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Headandshouldersformation

Cup and Handle pattern is seen in Bank nifty today againWhat is a Cup and Handle Price Pattern? The cup and handle is an accumulation buying pattern, which is found during long periods of consolidation, and can lead to powerful explosive moves once the pattern is fully completed. What is a Symmetrical triangle pattern? A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. We can see both Cup and Handle and Symmetrical triangle pattern seen in Bank nifty again and ready for breakout/down. Or Market can make a Head and shoulder pattern (another shoulder is in formation) ... lets see Please see earlier idea published on Aug 26 for similar patterns.
NSE:BANKNIFTY
by AdhigamaTrading
4
[Positional] Jubiliant FoodsJUBLFOODS has prepared a nice Inversed head and shoulder pattern. And also it has broken out of that pattern very convincingly. Also 590-596 was a resistance zone which it had crossed successfully. LONG position can be taken in this. Entry:- 605-605 Target:- 790 SL- 509 ( Ideally SL should be a last shoulder of pattern - but right shoulder is not very clear - little tilted and flat - so taking last the swing low - which appeared after the shoulder )
NSE:JUBLFOODLong
by Santosh_A_Chavan
Bank Nifty - Head & Shoulder (Head - 38402)Bank Nifty could be unfolding head & shoulder chart pattern in 38155 - 38402 zone. The pattern is yet not formed & have to complete by reversing down from 38350-38402 to the neckline support Trading Strategy Trade will trigger only when neckline is breached which is a rising trendline marked as "Neckline" Index has to fall below neckline which is 38200 approx & later has to even fall below 38155 Always know your levels 38150-38160 was the important zone suggested yesterday in the last idea-Bearish Bat. Today morning while opening it had a fall from 38344 to 38155 which took support exactly in 38150-38160 support zone. Our Sell was suggested below 38150 which was not triggered. Stop Loss Above 38402 Highs ( Note- Pattern is not completed yet) Target Target 1 - 38000 Target 2- 37700 Thank You
NSE:BANKNIFTYShort
by WaveTalks
16
NIFTY 50 - 08.08.2022 - DAILY & 15MIN CHART - BAHAVAN CAPITALNIFTY 50 as per 15 minute Chart Analysis i observe as below As per 15 minute chart Analysis Elliot wave 5th had been completed and 1st wave will be starting tomorrow and should test 17466 level and then turn bearish and take a support 17428 / 17407 level. If 17400 level is broken then 17348 level holds the next support. Also i find a Head and Shoulder pattern completion after testing 17466 level and taking support at 17407 level. Happy Profitable trading to all...
NSE:NIFTY
by UnknownUnicorn19608572
Bank Nifty may be Bearish ? There are few reasons for the above observation, They are : 1. There is a Bearish Bat harmonic pattern formed. Only a small correction happened 2. A Head and Shoulder pattern formed which gives a bearish signal 3. A cup and Handle pattern also formed which gives a bearish signal 4. A triangle pattern can be seen. It is in the way of downward breakout, and, 5. The RSI bearish divergence gives a bearish formation. All these information gives a Bearish formation in Bank Nifty. Note: The information given here is for the study purpose.
NSE:BANKNIFTY
by Reverse_Trading
Inverse Head and Shoulder PatternThis is 1D timeframe. Infosys have formed a inverse head and shoulder pattern with a morning star at bottom in head. Last three days, 2 good bullish candles, but the volume is average so I need more confirmation to initate the trade. Will wait to get a closing above 20th July candle with volume support. Then I can target the 1660-1670 zone. I can keep stoploss below neckline to gain good RR ratio. This post is for information purpose only.
NSE:INFYLong
by AkshayAdak