Hns
wan head and shoudersyou 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.
Divis Labs - Failed Breakout??Seems to me like a failed Inv HnS on the hourly here.. All details and explanation on the chart
TechM : H&S in making 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 - Go Long before shortTitan 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 boosting further downside.
However before completing the right shoulder titan can go in a range-bound movement. Let's take that trade before shorting it
Buy Titan above 600
Target 614
SL 575 on closing basis or 585 for intraday
If titan hits Sl then Short titan below 570
LIC - H&S DoomNSE: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 triggers). This will help minimize the risk
