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Inverse Head and Shoulders

'ELECON' ready to switch 'ON' 💡💡 !!!!On daily basis, 'Elecon' has given a breakout from an inverted head and shoulder pattern which was under construction since November with buzzing volumes. On weekly basis, a breakout of cup and handle pattern is visible with rising RSI also RSI has breached above 60 which is a positive sign. On monthly basis, a breakout of 'N' pattern is visible which signifies the strength i.e. after retracement it is still giving a breakout. Here, RSI took support at 60 and witnessed the breakout. NOTE:- the only sign of caution is that spinning top is visible and RSI has reached resistance level on daily charts, also dividend is pending, so there is a chance of retracement on daily basis hence, try to accumulate near breakout level.
ELong
by Chaser30
Bank Nifty Technical Analysis Hello Guys , Today I Have The Technical Chart of Banknifty it has breaked the Inverse head and shoulders a few days ago but now I think it can go to the Targets shown as it has Breaked here and ready for go on a Bull Trend and now lets talk about the targets . So its target 1 could be 36218 and target 2 could be 37837 , It can reach target 2 is not vey much confirm but taget 1 can be . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye . Time Frame :- 1 Hour Patterns Name :- Inverse Head and Shoulders Symbol Name :- Banknifty Based on Your Own Risk this is only to Show you the Current Pattern . We are not responsible for any profit or loss .
NSE:BANKNIFTYLong
by MAYANKTECHRESEARCHING
1
ABFRL Technical AnalysisHello Guys , Today I Have The Technical Chart of ABFTL it has made the Inverse head and shoulders a few days ago but now I think it can go to the Targets shown as it has came to the Neckline to Break and go on a Bull Trend and now lets talk about the target . So its target could be 273 . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye . Time Frame :- 15 min Patterns Name :- Inverse Head and Shoulders Symbol Name :- ABFRL ( Aditya Birla Fashion and Retail Limited ) Based on Your Own Risk this is only to Show you the Current Pattern . We are not responsible for any profit or loss .
NSE:ABFRLLong
by MAYANKTECHRESEARCHING
Coal India Technical AnalysisHello Guys , Today I Have The Technical Chart of Coal India it has made the Inverse head and shoulders a few days ago but now I think it can go to the Targets shown as it has came to the Neckline to Break and go on a Bull Trend and now lets talk about the target . So its target could be 211 . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye . Time Frame :- 1 Hour Patterns Name :- Inverse Head and Shoulders Symbol Name :- Coal India Based on Your Own Risk this is only to Show you the Current Pattern . We are not responsible for any profit or loss .
NSE:COALINDIA
by MAYANKTECHRESEARCHING