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.
Headandshouldersformation
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.
Head and Shoulder - sell on rise
T- 215/200/185
SL : 239
Reason : Head and Shoulder like structure and bearish bat has formed .
Holding period : 30 days
TEXMACO RAIL & ENG - Long term BullishTEXMACO RAIL & ENG - Long-term Bullish
1. Now in a support zone, If it breaks means it will form a head and shoulder pattern.
2. Target is 33, Once it completed the pattern it will move upward.
3. buy at 33 and Long term target will be 60.
Note:
1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
CHOLAMANDALAM INVESTMENTThis stock has broken down support trend line on daily chart along with good intensity of volume.
Stock is possibly forming a bearish head and shoulder pattern and currently, the neckline is at 603. close below 603 will confirm a head and shoulders breakdown which may the open the gates of 482 levels.
Also trend indicators like macd, rsi, rk momentum, rk mass psychological cloud, dmi and adx all are supporting same bearish bias, which increases our confidence to go short in this stock. Price is now trading below 20DMA and also below lower bollinger band which increases our negative bias as a momentum fall expected. The elliot wave structure suggests that the short to medium term uptrend has reversed because wave A was possibly a five wave decline, and corrective pullback wave B looks complete and now possibly wave C is unfolding. RK's momentum also given a sell signal.
If wave C is going to equal to wave A then 562 is minimum to go for, and if it goes 161.8% of wave A then we can see 482 levels ( head and shoulder pattern's size )
Breakdown with a good intensity of volume
Price also broken 20DMA and now trading below lower Bollinger Band
macd negative crossover on daily also below zero line
macd already running negative on weekly chart
RK's stop line along with mass psychological cloud suggesting to go short
RK's momentum sell activated on daily chart
rsi on daily downtick and below 40
dmi adx also negative on daily chart
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
EURUSD Head and Shoulders on 4HEURUSD has formed head and shoulders on 4H chart. Breakout, retracement leg is complete as well. Conditions seem ripe for H&S bullish continuation push upwards. Measured move target: 1.08.
HDFCBANK Head and Shoulders on WeeklyHDFCBANK has formed Head & Shoulders pattern on the weekly chart and is breaking down from its trendline at 1250 zone. Breakdown from here can take the price all the way to measured move target of 990-1000.
Note that 200WMA may also act as support at this 1250 zone and we may see the price halting here, hence 1250 is a crucial support zone for the stock. If held, price can retrace back to previous highs as well.
Watch out for break of 1250 for a medium-term fall in price.
SHORTING OPPORTUNITY IN AUDJPYAUDJPY broke head and shoulders pattern in D and 4H . i will look for a retracement to enter during pull back . Since JPY is trading strong i am expecting good bearish movement .
i will enter in lower time frames like 1H after seeing confirmation from candlestick
I COULD BE 100% WRONG IF U FOLLOW MY TRADE IDEAS KINDLY MAINTAIN A MAX SL OF 0.50%
nifty future resisted at channel top & moving towards the middle#nifty future resisted near channel top of 17400
and making head and shoulder pattern...
moving towards middle line of channel and neck line of channel
near 16925-- 16800
now immediate channel resistance is 16225---16280
mkt "sell on rise " mode
Praj ready for next breakout#praj
Praj industry looks getting ready for Inv HS BO.
Will take pilot position on Day close above 430
And final position on DC > 445
#vr
CANTABIL #CANTABIL (D):- CMP 1105.3 Looks Good For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
Should we expect Head and shoulder in axis bank?I'm hoping to see an head and shoulder pattern in axis bank on daily timeframe, as it's near supply zone.
Please feel free to guide me as im still learning basics of supply and demand zones and how to combine patterns with them for confirmation.
Should we expect an head shoulder in axis bank from here?As axis bank is near a supply zone, i'm assuming we can see downfall of axis in coming week. I'm still learning basics of supply and demand zones. Please feel free to give me helpful advices here.
