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.
weekly 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 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...
Inverted Head and Shoulder in PGIL On Daily Timeframe. Around 20% Upside Movement Expected. Stop loss between 565-567. Holding period 1-2 month.
Technically 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...
Hindustan 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...
Head and shoulder pattern on daily chart Expect more correction
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
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...
The 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.
Hello 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...
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...
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...
[Ethereum equals BTC in a dangerous head and sholder formation. Losing there in the region of $1,680 breaks the neckline. I put the measure move of the high leg of this head and holders, vertical line in red and it's coming to $1,240 and it seems exaggerated but that's it. Now we are looking for the $1.700 region and it won't be good to miss it. After that the...
Let’s quickly start this analysis from June 22 lows. Weekly Chart There is a clear A-B-C type corrective pattern which tested into previous highs of Oct 2021. I was expecting some support build up near 18000 levels (for the trend to resume on the upside) in Dec 2022 but that did not happen, and the market just drifted lower and lower to previous support area...
TATA STEEL looking good for a short term swing , a good inverted head and shoulders pattern is formed and stock has broken out of the resistance of 108 levels , if sustains above , stock can move towards targets of 113/115 , with SL of 107
IGL, 425, making inverse head and shoulders pattern where breakout will be above 440 closing. apart from H&S, cup and handle is also there. Target will be 475 to 490 range. invalid below 410 when trade is active
Nifty 50 continuously trading in bullish momentum from the past week after getting the breakout of the parallel channel now moving toward the 18200 level. 18200 Level is a very important resistance zone 18200-18250 thus if this level breaks out we can see a very high probability to reach up to previous high. 17600 is acting as a great support for nifty.