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Inverse Head and Shoulders

Redington Ltd – CNH & Inverse H&S Trade with Caution!🚀 Pattern Highlights Cup and Handle & Inverse Head and Shoulders: Redington is showing a potential Cup and Handle (CNH) formation alongside an Inverse Head and Shoulders, signaling a breakout at ₹238–₹240. 📊 Technical Levels Entry: ₹238–₹240 (Breakout Level) Stop Loss: ₹181 (24% below, on a daily closing basis) Target: ₹340 (~42% upside, positional/medium-term) Risk-Reward Ratio: ~1:1.75 🕵️‍♂️ Observations 1️⃣ The stock is trading within an ascending channel, forming higher lows. 2️⃣ It's below its 52-week high but not correcting much during this bearish phase. 3️⃣ The channel top may act as a key resistance. 4️⃣ Still in Higher High (HH) and Higher Low (HL) format while many other stocks have transitioned to Lower High (LH) and Lower Low (LL) structures. 5️⃣ Volume confirmation will be crucial for a breakout. ⚠️ Risks to Consider Market Sentiment: Current market conditions are bearish, with indices correcting and most sectors showing weakness. Bearish Transition?: No confirmation if this is a bull market correction or the start of a bear market. Earnings Season: Quarterly results are around the corner, which could bring surprises. 📌 Why Risk Management Is Key Example: Newgen Software recently broke out at ₹1,548 (ATH), moved ~15%, but then plunged 41% in just 9 trading sessions, trapping bulls. Solution: Trade light with 7–10% of your usual position size (e.g., buy 7 shares if you usually buy 100). This limits risk while keeping you involved. 🏁 Conclusion Trade cautiously: Position size, risk management, and patience are your best tools here. If the stock doesn’t fall further, it could be an ideal candidate when the market reverses and bottoms out. For Beginners: Avoid this trade for now. Add it to your watchlist and observe. ✨ Final Thoughts Redington is trading tightly above its key DMAs with narrow-range candles. This indicates strength despite market weakness. Watch closely for a breakout confirmation. 🔍 Disclaimer This is not financial advice. Do your own research (DYOR) and consult a financial advisor before making investment decisions. Trading involves risks, and capital is at stake. This idea is shared for educational purposes only.
NSE:REDINGTONLong
by sagartharayil
Chola Fin co., Looking good ; min 20% Roi ; swingFor short term investment ; Leave a " Like If you agree ". 👍 . Wait for small retracement & daily candle to close above - "1260". Trade carefully untill ENTRY level. . Entry: 1260 Target: 1430-1560 sl: 1199 major stoploss/ support: 1190 . . Enter only if market Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer old posted idea attached below.
NSE:CHOLAFINLong
by TheNuraTrading
1
Head & Shoulders Alert: Jain Irrigation Systems (JISLJALEQS) Entry: Above ₹84.36 🚦(Safe Traders Wait for a close above ) Stop Loss: ₹68.41 (SL: -19%) 🛑 Targets:Target 1: ₹106.52 🎯 (+26.2%) Target 2: ₹136.84 🚀 (+62.2%) Risk-Reward Ratio:T1: 1:1.38 T2: 1:3.27 Profit booking is subjective. Book profits as per your appetite. 📈 Technical Highlights: Pattern: Forming a Head & Shoulders (Positional pick). Volume: Picking up significantly 📊. Candle: Closed below major resistance with a wide-range candle. DMA Levels: Trading above 30DMA & 50DMA, showing strength. Bounce: Taking strong support at 30 & 50DMA. RSI: Bullish momentum ⚡. ⚠️ Key Risks: Trading against the trend. If markets fall, the probability of this trade failing increases 🚨. Quarterly Results: Around the corner 🗓️, so be cautious of sudden volatility. 💡 Risk Management: Position Sizing: Essential due to a deep SL. Proper risk management is key for survival in case the market turns against this trade! 📋 Disclaimer: This is not investment advice. Always conduct your due diligence and maintain strict risk management when trading. 🚩
NSE:JISLJALEQSLong
by sagartharayil
Aegis Trying to breakout of a long consolidation. Observations: 1⃣Trying to break out of consolidation/DarvasBox. 2⃣Closed Right below previous ATH/Resistance. 3⃣Huge Volume 5⃣Inverse Head &Shoulders on DTF. 6⃣Dry Volume During Consolidation/Pullback. 1⃣Action Plan: ➡️Entry Strategy: Enter on a retest of ₹969.5 in case of a gap-up opening or Enter Above 1017.25 with 50% qty and wait for a retest. 2⃣Risk Management: Place a stop loss at ₹843(Day Closing Basis). ➡️Use trailing stops to lock in profits as targets are reached. ➡️Volume Confirmation: Monitor for sustained volume above average to ensure the breakout is genuine. ➡️The confluence of the Inverse Head and Shoulders and Darvas Box breakout significantly strengthens the bullish case. Market is very weak. So exercise extreme caution and manage the risk.
