ASHOKLEYASHOKLEY making inverted Head&Shoulder patter, it's not complete now, it can be possible Cup&Handle pattern also wait for clear direction
Headandshouldersformation
Infosys SHORTReasons for Short as follows:
1) Classic Head & Shoulder Breakdown Pattern
2) Price trading near 52 Week Low Zone
3) IT Sector is the Weakest and Leading the Bear Market
4) Global Recession means Slowdown in Revenue for these IT Companies
SELL Weakness
Stop Loss above 1420
Targets:
T1= 1320/ 1300
T2= 1250 ish zone
HavellsHavells is forming inverse head and shoulder pattern after the fall. This may be good oppurtunity for near term upside move
Head and shoulders in INFY 75m chartINFY 75m chart has completed head and shoulders pattern and has given a breakout today with above average volume. The price action is bullish and we can look for long opportunities on Thursday when the market opens after a day off. Any retracement to breakout zone of 1415 can be a good opportunity to go long with targets of 1445/1470/1495.
Shriram Transport Finance (Short Setup)BEARS to Attack SRTRANSFIN!
A Head & Shoulder Top Pattern is visible
+
EW count says 1 of (C) done as the 'v waves' marked
2 of (C) done as rise from 23rd August Low is overlapping
Now 3 of (C) down should start
CMP= 1324
TARGETS:
T1= 1260
T2= 1235
STOP LOSS > 1400
Godrej propertiesWe can see formation of head and shoulder prcie broke neckline and retested the neckline so we can place stoploss slightly above neckline
Disclaimer - this is just my view and opinion it can also go wrong this is only for educational purposes please trade at your own risk\\
JKCEMENT looking good above 3000In this, the price formed a head and shoulders pattern at the FIB Retracement golden level of 0.618 and broke out with decent volume, now trying to continue its up move. This is the best time to take entry
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.
AXISBANK 75m.. Cup and Handle within Head and ShouldersAXISBANK 75m chart is exhibiting a cup and handle bottom formation within a broader tilted Head and Shoulders formation. Bulls and bears fighting for dominance, although bulls seem to be winning with this cup and handle in place.
Would be interesting next few days to see which side the tide turns and therefore which side do we need to turn and enter our position.
BNB on daily chart..Formation of head and shoulder pattern on daily chart.
Short entry can be activated
[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 )
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
AARTI IND LTD - Bullish PatternAARTI IND LTD seems head & shoulder in daily chart. keep watch for breakout confirmation. If price sustain above 726, It will reach above mentioned target.
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...
UTIAMC - INVERSE HEAD & SHOULDERUTIAMC has made a inverse head and shoulders pattern and gave a breakout with good volume . Stoploss can be at recent swing low.
Disclaimer :- I'm not SEBI registered analyst. Information given is for educational purposes only.
Do your own analysis before investing.
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.
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.
Head & Shoulders Bottom in JPYINR 4HJPYINR currency spot pair has formed a head and shoulders bottom on the 4H time frame. The price broke out of the resistance line today. It would make sense go long on a retracement back to the trendline for a measured move target of 0.60 on the spot pair.
Break outNSE:ASIANPAINT
Breakout with volume support and breaking pattern like head and shoulder.
Thanks...
Reliance - can the weakness continue? After the falling wedge breakout I posted earlier
Will reliance take support on the trend-line or break it?
Will it take nifty to lower levels along with it.
Can be weak after a close below 2400
Stay tuned
Nifty 501.global sentiment negative
2. war was not end
(Chart shows a breakout )
(small Up Trend )
1.IF Tomorrow gap up if break the resistance 15713.95 .. if we can see the price action for buying side and exit at the target price
2.If Open in flat wait for the trend up side or downside the take the trade
3.if gap down cross 15572 wait For close the 5 min or 15 min candle the crossed 15572 buy and wait for the target
Left shoulder and head is created
Possibility my have on up side up to previous week swing high
Note . this just prediction. market can happen anything
SHORT LAURAS LABSLauras Lab 545 making head and shoulders pattern on daily charts. Pharma pack very weak. Short Lauras Lab till 570 for target of 535/520 and 515,
Below 510 levels breakdown we can see 460 levels too.
