Hello Traders, With HDFC forming a head and shoulder pattern with support placed at 1079, we can see a good upmove from current level. Keeping SL at 1079, The profit range seems to be 1064-1070 . I suggest going long on HDFC, and see this target achieved in 5-8 trading sessions. #HDFCBANK #BANKING #LONGONHDFC #PROFITEOF65to70
Rise after taking support. Be cautious - Low risk - High reward.
LONG NSE:TECHM Two approaches: Long above 560 SL 550 TARGETS 570/576/590/605 (Aggressive traders) Long near 550 SL 540 TARGETS 570/576/590/605 (Conservative traders) Good demand zone in 540-550. Also, stock has formed Inverted head and shoulder on hourly charts. More details in chart.
Don't wanna be a broken record but Classic Doji formed, Also Head & Shoulders. You can be a young bear and short now or wait to let it break 1500.
HNS and broked major trendline downside can see more downfall if broked major support good risk reward ratio {may retrace}
Complex HnS + Inside Bar We have a wick to pass through if short triggers. Alternatively this could also be a long trade considering this at a trendline if we ignore that wick. Long above 685.55, SL at PDL Short below 673, SL at PDH
HINDZINC Resistance: 324, 334 Support: 299, 291,272
Rationale: 1. H&S 2. RSI Divergence 3. Nifty Pullback One can short futures or go ahead and short calls (if it won't go down then will consolidate there).
INVERTED HNS FORMATION ONLY FOR EDUCATION PURPOSE
you can clearly see the hn pattern play out on the daily and 4hr chart as well. i expect we go down to my 1.0 fib there and we have a small move up from there.
Seems to me like a failed Inv HnS on the hourly here.. All details and explanation on the chart
NSE:TECHM is making H&S pattern and moving towards completing the right shoulder. CMP 626 Sell below 621 SL 539 Target 586 / 560
Titan is making H&S pattern at the peak of its uptrend. Looks to be a good case of probable trend reversal. Once right should is complete titan can go as low as 520. Apart from H&S pattern Titan is also making bearish triangle pattern, making lower highs while not making higher lows. Once the triangle is broken on the bearish side it will complete H&S pattern...
NSE:LICHSGFIN , CMP 622, has made Head & Shoulder pattern and may lead to a big fall now. However we may see some retracement, to 640-680, before the action. Short setup Sell LIC below 614 with SL of 690 (short SL 636). Target 550 / 520 Instead of keeping the short SL it will be better to hedge the trade and buy 630 CE @ <14 (buy only when the actual trade...