HAL ready to BlastHAL after forming IH&S is now trying to give breakout above levels marked on the chart with great volumes. Post this breakout this can be good swing trade for short/medium term.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Inverse Head and Shoulders
HAL driving his own jet 'and ready to fire up' 🚀🚀!!!!HAL had given a breakout from a inverted head and shoulder pattern which
is extremely bullish pattern.
Also, positive MACD crossover is visible and RSI breaching above 60 again a
positive sign.
Volume is also supporting the up move.
Pattern target of 1650 could be seen.
HDFC long formation happening HDFC LTD forming classic inverse head and shoulder pattern. Buy above 2430 range for 2700 and above levels.
Inverted HnS Pattern Bullish Signafter 30% fall from top, it is forming a bullish pattern
So we can trade HDFC long side point of view.
there is also 200 EMA resistance so if closing above 200 EMA then initiate a trade with small quantity
Later on retest or pull back add more as per your risk appetite.
Indusind Bank Long SetupBounced back from strong support levels. Made Inverse Head and Shoulder (reversal) Pattern near support. Breakout with good volumes. Retest done. Taking support from 50 day moving average. May touch 200 &100 SMA around 1000. Looks good for a short term swing trade. Any strong close above 200 SMA may lead towards 1100 levels. An your trade accordingly.
BOB Positional Long, target 160+ Position Long above 110
• Stock has made new yearly high
• Stock is in formation of Inverse Head and Shoulder pattern on weekly chart and has breached above 110
If stock manages to close above 110 on weekly basis, one can initiate long strictly above 110 levels for the target of 160+ levels with stop of 87 on closing basis.
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Disclaimer :
-Please conduct your thorough research/analysis before doing the trade
-Idea shared is only for educational purpose
-Please trade on your own risk
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Breakout in BioconBiocon has given breakout of Inverted head and shoulder pattern. VWMACD is also indicating starting of upmove. Immediate resistance trend line is placed at about 395, once it close above it , it can give good upmove. Rest is detailed at chart
Disclaimer : This is for education purpose only.