NSE:AEGISLOGLong
by sagartharayil
2
Infosys Ltd. Watch for Darvas Box Breakout. 📉 Current Price Action: Infosys is consolidating within a Darvas Box pattern, trading close to a 3-year-old resistance zone near ₹1,953.7. The stock is forming a base after a pullback, suggesting potential for a breakout. 📈 Trade Setup: Entry: ₹2,002.1 (above the resistance zone) Stop-Loss (SL): ₹1,707.6 (on a closing basis) Target: ₹2,335.8 (medium-term potential) 🚩 Key Observations: The stock is holding above its Key DMAs, indicating near-term strength. Consolidation near a key resistance signals a build-up for a breakout, but volumes need to support the move. If the breakout fails, watch for price action near the lower support zone (₹1,707) for signs of reversal. ⚠️ Caution: Wait for a confirmation candle with good volume before entering. Avoid premature entries as the stock could continue consolidating within the current range. Nifty IT Sector Context: Nifty IT is showing signs of base formation after a significant pullback. A sectoral breakout above 44,317 could drive momentum across IT stocks, including Infosys. 💡Follow the price action and adjust your strategy based on market cues. A clean breakout could lead to strong upward momentum.
NSE:INFYLong
by sagartharayil
Camlinfine offers good Risk To Reward. Add to WL⚠️ HIGH-RISK, HIGH-REWARD OPPORTUNITY Stock: CAMLINFINE Time Frame: 🕒 Daily 🎯 Entry Strategy 📌 Entry Trigger: ₹133.6 (Wait for a weekly close above this level) 📈 Targets T1: ₹144.4 T2: ₹168.8 T3: ₹186.2 ATH Potential: ₹231.39 🔻 Stop-Loss (SL): ₹111.7 (16% risk) 🔍 Technical Highlights 📐 Trendline Breakout followed by a healthy consolidation. Formation of a ☕ Cup & Handle pattern—indicative of bullish momentum. 🔄 Inverse Head & Shoulders, signaling a potential trend reversal. ⚠️ Risks to Consider Weak fundamentals, with poor ROE and ROCE. Volume needs significant improvement for sustained momentum. 💡 Why This Could Work If this marks the start of a trend reversal, the potential reward is substantial. However, this is a high-risk bet, so position sizing and risk management are absolutely critical.
NSE:CAMLINFINELong
by sagartharayil
ABDL: Bullish Setup Post-BreakoutABDL: Bullish Setup Post-Breakout 🔥📈 ✅ Breakout Alert: Price broke out of a long consolidation range, signalling strong momentum. ✅ Retest Success: Retested the breakout zone (~₹373), confirming it as support. ✅ Bullish Pattern: Inverse Head & Shoulders confirmed, adding to the bullish outlook. ✅ Volume Pickup: Rising volume aligns with price action, indicating strong buying interest. ✅ Above Moving Averages: Price holds above key 50 & 200 DMAs, reinforcing the uptrend. 🎯 Key Levels: Entry Zone: ₹395-396(Safe Players wait for a day close) Target: ₹471-480 (Medium Term) Stop Loss: ₹359 (Closing Basis) 💡 Risk/Reward: Risk: ~9% Reward: 38%-50% 📌 Note: This setup is for educational purposes only. Please do your due diligence before trading.
NSE:ABDLLong
by sagartharayil
UCAL Breakout with Huge Volume. Add to your WLKey Highlights 1⃣ Breakout of Consolidation: The stock has decisively broken out of a long-term consolidation range. 2⃣ Strong Volume Support: Backed by significant volume, indicating probable institutional participation. 3⃣ Above Key DMAs: Trading above critical daily moving averages (DMAs), reinforcing bullish momentum. Pattern Insights 📦 Consolidation Breakout: A breakout from a long-term consolidation box (marked in green). 📈 Ascending Channel: An ascending channel pattern within the consolidation range suggests bullish accumulation. 🌀 Bullish Patterns: Formation of an Inverse Head & Shoulders and a Cup and Handle within the ascending channel adds to the bullish narrative. Trade Plan 📥 Entry: Above ₹254.60, or on dips close to ₹230-₹220 levels. 🎯 Targets:Target 1: ₹300 🎯Target 2: ₹338.50 ❌ Stop Loss: ₹205 for long-term/positional trades. 💡 Potential Upside: A close above ₹338.50 could trigger a fresh rally, with potential targets in the ₹400-₹450 range. Key Reminder 1⃣ Market Condition: The overall market is currently bearish. Exercise caution. 2⃣ Risk Management: Position sizing and disciplined risk management are critical in the present scenario. 3⃣ Market Trends: Long setups are failure-prone if the market continues its downtrend.
