can be observed in SUVENPHAR and the stock is taking support at the Trend line/ Neckline. If it breaks this neckline, can be a good short. Levels mentioned in the chart.
Bharat Forge daily chart shows Inverted head and shoulder pattern. Can buy at cmp with SL of 518 or can buy in dips. Can go long with trailing stop loss. Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
stock has formed HS pattern and also breakout to happen in daily chart. Ready to roar. Good to accumulate on dips also.