HDFC: WaveTalks- Pattern / Patience & Penultimate Correction
WaveCount
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• 1-2 -3 -4 (Running Currently) - 5th Wave Expected Upside.
• 4th Wave
o Unfolding as Triangle having last leg - "e" wave close to end.
o 4th Wave Triangles are "penultimate wave" means it is 2nd last wave & one more wave left in the structure which started from the lows of 1473 on 23rd / 25th March2020.
• 5th Wave - Expected Next
o 5th Wave can be explosive upside & can travel upside to 2900+ high in days & weeks ahead
Traditional Chart Patterns
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• Cup & Handle Pattern
o Valid Cup & Handle Pattern always has prior trend as uptrend. In current case it is tilted cup with handle which is valid pattern as prior wave ("b-wave) was uptrend from low@2365 to high@2896
o Bias - Positive
• Inverse Head & Shoulder Pattern
o This pattern has no such requirement like cup & handle pattern but prior trend if downtrend is always preferred as after consolidation it most likely has to reverse & move upside again once neckline is crossed.
o Bias - Positive
Moving Average
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o 200 DEMA ( Daily Exponential Moving Average) has been taken into consideration which seems to be quiet in sync with the stock move as supported multiple times post completing "wave-1" which got resistance exactly at 1921.90 ( approx.- 1922)
o 1st support after completing Wave-1 was at 1907 which was exactly 200 DEMA support .
o Taking support from 1907- stock travelled explosive upside in "Wave -3" which got completed at high@2777
o Wave- 4 unfolded as Triangle which is almost completed or about to complete with "e-wave" the final leg in the triangle.
o "c-wave" in the triangle took support at 2354 which is again 200 DEMA support
o "e-wave" in the triangle also close to 200 DEMA support.
o Bias - Positive
Stop Loss
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• Stop loss should be below "c-wave" 2354 plus few points lower which can be taken as 2345 (10 points lower) or as per trader's judgement
Target
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• First Target - 2650 which is "d-wave" of the triangle wave
• Second / Final Target - 2900+
Risk to Reward
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• Excellent risk reward of 3-4 times
Conclusion
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• Stock has bullish bias holding above 2345 key & critical level which is close to 200 DEMA support & can be expected to move in the explosive 5th Wave to the targets of 2650 & 2900+ in days & weeks ahead.
• We also conclude that stock market can see fireworks generally if Nifty holds above 15450 –key & critical level. Nifty Expected move can be for 1st Target -15900 / 2nd Target – 16350 / 3rd Target – 16750
Thanks & Have a nice week ahead.
Inverse Head and Shoulders
MAZAGON DOCK SHIPBUILD - InterestingThe stock is moving within a large Parallel Channel almost ready to break above.
Currently a flag formation and inside that a double bottom as well as an Inv Head and Shoulder has been spotted making it even more potent for a breakout.
The volumes show a good accumulation and the MACD would turn positive from very healthy levels with price on the way up giving room for a larger up move.
Do have a look at the Related ideas.
inverted H/S pattern in BATAINDIANSE:BATAINDIA
BATAINDIA formed like a inverted head and shoulder pattern which is bullish once its close above the neck line (red zone) 2118 levels may see in mid term wait for the close in weekly time frame and retest to entry keep eye on this mwpl contract also countinuously decreasing indicates highly parctipated in F&O
Easy 10-15% Target is waiting for you.Cummins India
I think we have discussed same chart earlier too
But now finally start after too much consolidation
On longer Time frame(Weekly, Monthly) you will see some kind of Trendline Breakout and Retested And in shorter Time frame Inverse Head and Shoulder Pattern
Whatever it is you just buy above 915
With Sl 820
Tgt 950 1000 1050++
Breakout in Burger King, Heading with Inverse Head and shoulder Inverse Head and Shoulder, Burger King Ready for a Bull Run.
10 day Moving Average crosses 20 and 50 day moving averages. = Bullish Trend
Fundamentals of Burger King = 4.5 star
very good company with increasing sales.
> newly listed company in NSE.
> Leader of Burger restaurants
> Good Chart Pattern in Burger King
MGL - 1D TF - Inverse Head & ShouldersInverse Head & Shoulders pattern forming on Daily Chart of MGL. BUY 1100, SL 979.9, Target (s) - 1150, 1170, 1195, 1215, 1230. Head-Neckline = 320.5. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
QUESS Corp looking good QUESS has given IVHS breakout in daily chart and has also given a good monthly closing as well. Once it had failed to sustain the breakout but last week closing was a successful one. Today it has also broken its previous swing high of 888 and hence it is looking quite bullish.
One might go long with a SL of 850 and targets of 925,960 & 1000++.
Analysis is just for educational purposes and idea is based on my analysis.
Minimum Doubler??L&T after consolidating for nearly two years has given inverse head and shoulders pattern and breakout can lead to target of 2200 within a year and also the IT subsidiaries are outperforming the market.
SL: 1400 wcb!
Multi Year Breakout - Inverse Head & Shoulder BreakoutPositional & Investment Pick!!
First Base Formation is complete and the stock is ready for bull run. Keep Accumulating with Long Term View
Lovable Lingerie Inverse Head and ShouldersPositional Trade: #LovableLingerie
CMP: 127
Target: 145/155
Stop Loss: 115
Prakash Industries Inverse Head and Shoulders Positional Trade: #PrakashIndustries
CMP: 87
Target: 102/103
Stop loss: 77
Buy WhirlpoolBuy Whirlpool Stoploss 2120 Target 2600
Study: Demand and Supply Structure + Inverse Head & Shoulder Breakout & Retest Structure
BORORENEW convection fundamentally good available at BO levels NSE:BORORENEW at demand zone with results lined up next week it is a good script to look after if you trade with technical
Inverse Head and shoulder pattern formed!
Good accumulation at recent levels !!
1INCH/USDT CHART BREAKOUT COMING 🤔 !!Hello guys in this chart it is forming inverse head & shoulder pattern, if this pattern breakout than we can see good pump in !inch. But for pump it need to break neckline ($2.1465) and if this neckline breaks tan we can see up to $2.64. So guys just wait for breakout.......
Buy Bank NiftyBuy Bank Nifty Stoploss 34500 Target 36600
Inverse Head & Shoulder Pattern Breakout and Retest
Buy GMM PfaudlerBuy GMM Pfaudler Stoploss 4600 Target 4860 and more
Study: Inverse Head & Shoulder Pattern. Breakout + Retest Structure
mounthly breakout about to happen 12 years channel about to breakout along with inverted head and shoulder gives more attention to bullish
dyor
take trade only close above the channel
happy trading
LT - Inverted Head and Shoulders Pattern NSE:LT
LT - Inverted Head and Shoulders Pattern / Daily TF / Breakout and retracement done / Good to go LONG
Daily TF analysis of LTAs explained, the level of 1600 is a crucial resistance for the stock on daily as well as weekly time frames.
LT is a good stock to keep in your portfolio for long term, too.
Just for educational purpose.
Inverted Head & Shoulder | VESUVIUS INDIA ⚙️VESUVIUS Weekly: Looks good for more upside above neckline on closing basis.
1) Inverted H&S
2) Volume Buildup
3) Manufacturer of specialized ceramics
Buy Hdfc Life Insurance --Long Term Investment IdeaIt is a Weekly Timeframe Analysis for long Term Purpose.
Buy Hdfc Life near 625-650 Stoploss 540 Target 960
Pattern : Inverse Head & Shoulder Pattern. Retest area 625-650 Zone
Target is calculated on the basis of Pattern Structure i.e. Low of Head to Breakout Point