NSE:UCALLong
by sagartharayil
BAJEL -inverse head and shoulders- Good Volume -BreakoutThe chart **Bajel Projects Ltd.** (BAJEL) on the **NSE**. Key observations: 1. **Pattern:** - A clear **inverse head and shoulders** pattern. This is typically considered a bullish reversal pattern. 2. **Breakout:** - The price has broken above the neckline resistance 267 (yellow trendline), with significant bullish momentum. 3. **Measured Move Target:** - The projected target, calculated from the breakout point to the height of the pattern, is shown as **42.10 points** or approximately **15.72%**. 4. **Key Levels:** - **Support Levels:** - **233.36:** A major support level aligning with the pattern's base. - **267.00:** Previously resistance, now acting as support post-breakout. - **Resistance Levels:** - **306.80:** A key resistance level after the breakout. 5. **Volume Analysis:** - A spike in **volume** confirms strong buying interest during the breakout, supporting the bullish move.
NSE:BAJELLong
by VCharts_TA
PENIND~~DIWALI PICK >READY FOR STRONG BREAKOUT ?NSE:PENIND PENIND (PENNER INDUSTRIES LTD) DIWALI PICK 2024 CMP 207 Buy on Dips till 150 For Targets🎯222 / 238 / 259 / 285 / 299++ Positional Targets🎯 318 / 336 / 255 / 381 / 395++ Best Wishes of Diwali !! Regards, Harm⭕nics4Life 20/10/2024 =============================================== Technical Setup 1) Rounding Bottom on charts 2) Inverse Head and Shoulder Pattern in formation 3) Placed Strong above 190 levels (Crucial Breakout Zone) 4) At chep valuations 5) Volume addition =============================================== Breakout Chart Positional Chart
NSE:PENIND
by Harmonics4Life
National Aluminum looks strong. Add to your WLNationalaluminium- add to your Watch List. ✅Good pattern- Forming VCP, inverse H&S ✅Stock in an uptrend. ✅Resisted the overall market fall ✅Never fell below 50-200 DMAs while many stocks were trading well below that in this correction. ✅Volumes are picking up now. ✅3 White soldiers on DTF. This is a good positional long-term bet. Accumulate or pyramid in this. This is just my view. This is not a buy/sell recommendation. Please trade as per your risk appetite and discretion.
NSE:NATIONALUMLong
by sagartharayil
ORIENTAL HOTELS : Chart Pattern Breakout#ORIENTHOT #Swingtrade #breakout #Chartpattern #Trendingsetup Orienthot : Swing Trade >> Inverse Head & Shoulder pattern >> Trending setup >> Good Volume & Strength >> Good Risk Reward Trade Swing Traders can lock profits @ 10% and keep trailing Note : In Current Market Scenario, Breakouts can easily fail so Trade Good Setups with Proper Risk Management and Position sizing Disclaimer : This is not a Trade recommendation, Charts Shared are for Learning Purpose
NSE:ORIENTHOTLong
by moneyfesttrading
1
UPL by KRS Charts21st October 2024 / 10:05 AM Why UPL ❓ 1️⃣ UPL is Bullish Stock long term wise with Decent Fundamentals. 📈 2️⃣ Recent March Low seems like Higher Low in bigger picture ✅ 3️⃣ UPL has Formed Inverted H&S and Breakout from it and currently Reversing to Bullish again after Retesting from Prev. Resistance. ↗️ 4️⃣ 1D TF, Bullish Hammer is visible and today also moving strong Upside 🔅 UPL Target 716 Rs with SL of 520 1W Closing Basis
NSE:UPLLong
by KRSCharts
6
BOROLTD - Multiple Bullish Pattern Breakout On Weekly ChartBOROSIL Ltd reveals a combination of bullish patterns, suggesting the potential for an upward breakout on weekly chart. Here’s a technical analysis: Inverse Head and Shoulders Pattern: The stock shows an inverse head and shoulders formation, with the left shoulder, head, and right shoulder clearly marked. This pattern is a strong bullish reversal signal, indicating a shift from a downtrend to an uptrend. Cup and Handle Pattern: Inside the inverse head and shoulders, there’s also a cup and handle pattern, with the cup length marked. This pattern further reinforces the bullish outlook, as it often signals a continuation of an upward move following a breakout. Breakout Above Resistance: The stock appears to be testing a horizontal resistance level at around ₹455. A breakout above this level would confirm the bullish patterns and indicate a potential upward move toward the projected targets. Volume: There’s a noticeable increase in volume as the stock approaches the resistance level, suggesting accumulation and growing buying interest. Rising volume during the formation of these patterns is a positive sign for breakout strength. Targets: The projected targets are based on the cup and handle breakout measurement: Target 1: ₹500 Target 2: ₹560 Target 3: ₹600 RSI (Relative Strength Index): The RSI indicator is trending upward and is currently around 62, which is in the bullish zone. However, it’s not overbought, implying that there could still be room for further upward movement. Conclusion The stock displays multiple bullish patterns (inverse head and shoulders and cup and handle), backed by rising volume and an upward-trending RSI. A successful breakout above ₹455 could lead to the stock reaching the first target of ₹500, followed by potential gains to ₹560 and ₹600 if momentum continues.
NSE:BOROLTDLong
by Profit_Trader25
3