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Inverse Head and Shoulders

SUPREME INDUSTRIES LTD - Inverse Head & Shoulder + Cup & Handle 📊 Script: SUPREMEIND (SUPREME INDUSTRIES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP 📊 Sector: Industrials Capital Goods 📊 Industry: Plastic Products - Industrial Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages also giving crossover. 📈 Volume is increasing along with price which is volume breakout. 📈 Script is giving breakout of Inverse Head & Shoulder + Cup & Handle + trendline. 📈 Current RSI is around 68. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 2263 🟢 Target 🎯🏆 - 2474 ⚠️ Stoploss ☠️🚫 - 2131 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:SUPREMEINDLong
by radha_23
Affordable Gold during Festive SeasonThangamayil Jewellery Ltd Gold Chart is looking weak as attached below and I'm assuming that Gold would get even cheaper in days to come. Hence, I believe with this festive season being majorly Covid free, people may want to celebrate extravagantly after the low key past couple of years. The only drawback here is that Pledged percentage is 14.8 % Promoter holding 66.7 % Market Cap 1,810 Cr. Stock P/E 27.8 Industry P/E 37.1 Dividend Yield 0.76 % ROCE 11.5 % Face Value 10 Debt to equity 1
NSE:THANGAMAYLLong
by CannySunny
Godrej Properties: Elliott Wave View (Update)Godrej Properties has shown good strength for its upside. It has also formed an interesting structure at the bottom which is called inverse head and shoulder. The breakout of the neckline may further accelerate the move towards our fist target of 1494 and breaking that will achieve our ultimate target of 1553 of our internal wave 3. Staying with the stock may generated good returns in short term. Wave counts internal waves for other wave count you can visit the last analysis of the Godrej properties, Thank you.
NSE:GODREJPROPLong
by imkhushal
2
btc inverse head and shoulders so yesterday morning i marked this symetrical triangle out traded a long as it was forming the head (which i didnt know at that time) knowing that this triangle would break to the up well have a better chance to break to the up rather then the down woke up this morning its smashed through the triangle giving a 3% gain/rise retraced back down to make a hl and use the traingle upper level as support at the same time made an inverse head and shoulders so if we play out the way that these patterns normally play a long would be good to around the 21200k mark thanks guys scopes like and share
Long
by scoperfi
Inverse Head and Shoulder pattern in Natural gas -1hr time frameNatural gas is given the Inverse Head and Shoulder pattern. Price broke out from the neck line and has retraced. This pattern will become more sustainable and powerful if we see another rally on the upside thereby confirming the greater chances of successful completion of the pattern. Fundamentally, natural gas prices are bound to go up given the shortage of it in European Markets arising due to bottlenecks in production and supply of it from Russia. Hence, this could be a great opportunity to go long once the upside is confirmed. Note: If prices go below the right shoulder before it goes up, this pattern can be ignored.
MCX:NATURALGAS1!Long
by Mayank-Pandey
JASH: Inverse H&S Continuation Inverse Head and Shoulders Continuation: This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head. The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above. The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline. TRADING STRATEGY: Buy on cmp add on dips & look for the target of 945 and above in the coming weeks. Maintain SL of 665
NSE:JASHLong
by TradingSutra
Happiest Minds : Inverse H&S BreakoutInverse Head and Shoulders This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head. The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above. The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline. TRADING STRATEGY: Buy on cmp add on dips & look for the target of 1300 and above in the coming weeks. Maintain SL of 935
NSE:HAPPSTMNDSLong
by TradingSutra
ANGEL ONE - Trend Analysis - Swing TradingANGEL ONE - Trend Analysis - Swing Trading 1. Forming Inverted head and shoulder patterns in the weekly timeframe. 2. First target will be 1450, it may hit in a week span... This should be a very quick swing trading... more than 10% return in a week... 3. If it crosses 1450 then it will complete the inverted head and shoulder patterns, the target will be 1800 to 1820... It may take several weeks. 4. If it crosses the all-time high of 2020 then the target will be more than 2500+.... this may take several months and there should be a lot of retracements. 5. All provided the Nifty smallcap will be on a positive trend... Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:ANGELONELong
by ravi15684
Multiple Reversal patterns in Nifty IT !!!As visible on charts CNXIT has given a breakout from multiple reversal patterns which are Island Reversal, Double Bottom, Inverse Head & Shoulder. CNXIT has formed double bottom around 26450 along with RSI divergence and finally given its breakout at 28600. The index fell with a gap and also reversed with a gap hence, leaving behind an island and showing an island reversal pattern. Along, with above two patterns, inverse head & shoulder are also visible which further conforms to a reversal in the IT sector.
NSE:CNXITLong
by Chaser30
10