Bank-nifty Inverse H&S pattern. It may test 55055 soon...Inverse H&S pattern with neckline 53800, Any dip would be buying opportunity for target 55055.
Inverse Head and Shoulders
Chola Fin co., Looking good ; min 20% Roi ; swingFor short term investment ;
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Wait for small retracement & daily candle to close above - "1260".
Trade carefully untill ENTRY level.
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Entry: 1260
Target: 1430-1560
sl: 1199
major stoploss/ support: 1190
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Enter only if market Breaks
"Yellow box" mentioned.
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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.
US10Yrs. Bond Yield parallel channel. Nifty up move confirmationUS Government 10Yrs. Bond Yield trading in parallel channel. After fake break out it come down in channel again. As per chart it may correct up to 4%,3.79% and 3.06% level soon.
It has inverse relation with index, so nifty and bank nifty may give good up move in next 2-3 months as both charts suggested also the same.
OFSS watch for a breakout of Base.Good pattern.
-Trying to break out of the box.
-Inverse H&S on DTF
-Narrow range inside candles on DTF.
-Dry volume
Breakout traders wait for a breakout of the base. Positional traders can look for building positions given in the chart.
The view and chart are shared just for educational purposes. Please do your research before investing.
Affle Broke out of consolidation!Affle broke out of a long consolidation.
-Good pattern
-Good Volume
Looks good from CMP, or wait for a retest of breakout level.
CMP: 1469
DCAL forming inverse H&S. Keep on the Radar.
-Good Volume today.
-Forming inverse H&S pattern.
-Dry volume when pulling back.
Watch for a breakout above 214. SL is very deep for positional players. Position size accordingly.
Aggressive players can try placing SL below today's candle (196-day closing basis).
The market is on a downtrend. The chances of fake breakouts are very high. Please do your due diligence. This is not a buy/sell recommendation.
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
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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
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Breakout Chart
Positional Chart
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.
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
Shriram finance Price Action.Shriram finance is form inverse Head & shoulder pattern. It can long from here if come near 1650 add more. Target would be 2700.
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
HDFC Bank On the verge of Breakouthello Everyone HDFC bank about near lifetime high and resistance of trendline good Inverse head and shoulder pattern in making price is above 50 EMA RSI showing strength supported by volume.
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.
BALKRISIND looks good for a swing tradeBalkrishna Industries (BALKRISIND) has shown a strong uptrend in the major trend and has recently formed an inverse head and shoulders pattern during the pullback phase of this uptrend. The neckline of this inverse head and shoulders pattern has been broken, and the stock has also taken support at this neckline, further reinforcing the pattern. These factors together indicate a high potential for an upward move in the near future, suggesting that BALKRISIND could see significant upside.
Adani Ports Inverse Head and shouldersinverse head and shoulders pattern confirmed in Adani ports.
same range can be acheived soon.
Descending channel Breakout reversal strategyLINDE INDIA
1. Descending channel Breakout reversal strategy
2. Inv Head and Shoulder Pattern
3. Close within 52W high zone (-12.6%)
3. Close above the previous day's high
4. Close above last week high
5. Close above last month high
6. High increase in 1 month (+18.8%)
7. High increase in 6 months (+33%)
8. High increase in 12 months (+47.9%)
7. Promoter holding 75 %
8. Pledged percentage 0 %
9. Change in Prom Hold 0 %
10. FII holding 3.03 %
11. Chg in FII Hold +0.72 %
12. DII holding 6.84 %
13. Chg in DII Hold -0.61 %
14. Stock PE 168
15. Industry PE 39.9
16. ROCE 17.4 %
17. ROE 12.9 %
For Educational Purpose Only
HDFC BANK ( Looking goog to invest); small stoploss is enough;For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "1650".
Trade carefully untill ENTRY level.
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Entry: 1655 / 1640
target: 1675- 1700- 1750
sl: 1640 / 1630
major stoploss/ support: 1600
.
.
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.
TATATECH - Inverse H&S Pattern BreakoutTATATECH - Inverse H&S Pattern Breakout
The chart displays a classic Inverse Head and Shoulders pattern, which is often viewed as a signal of a potential upward trend reversal. This means that after a period of price decline, the stock might be gearing up for a move higher.
The left shoulder, head, and right shoulder are clearly visible, and the price appears to be moving above the neckline, indicating the possibility of a breakout.
Volume Increase:
There's a noticeable rise in trading volume on the right side of the chart, which signals growing interest. A strong volume during a breakout is usually a good sign that the price move has solid backing and could be sustained.
