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Headshoulders

[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 )
NSE:JUBLFOODLong
by Santosh_A_Chavan
HCL tech multi timeframe analysis for swing trading in hindiHCL tech multi timeframe analysis for swing trading in hindi in this video i have shown, 15 minutes & daily chart analysis of HCL tech. and trade setup for next day 08/08/2022. you will get idea of where to short sell & where to put stop loss. i have shown practical use of reversal pattern such as triple top, H&S, double top & rising wages pattern. i have also discussed about trendline, RSI diveregence & wyckoff method in real life example. basically i have shown, how to use technical analysis in real life. video is in hindi language. if you like or found useful, kindly like, subscribe & share. Disclaimer: only for learning, not trading tip. trade at your own risk. Hindi description: Swing trading k liye HCL tech ka multi timeframe analyis. maine is video me bataya hai k kaise trendline,reversal pattern aur RSI ka istemal real life me kaise kiya jata hai. is video me aap sikhenge ki double top/ triple top/ H&S ko kaise real chart par mark kiya jata. is video se aap technical analysis ko sahi tarike se use karna sikhenge. disclaimer: yah keval learning k liye banaya aur share kiya gaya hai, trade apne risk par kare
NSE:HCLTECHShort
by pankaj1614312
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.
NSE:CHOLAFINShort
by RK_Chaarts
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.
NSE:HDFCBANKShort
by vipulmehta817
2
Nifty Weekly Analysis-Weekly Line Chart shows Nifty H&S patternWeekly 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% retracement level of LH and LL sequence formed. Important moving averages are also present here with Nifty facing stiff resistance at 100 DMA currently at 17339 and strong support from 200 DMA at 17036. In my opinion, a close above/below either of the moving averages could signal a large move as important resistance and supports are broken. A close above 17350 could signal bullishness and a close below 17000 could signal potential downside.
NSE:NIFTY
by DashSam
Nifty - Possible Scenarios and Various Head & Shoulder PatternsThe 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 of 15th Feb. One could argue that the neckline could be drawn with a straight zone between 16800-16850 and I would agree which I have shown in the other scenarios below. As shown in Exhibit 1 below, the neckline drawn this way has multiple touch points across various tops formed going back to 2016. Also in its favour is the 200 SMA converging at 16913 and Call OI as expected is very strong at 17000. This would lead me to believe Nifty could possibly reverse from 16900-16950 levels and we have to follow price action this week to confirm that. Exhibit 1: - Scenario 2: - As shown in Exhibit 2, looking at the weekly chart it is quite clear that Nifty has found a strong support zone around 16800-16850 levels. There is no doubt that this zone will provide a stiff resistance and this week's candle would be a possible retest of this zone and Nifty would continue its downward momentum from next week. The height of head from neckline would be around 1500 points (from 18350 to 16850) giving a target of 15350. Realistically though assuming neckline could be at 17000 as well 15700 would be a good target. Exhibit 2: - Scenario 3 One can look at weekly line chart wherein H&S pattern is pretty clear but the neckline drawn would be different and pathway that Nifty could take is a upmove towards 17200 and if Nifty is able to close above 17200 in that scenario Nifty would be very bullish from that level possibly rising to 18000 in no time. Key takeaways: - 1. This and probably next week's price action could decide Nifty's fate for a while. Personally I believe the confluence of the neckline joining the tops and SMA 200 at a key level of 16913 would be a very stiff resistance to cross. 2. Nifty could retest 17000 as that could be the neckline and weekly close above that level would turn the scenario bullish. 3. From the line chart, I would still wait for Nifty to close atleast on a daily timeframe above 17200 for confirmation of further bullishness. Note: - Exhibit links shown in comments as dont have PRO membership to post links in Ideas :(
NSE:NIFTY
by DashSam
Nifty is forming Head & shoulders and Flag & PoleNegative 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 Target : 16000 Note: Nifty will not break the patterns now because Government wants to squeeze maximum profits from LIC IPO .So it is possible only in Bullish market so we can expect Bullishness for short term
NSE:NIFTY
by vinay_aravelli
1
HINDUSTAN AERONUT HINDUSTAN AERONAUT 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 understanding purpose in case any buy and sell kindly consult your financial advisor if you wish to know more do comment and let me know Thanks
NSE:HALLong
by helloindia123