NIfty H&S pattern SL is triggeredNifty gave a Head and Shoulder pattern in 15mins time frame. The SL for this pattern is generally the low of right shoulder. Nifty has broke the low thus triggering the SL for the trade.
Headandshouldersformation
Indusind Bank Head and Shoulder Pattern - hourly timeframeYet another H&S structure is formed in the IndusInd Bank's chart of hourly time frame. In a bull market like the one underway, this pattern has a very high probability of achieving the target. I am going long, are you?
PS: This is NOT a trading call or advice. Please do your own research.
Weekly Inverted H&S Breakout: V-GuardA bullish Weekly Inverted Head and Shoulder Breakout has been confirmed in V-Guard Industries. One can look into it for investement purpose and can buy at 284 with 260 as Stop Loss for the first target of 321 and 2nd target of 356.
This is only for Education Purpose.
Continuation of Nifty H&S pattern breakout on 15min tfLast week I posted about a Head and Shoulder pattern formation in the Nifty chart of 15mins time frame. Amidst all the bearishness available throughout the market, this pattern had not hit its Stop Loss which is generally the low of Right Shoulder.
Today's swing low narrowly escaped the right shoulder low of 19450. Now, from that low, prices have bounced by almost 170 points. See the chart post for more details.
Power of sticking to 1 pattern. Go deep and not broad in stock market. You MUST be the expert in any one thing to make a killing here.
Head and Shoulder pattern in Nifty 15mins chartHello Everybody,
I am back with yet another Head and Shoulder pattern - long opportunity. Look at the Nifty 50 chart at 15mins time frame. you are going to see the H&S pattern once again. You know what this means—a long opportunity!
TGT = Depth of the head
SL = Low of Right Shoulder
Long term TGT = recent swing high
I am going long...
PS: Post for analysis purpose only.
L&T Head and Shoulder target achieved weekly tfI had posted a long term buy opportunity in L&T. Long term because the head an shoulder pattern had formed in Weekly time frame. See how beautifully the stock has touched the target and still running string. Next target is double the first target. I will keep the stock with trailing SL below the 10 monthly moving average.
Bank nifty reverse head & shouldercheck the trend might be bullish but still wait for price action to make move! Avoid traps check twice price action and volume before making any entry
Head and Shoulder pattern in Bank Nifty - 15minsHead and Shoulder pattern has formed in Bank Nifty chart - 15mins time frame. Ideally, there are 2 targets. 1st - the depth of the right shoulder. 2nd - depth of the head.
NIFTY HEAD AND SHOULDER PATTERNNIFTY HEAD AND SHOULDER PATTERN
Short Nifty Below 19960
Short Target - 19520 - 19500 - 19350
Angel One Ltd. : H&S Pattern Formation of the Head & Shoulder Pattern is clearly seen on the Chart. The Entry level , Targets and Stop Loss are mentioned on the chart.
Company's Fundamentals PE is only 12.15 against industry PE ratio of 21.14 with PB ratio of 4.95 only.
ROCE of 47.3 % one of the highest in the Industry.
Quarterly Revenue rose 23% YoY to Rs 831.1 Crores where as Its sector's average revenue growth YoY for the quarter was 15.7%.
Debt to Equity Ratio of 0.8 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
Interest Coverage Ratio is 12.9, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
This analysis is only for education purpose and contains no tip to buy or sell any stock.
Good Luck !!!
Weekly H&S pattern target about to be achieved in L&T The pattern which started weeks back is now about to give the fruit. Look at the chart of L&T. How beautifully the chart broke out of the Head and Shoulder pattern and now is about to give the target. Patience and sticking to 1 pattern is the key to technical analysis.
Head and shoulders in Bank Niftyweekly candle shows huge rejection from all time high, in the 15 minutes TF we are seeing a head and shoulders pattern break out and retest. confirming the bearishness
All the analysis and levels are only for educational purpose. Use Them at your own discretion
Nifty50 Analysis! Trend Reversal is on the way!NIFTY50 Daily Analysis!
Head and Shoulder Pattern Formation in NIFTY 50!
Head and Shoulder Pattern Breakout in NIFTY 50. Currently Retesting!
NIFTY 50 was clearly in a Downtrend till 28th March. Nifty has moved in downtrend is about 4 months. From December 1 Nifty is falling like anything. After that Nifty started moving upwards. Now Nifty has made a nice Head and Shoulder Pattern on a Daily Timeframe and it started retesting to its support level 18069.
Scenario 1 = If Nifty took support at its recent level 18069 which is also one of the important Fib levels 1.618(Nifty will move up to 18369.30 ) = UP
Scenario 2 = If Nifty breaks above level(Nifty will move down up to 17900 which is Neckline extended support trendline ) = DOWN
Scenario 3 = If Nifty breaks above level(Nifty will move down up to 17557.40 which is a major swing level) = DOWN
Rest of the Analysis you will find on chart. I have done all the possible Analysis on the chart which took lots of time. If you like this Analysis please support this Analysis.
I hope you will lean something about Technical Analysis from this chart.
Thank you all for your Support!
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
Inverted Head and Shoulder in PGIL On daily TimeFrameInverted Head and Shoulder in PGIL On Daily Timeframe. Around 20% Upside Movement Expected.
Stop loss between 565-567.
Holding period 1-2 month.
Hindustan Aeronautics – Sell below 3600Technically it is forming a lower high lower low structure on a lower time frame which indicates that the stock is in downtrend and with this it is also forming head and shoulder formation with the head exactly at 2.618 fib ratio. Thus, taking a short position is more favorable than long ones due their higher probability rate for success here according to these indicators with the 14-day RSI confirming the trend. A sell position can be taken with a closing below 3600 with a Sl of 3630 and a downside target of 3530 and 3470. Confirmation from other tools like Fibonacci Retracement levels & 14-day RSI provide additional support towards my assessment being correct; suggesting further confirmation before executing the trade.
