Inverse Head and Shoulders
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON HINDPETRO.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
Levels for - 04 Oct 2021EXPLANATION: This is a 15 min time frame chart of ULTRACEMCO . The stock has been in a downtrend for days and has formed an Inverted head and shoulders pattern. If stock give a strong breakout and broke its supply zone with volumes and has retested the same. I am bullish on ULTRACEMCO .
If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON ABFRL.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON PFCIn this self explanatory series i will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading
Simple Trade Setup | 27-09-2021 | GRASIM [Intraday & positional]NSE:GRASIM
Observations:
1) One 1 hr time frame,It made inverse head and shoulder pattern and given breakout of it on 24-09-2021. And it closed above the neckline of it.
Please refer below chart : 1 hr time frame.
-------------------------------------
For Positional Trade for short-mid term target on long side will be 1700- 1720 - 1750. SL will be 1580.
Major resistant at 1660 level.
-------------------------------------
Trade Setup for Date 27-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
RCF + Madras FertilizerIn both the charts a breakout is being awaited from the min triangle pattern as well as the the long descending trend line.
In both the charts the targets for the inverted Head and Shoulder pattern are still in progress to be achieved.
In both the charts, the breakout will also be a breakout from a Darvas Box.
#indianhotels multiple pattern breakout weekly#indianhotels multiple pattern breakout
inverse HNS pattern breakout on weekly
previous resistance zone broken out on weekly
ascending triangle pattern breakout on weekly
momentum and trend indicators show bullishness all timeframes short medium long
breakout candle low can be stop loss and entry on retracement ideal as candle is big.
#AXIS bank .potential breakout candidate on watchlistAXIS bank shows a potential breakout from a previous 2 year old resistance zone. Looks like it is forming
inverse Head and should pattern on weekly timeframes with neckline same as the resistance zone with potential to break out upside
If it worked out.Momentum and Trend indicators are showing bullishness on all timeframes now.Enter only on confirmation
of breakout with a green candle close above and tight stop loss below entry candle.
Mastek - Inverse Head and ShouldersInverse H&S pattern at hourly timeframe.
Although it is comping from uptrend where the inverse H&S may not be more significant compared to that coming from downtrend, once can go long.
Also, ascending triangle breakout can be spotted.
Tight stop loss can be below the swing low.
Only for educational purpose. Trade at your own risk.
HINDPETRO gonna skyrocket from current levels?HINDPETRO has been forming an Inverted Head and Shoulder pattern for the last few weeks. If it closes above 280 levels, it might rally till 300-310 levels. So keep an eye on this for a breakout.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
Inverse Head & Shoulder - Right Shoulder on the WayPositional & Investment Pick !!
Please also go through my post dated 29th May related to Dr. Reddy, the link has been attached herewith. It was clearly suggested that there may be correction towards 4400 levels. It took time but eventually it did correct.
4400 levels almost was tested and it bounced back from support around 4440 levels. Expecting Right Shoulder to complete now.
Keep Accumulating for targets suggested on charts.
Levels for - 09 Sep 2021EXPLANATION : This is a 15 Min time frame chart of NIFTY , It has formed a Double Bottom Pattern , W pattern . If gave a strong breakout and broke its supply level with volumes and retest the same , I am bullish on NIFTY . If gave a Rejection from supply level its kind of a Right hand shoulder of Inverted head and shoulder pattern .
AXISBANK: Inverse head and shoulder, and Triangle breakout.I found this stock a week ago. I found a good Inverse head & shoulder and triangle breakout in the Axis Bank stock. Actually, the risk-reward ratio is very good in this stock. So, I took entry in this stock. I found that two patterns in the daily timeframe. So, you guys can also check it. Thank you!