HDFCBANK 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,...
VEDL has formed head and shoulders pattern on a trendline on Hourly chart. We wait for the trendline support at 390 to be broken for the selling pressure to take steam. Once broken, we can expect price to reach the measured move target of 350.
Weekly Line Chart shows Nifty at an important juncture. Nifty has formed consecutive Head and Shoulders pattern and the current levels show a possible retest of neckline on line chart.
On the candle chart this is not quite visible but this could be an important turning point and on the Fib idea I posted before it is a very crucial zone as it is the 61.8%...
The Head & Shoulders Pattern forming on Nifty is pretty much visible to everyone. But there are various possible scenarios on where Nifty could turn more bearish or bullish in next 1-2 weeks.
Scenario 1: -
Nifty could immediately turn from tomorrow onwards as there is a convergence of the neckline drawn from the close price of 20 Dec, close of 14th feb and low...
Negative trend has started in Global markets, Fed interest rates hike, raising crude oil prices, end of bull rallies making NIFTY bearish.
Nifty is forming head & shoulders pattern according to it we can expect targets as
Target1 : 16000
Target2 : 15500
In 1 Month chart we can see Nifty is forming Flag & pole if it break flag
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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1- it is again coming close to the supply zone, remember any supply zone once broken and closing has given above that will start acting as a demand zone
2- The same zone has been acting supply zone from September onwards
3- Moreover it is a made a perfect pattern as well
which itself has a high accuracy
@ all my study is only for...
BTC on weekly time frame has completed H&S formation. If we do simple measurement, then the conservative target is 24488 and the dooms day forecast is 13128 or thereabouts. I hope I am wrong on this one.
The head and shoulders chart is said to depict a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end.
Disclosure : I am not SEBI registered. The information provided here is for Education Purposes only. Consult your financial advisor before taking any decisions
As shown in chart in long period we can see a double top formed and further if we observe we have kind of head & shoulder pattern formed in chart and further breakdown has happened yesterday below that point.
One can SELL around CMP or around 400 with Target below 370
L & T Stock is just completed Head and Shoulders Pattern which is a bullish pattern, retesting also completed and formed Descending triangle pattern with breakout. So, we can expect the stock may go long.
Good buy for short term.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
I am learning as...
COAL INDIA-Head Shoulder formation
All studies explained in the chart.
➣ Promising chart.Can see Inverted Head Shoulder pattern in the chart.anytime BO. Breakout above the neckline .
➣ Fundamentally good company.
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