Hindustan Unilever Inverted Head & ShoulderHindustan Unilever has formed an Inverted Head & Shoulder Pattern on the hourly chart. The pattern has formed near a resistance zone, which is a good confluence.
Entry:
We can go long after breakout above neckline/resistance zone with close of strong bullish candle.
Stoploss:
We can keep stoploss below the neckline/resistance zone, with some buffer.
Target:
We can keep target near the next resistance zone.
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JAYSRETEA 150 ?we can see head and shoulder in this particular script, share is struggling to cross 130 area many touches there. after forming a flag and pole pattern we can see a break in this particular script target 150 as per harmonic thanks
GUJARATPOLY Analysis(H&S Pattern)! BSE:GUJARATPOLY Analysis!
Inverted Head and Shoulders Pattern Formation in GUJARATPOLY on Daily Timeframe!
Inverted Head and Shoulders Pattern Breakout in GUJARATPOLY!
Trend Reversal in GUJARATPOLY!
GUJARATPOLY has made INVERTED HEAD AND SHOULDERS PATTERN on a daily timeframe. We can see the price was moving in Falling Parallel Channel . Price has given breakout to the channel on 11 May but it hasn't sustained so we can considered it as a Fakeout . Again prive has given breakout to the channel on 29 May and it has sustained. Also given breakout to the Neackline but we have experienced a selling pressure around it's necklevel.
Entry = Aggressive investors can buy at current levels, Conservative investors can wait for small retest.
Stop Loss = Below 37.40
Targets = 1) 49.70 2) 56.99 3) 65.01
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
H&S pattern going on strong in Tata CommThe H&S pattern formed last year in Q3 and since then it never broke below the Right Shoulder despite the string selling that occurred towards the end of 2022. See how beautifully it has worked out. Nearing targets sooner than later.
Nifty making Head & shoulder pattern|short nifty on right shlderHello Traders,
Nifty is making head and shoulder kind of pattern in 15 mints, still right shoulder has to form, but according to SGX Nifty it is going to gap up opening today,,so once this gap up opening will execute that will touch right shoulder, and i think smart money will play short bet at that levels.
Perfect Entry Levels to short:- Short on right shoulder range of (18585-18625) I think nifty will open somewhere here according to SGX Nifty.
Stop loss:- if something goes against to our analysis then stop loss will act as capital saver so keep stop loss at 18719
Target:- First target 18550 , 2nd target 18485
Disclaimer:- Always consult with your financial advisor before initiating any trade And Always trade with stop loss to save capital erosion from unexpected direction trades.
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"BankNifty at 44,483: Spotting the Head & Shoulders Pattern Real Time Application Date - 29th May / 30th May 2023
Head & Shoulder has unfolded on 29th / 30th May 2023 for Bank Nifty Index & Neckline is already broken to downside & we are waiting for break below 44250 -which is another key support
Disclaimer:
The information provided in this update is for educational purposes only and should not be considered as financial or investment advice. Trading and investing in financial markets involves risks, and past performance is not indicative of future results. Always conduct thorough research and consult with a qualified financial professional before making any investment decisions. The user assumes all responsibility for their investment actions.
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Chart Pattern - Head & Shoulders
It is a popular chart pattern used in technical analysis to identify potential trend reversals in financial markets. It is named after its visual resemblance to a head with two shoulders. This pattern typically occurs after an extended uptrend and signals a possible reversal to a downtrend.
The Head & Shoulders pattern consists of three main components:
Left shoulder: Forms as the price reaches a peak during the uptrend, followed by a temporary decline.
Head: Subsequent rally with a higher peak compared to the left shoulder.
Right shoulder: Another decline, usually lower than the head but similar in height to the left shoulder.
The pattern is considered complete when the price breaks below the "neckline," which is a support level connecting the lows of the left shoulder, head, and right shoulder. The breakdown below the neckline acts as a confirmation of the pattern and suggests that selling pressure has become dominant.
Here are the key characteristics and implications of a Head & Shoulders pattern:
Reversal Signal:
The Head & Shoulders pattern is a bearish reversal signal, indicating a potential shift from an uptrend to a downtrend. Traders and investors often interpret this pattern as a signal to sell or take short positions.
Volume Confirmation:
Volume analysis plays a crucial role in confirming the validity of the pattern. Generally, higher trading volume is observed during the formation of the left shoulder and the head, while the volume tends to decrease during the right shoulder. A noticeable increase in volume during the breakdown below the neckline adds credibility to the pattern.
Price Target:
The Head & Shoulders pattern provides a price target for the subsequent downtrend. To estimate the target, measure the vertical distance from the neckline to the top of the head and subtract it from the breakdown level. This projected distance is often considered as the potential downside target.
Failure to Confirm:
It is essential to note that not all Head & Shoulders patterns result in a significant trend reversal. Sometimes, the pattern may fail to confirm, and the price might continue its previous uptrend. Traders should always wait for confirmation through the breakdown below the neckline before taking any trading actions.
In conclusion, the Head & Shoulders pattern is a widely recognized and studied chart pattern in technical analysis. Traders and investors utilize this pattern to identify potential trend reversals and make informed trading decisions. However, it is essential to combine this pattern with other technical indicators and analysis techniques to increase the probability of accurate predictions.
Nifty takes rejection at the top, AGAIN!Nifty has taken rejection at the top and seems to be forming a potential Head and Shoulders pattern, which is a bearish pattern. But this pattern will only be validated if price breaks the important support zone of 16800-17000 levels . On the other hand, if the price climbs back up and breaks the resistance zone of 18350-18500 , we might see a strong bull market. Wait and watch would be the word, in my opinion.
