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Inverse Head and Shoulders

Dual breakout in Banknifty !!!!As, chart says banknifty have given breakout above 200DEMA where, it has faced resistance 3 times earlier. RSI above 60 indicating strength in breakout and confirms it's reliability. Also, breakout from inverted head & shoulder pattern is visible. Minimum target of this pattern comes to 36150 but it can move above this also. I'll try to publish an elaborate idea on banknifty as it's PE stands on 17.71 below 1,3,5yrs average and has strong buying interest at 15.54.
NSE:BANKNIFTY1!Long
by Chaser30
2
NIFTY UPCOMING JOURNEY PREDICTION 20-07-22DRAWINGS IN THE CHART Showing NIFTY CURRENT PICTURE, the Head and Shoulder Pattern. NIFTY BIG PICTURE drawing is not shown, but dates are mentioned, so you can visualise or draw on your charts as per the dates and levels mentioned. NIFTY BIG PICTURE Since 05.05.2022, Nifty is in the process of forming Inverted Head and Shoulder pattern in the hourly chart. From 05.05.2022 to 03-06-2022, formation of Left Shoulder with its peak placed at 15750. Its Neckline has been placed at 16800. This level has acted as a support for Nifty in the past. The current uptrend in Nifty (from 17.06.2022) may push it to 16800, which will complete the Head of the pattern, its Head being placed at 15200. NIFTY CURRENT PICTURE Again, price action suggests that Nifty might be in the process of making a Head & Shoulder pattern from 20.07.2022. Currently it is forming the Left Shoulder with its peak placed at 16588. Its Neckline might be at 16400. This level has acted as a crucial support for Nifty in the past, thus this level being a natural choice for the Neckline. After touching 16400(Neckline), Nifty might continue its upward journey upto 16800. This will form the peak of the Head of the pattern, and complete the Head of Inverted H&S pattern. Again, keeping the big picture of Nifty in mind(i.e. Inverted Head & Shoulder pattern), after touching 16800, Nifty may retrace back to the levels of 15900 to 16000. There is a high possibility that the price of Nifty might reverse from here. This level may indicate the peak of the Right Shoulder, again, if and only if, the big picture of Nifty is bullish. If not, then price might go down from here. N.B: 15750 will act as the last defence for the upward journey of Nifty if it breaks 15900, failing which the larger trend of Nifty will become bearish. In either case, Nifty might go down from 16800. Investment Strategy Long: 16400-16800 Short: 16800-16000 Option type: Monthly Option Call & Put. Happy Trading. We are not responsible for any profit or loss Based on Your Own Risk this is only to Show you the Current Pattern
NSE:NIFTYLong
by kuntaldewan23
1
Maruti The Reason of going up NSE: MARUTI Time Frame :- 1 Month Patterns Name :- Inverse Head and Shoulders Conclusion :- A Inverse Head and Shoulders pattern which is a Bullish Pattern and a signal before the Uptrend which most probably shows up a down trend . We are not responsible for any profit or loss Based on Your Own Risk this is only to Show you the Current Pattern Comment Below If You want to ask me questions on this on any other idea BTW Like and Follow if you like this awesome content Made By MAYANKTECHRESEARCHING
NSE:MARUTILong
by UKnowN_ThE
Maruti but there is a double game NSE: MARUTI If Breaks Then The Targets could be Taken at 8973 Time Frame :- 1 Day Patterns Name :- Inverse Head and shoulder We are not responsible for any profit or loss Based on Your Own Risk this is only to Show you the Current Pattern Comment Below If You want to ask me questions on this on any other idea BTW Like and Follow if you like this awesome content Made By MAYANKTECHRESEARCHING if you got the answer then tell me or wait for next idea at maruti
NSE:MARUTILong
by UKnowN_ThE