Jkpaper given inverse head and shoulder breakout in weekly chart..
stocks look bullish and looks good for accumulation for long term perspective for targets of 400++
views are educational
HAL 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...
Nifty form inverse H&S pattern on weekly chart . Nifty may test 17770 and 17950-18010 soon.
Note:- Nifty major support 17333 and 17000, Note:- If nifty come near 17335-360 spot levels on any day can long for target 17770 and 18018+ soon with stop loss 17000 on closing basis.
Vidhi a trending stock which was was under consolidation in recent
times has given a breakout from inverted head and shoulder pattern
with strong volumes.
Both RSI and MACD is showing strength.
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.
SAPPHIRE has formed an Inverse Head & Shoulder pattern after a downtrend. Broke the neckline and retested the same. Now it looks like stock is ready to move up again. Intraday traders can keep this stock in watchlist and swing traders can take delivery if it breaks 1340.
after 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.
nifty has formed inverse head and shoulder in 15 mins, expecting to be bullish
expecting gap up tomorrow using elliot wave and inverse head and shoulder...
it is just my view. EDUCATIONAL PURPOSE
SOL formed a Inverse H & S bottom pattern. and expecting it to reach at least 100. It got rejected from the trend line resistance area and at came down to support level at 89-88.
OBV gives more confidence in the Inverse H & S pattern.
INVERTED HEAD AND SHOULDER BREAKOUT EXPECTED.
TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