Breakout Momentum:
The stock has already started to break above the neckline, with prices moving upward, suggesting that the momentum is in favor of further gains.
Short-Term Trading Levels:
Here’s how you could approach this setup, considering entry, profit targets, and stop-loss points.
Entry Point:
Since the stock has already broken out from the neckline, it might be a good idea to enter near the current price of around ₹1,114, assuming the breakout continues.
Target Levels:
First Target (T1): ₹1,180 – This is the first potential resistance level where the price might encounter selling pressure, based on previous price behavior.
Second Target (T2): ₹1,224 – The second level to aim for, where the price has previously stabilized or paused.
Third Target (T3): ₹1,270 - ₹1,280 – The final short-term target, close to previous highs on the chart.
Stop-Loss:
To limit potential losses, a stop-loss can be set just under the neckline, around ₹1,060. This level gives some buffer for price fluctuations while protecting from a failed breakout.
Summary:
Entry Point: Around ₹1,114
Targets: ₹1,180, ₹1,224, ₹1,270-₹1,280
Stop-Loss: ₹1,060
Keep an eye on volume and price movement. If the volume stays strong, the breakout is more likely to continue, increasing the chances of hitting the target levels. However, if the price drops back below the neckline, the breakout could be false, and the setup may become invalid.
CAMPUS READY FOR HUGE BREAKOUT SOON ??CAMPUS (Campus Activewear Ltd)
LTP 323
Buy On Dips Till 230
For Positional Targets🎯 350 / 375 / 405++
Longterm Targets🎯 444 / 501 / 553 / 600+++
Weekly Closing Basis Stoploss 210
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Harm⭕️nics4Life
15/09/2024
Ethereum Breakout? Inverse Head & Shoulders Pattern Ethereum has formed an inverse head and shoulders pattern on the 4-hour time frame, which is typically a bullish reversal signal.
For confirmation, ETH needs to break above the $2,450 resistance level.
Once this breakout is confirmed, the price could target the $2,800 level, indicating a potential upward move.
Keep an eye on volume during the breakout for further confirmation of a strong rally.
MOL reedy to shoot u; Min 40% roi; short term; investmentFundamentally good stock,
Good For short term investment in cash market'.
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Entry: 107 / 95
target: 113- 120- 130 - 150
sl: 95
major stoploss / support: 90
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.Try wait for Weekly candle close.
If you are intrested to invest now " go for it with proper SL"
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Enter only after breaking & close above " Yellow box" mentioned.
'
'
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer old ideas attached below
TechM looks like Head and shoulder in formation!This chart presents a classic Head and Shoulders scenario, which traders should watch closely for confirmation. If the right shoulder forms and the price breaks below the neckline, it could signal the start of a bearish trend, providing an opportunity for short sellers. On the other hand, if the price breaks out above the current resistance, the bullish trend could continue.
In essence, traders should be prepared for both outcomes by monitoring price action around the neckline and key resistance levels while also factoring in volume and other indicators to confirm the pattern's validity.
MRS BECTOR FOODMrs. Bectors Food Specialities Ltd was incorporated as Quaker Cremica Foods Private Limited on September 15, 1995. It manufactures biscuits and bakery products that are marketed under Mrs. Bector’s Cremica and Mrs. Bector’s English Oven brands, respectively
Annual Revenue rose 19.56%, in the last year to ₹1,642.95 Cr. Its sector's average revenue growth for the last fiscal year was 3.7%.
Quarterly Revenue rose 17.43% YoY to ₹413.02 Cr. Its sector's average revenue growth YoY for the quarter was 3.85%.
Annual Net Profit rose 55.83% in the last year to ₹140.36 Cr. Its sector's average net profit growth for the last fiscal year was 13.57%.
Quarterly Net profit rose 21.56% YoY to ₹33.62 Cr. Its sector's average net profit growth YoY for the quarter was 5.99%.
Stock Price rose 61.86% and outperformed its sector by 50.39% in the past year.
PE Ratio is 53, lower than its sector PE ratio of 57.49.
Debt to Equity Ratio of 0.34 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
Return on Equity for the last financial year was 21.17%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit.
Mutual Fund Holding increased by 3.24% in the last quarter to 20.42.
Promoter Share Holding increased by 0.01% in the most recent quarter to 51.18%.
Interest Coverage Ratio is 22.08, higher than 1.5. This means that it is able to meet its interest payments comfortably with its EBIT.
Promoter Pledges are zero.
