Inverse Head and Shoulders
GODREJ PROPERTIES: Getting ready for a big breakoutGodrej Properties is on its way to make an Inverted Head and shoulder Pattern.
right now the price is trading 6-7% below neckline resistance. We may see it at the neckline very soon.
If the price gives a breakout of the neckline then we will see a big move from Godrej Properties in the coming days.
InterglobeAviation : potential breakout #interglobeaviation potential breakout
pre pandemic resistance hit .watch out for a potential breakout.
also looks like an inverse head and shoulder pattern on weekly though not perfect looking.
bullish momentum and trend seen on all timeframes. Could plan long
if a green close appear above resistance with stop loss below it.
INVERSE HEAD & SHOULDER (ATGL)ATGL Positional View. Good to go long
REASONS TO TRADE:
INVERSE HEAD & SHOULDER
CROSSING MA 44
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Disclaimer
I am not Sebi registered analyst
My studies are Educational purpose only
Please consult with your financial advisor before trading or investing
ABOUT THIS PATTERN:
An inverse head and shoulders pattern is comprised of three component parts: After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price falls again to form a second trough substantially below the initial low and rises yet again.
QUICK AND DILIGENT ANALYSIS ON BERGER PAINTS !!!Notable points:
1.Stock is taking support at major weekly trendline support area, also same zone is a previous resistance which turned into support now.
2.The stock is at 50% fibo support and seeing some buying interest with formation long lower wick candle at the support.
3.The stock is almost bottomed out in RSI , thus can expect a bounce from this area.
4.The stock was in a decent uptrend and did a long consolidation therefore probability of bounce from major weekly trendline support is high.
Short Term View : Bullish
Timeframe used : Daily
Target : 830-870
Takeaway : Can enter at or near by the current trendline support.
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 AND EFFECTIVE TRADE SETUP ON VARUN BEVERAGESFew pointers about my analysis of VARUN BEVERAGES :
1.The stock has been in a continuous uptrend with lots of bullish continuation patterns ,which is good for healthy upward trend, higher the no. of valid patterns better it is.
2.The stock just broke out of an ascending triangle pattern , which is again is a continuation pattern.
3.Volume spurt : breakout supported by decent volumes, supporting bullishness.
4.RSI breakout on daily chart and trading above 60.
Short term view : Bullish
Timeframe used : Daily
Target : Use trailing SL or 50day MA
Take away: entry has not yet been triggered , ideally one should wait for retest to enter.
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.
INVERTED HEAD & SHOLDER PATTERN 23.08.2021BUY : 113 TO 120
TARGET : 150
Reason For Buying This Script :
In this script it is forming INVERTED HEAD & SHOULDER in monthly time frame. Now the price is coming to right shoulder, So try to accumulate in lower level.
Once the price close above the neck line in monthly time frame & the next target up to 176.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
Inverse head and shoulder breakout in LTWeekly breakout on the stock LT. A common chart pattern inverse head and shoulder. This can be a long opportunity with a stop loss of around 2-3 percent and a target of more than 200 points (13%)
Kindly note that this is not a recommendation and only an analysis. You should consult your financial advisor before taking the trade.
Investment Idea || Larsen & Toubro LtdWeekly Investment Idea | Large Cap Stock | Larsen & Toubro Ltd #LT
1) Good weekly close.
2) Inverted Head & Shoulder Breakout.
3) No near term resistance. ATH.
Free Tip #Calculation of Target in INHS type of breakouts:
Target = R1 + (R1-S1) = 1600 + (1600-765) = 2435.
Note: Above values are approx. values. Please refer chart.