DIXON :- Dixon technologies stock is making inverted head and shoulder pattern on weekly chart. Closing above 4600 , can be taken as a good opportunity for taking long side trade .
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas...
In 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
Inverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large...
This is a Way to take trade with Head and Shoulder. Once completed pattern wait to retraced the market after that take trade as per candlestick pattern. Stop loss as per Candlestick pattern.
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HCL tech has given breakout of inverted Head and shoulder pattern. if sustain , then can give very good return.
rest is detailed over chart.
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Head and Shoulder pattern conformed with big read candle.. Take Entry after close below read candle ... (daily Close below 2285 )
SL Head and Shoulders base line...
also check head & Shoulder conformed with previous buy zone.
with tgt and sl market
entry price will be after a retest!
A confident breakout is when it retests the previous resistance zone as its (now) support zone.
I see a hanging head and shoulder pattern on Bank Nifty and will fall after the neckline break.
Target expected is 2.30% from the neck line. Lets watch.
Asian Paint is Making a Head and Shoulder Pattern and Trading near the Neckline. It's also giving a Negative or Bearish Divergence. Short When it breaks the Neckline with Higher Volume than the Average Volume.
