ABSLAMC is looking bearishthere is a wedge break-down in ABSLAMC and going to make a H&S pattern, if H&S if complete then high probability of going to down, add this stock in your watch list for short sell. setup for intraday.
Headnshoulders
Possible H&S pattern formation in Indigo - daily chartLooking at the price action of Indigo chart on the daily time frame, there is a possibility of Head and Shoulder pattern being formed. This is just an analysis looking at the price trend. The pattern is yet to appear on the charts.
Call it my obsession with H&S pattern, I see it everywhere. These days, even before it is formed. Let's see what the future has in store...
Bharat Forge - Inverted Head and Shoulder patternBharat Forge daily chart shows Inverted head and shoulder pattern. Can buy at cmp with SL of 518 or can buy in dips. Can go long with trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
Head and Shoulders - "Learn More Earn More" with usHead and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower pea k (right shoulder).
A “Neckline” is drawn by connecting the lowest points of the two troughs. Neckline support does not need to be strictly horizontal.
. This illustrates that the upward trend is coming to an end.
. When a Head and Shoulders formation is seen in an uptrend , it signifies a major reversal .
. The pattern is confirmed once the price breaches the neckline support
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order below the neckline.
TARGET:
We can also calculate a target by measuring the high point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
Nifty Dual Head & Shoulder Pattern !!TREND ANALYSIS & TRADE SETUP
Wave Analysis.
Head & Shoulder Chart Pattern.
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
inverse head and shoulders formationBullish expectation if right shoulder level is broken with good support
Ascending Head & Shoulders!There is a Less Probability of Neckline Breakdown of the Ascending Head & Shoulders of NIITTech since the company is Fundamentally strong, but you never know!
I do see more upside in this stock! For long term investors 600 could be reached within couple of years!
Ceat : Bulls tires are good or Are they tired ?!Though we can't call it as perfected inverted head & shoulders to a certain extent , for the purpose of trade setup it appears to be valid pattern. Here we are aiming at 1840's in Ceat but depending on price action around that zone we may have chance for shorts or another extended bull move. But let's finish off with head & shoulders (inv) first, then we will decide further course of action.
Nifty : What if Prediction Fails ?!There can be may reasons given out for the fall yesterday, Guys, we expected 100 points relief to downside on wednesday & whatever form it comes, thats fine. But what's important is the candle formation on week, kind of indecisive one between , potential shooting star, that's fine bcos candle formations doesn't confirm reversals 100%. May be we will be running without any direction between this 9300's to 9500's zone, if lucky we may get that Head & shoulder's pattern over next 2-3 trading days. If everything happens as expected We are right about Nifty.
Everything fine till now, what if any of those didn't happen ? What if our predictions are wrong ? Ha ha nothing will happen, it just means Markets intended to do something else better than our prediction & I'm wrong in My analysis, Not We :) & When I'm so wrong, it makes people so happy & elated & they start early weekend celebrations. If failure of My Charts makes people happy, oh yes... I will chart & keep them happy always :)
Happy Friday , Let's have early weekend :)
