Inverse Head and shoulder pattern in ZENSARTECH. If it sustains above 270 then the expected strong bullish move in this stock. Can go long above 270 for the target of 350 to 470+ in the coming trading sessions.
** Inverted Head and Shoulders-
The inverse head and shoulders occurs when a downtrend reverses into an uptrend, and is basically the head and shoulders pattern we have just analyzed turned H & S pattern . As such, it’s really just a gradual change in the direction of the trend, marked by a penetrated trend-line and weakening of the current trend.
** The Complex...
In today's trading session TATASTEEL did breakout of an inverse head and shoulder pattern. After this breakout it corrected till breakout level and again bounce back and continue its rally towards the projected target. Expected we will get 730+ target in TATASTEEL in the upcoming trading session.
Stock looks strong above current levels and can head higher towards 1720/1750/1770 in coming trading sessions as long as 1640 is not breached on a closing basis.
All ideas shared are for educational purposes.
Tata power respected the price action nicely. Crossed our second target, pulled back to the first one and again moved up. Third target would be the next resistance corresponding to the height of the head of pattern. Let’s see. Previous chart in the link below.
BSE Ltd. had an inverse head and shoulder breakout and then is re-testing the breakout levels. As long as it holds Rs.590 (also our Stop Loss) it should be poised for gains. Keep first target at Rs.880 for this one. The chart looks really good and I do not see a reason for it to correct even on fundamental basis.
Inverse Head And Shoulders :--
The price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
Buy - Above 730
Stock after a swift up-move has been consolidating for the last few trading sessions and has also attempted to breach 2770 levels multiple times but failed to sustain above it. It has also formed multiple price patterns which indicate a possible breakout.
A decisive break above 2770 can take the stock higher towards 2850/2900/2950 as long as 2710 is...
The stock facing resistance near a trendline and looking good above TL buy only above 535
Also it forming inv H&S pattern right shoulder to small
Looking very strong above 535 level
For EDUCATIONAL Purpose