Buy ITCBuy ITC near 210-215 Stoploss 205 Closing Basis Target above 222
Inverse head & Shoulder Pattern
Inverse Head and Shoulders
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 ..
Aster DM Healthcare Ltd | ASTERDMInverted Head & Shoulder Pattern on Weekly chart.
Breaking out Resistance zone.
Huge volume while crossing the Resistance zone.
Worth keeping an eye for long.
Dabur Forms inverse H&S pattern Dabur Forms inverse H&S pattern it may test 609+ soo can buy 595 and ass more if come 585.
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.
Buy Maruti SuzukiBuy Maruti Stoploss 6930 Target 7920 and 8310
Study: Inverse Head & Shoulder Pattern Breakout and Retest
M&M Inverse H&S Pattern It forms Inverse H&S pattern. can buy 778 if come down 758 add more stop loss748 closing basis target would be 800 and 825
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.
Chart Of The Week !! 15 August 2021 !!Made a inverted head & shoulder chart pattern in Monthly time frame .I am not surprised if price reach to 200 in near future . View invalid if price close below 35.00
TATACONSUMER Inverse Head & Shoulder BO
NSE:TATACONSUM
Stock has given BO from small Inverse H&S pattern.
can initiate Long position if it retrace to BO level with SL below BO candle. that will be good Risk Reward Ratio.
target : 820-840
**EDUCATIONAL PURPOSE
Larsen & Toubro Long idea Larsen & Toubro inverse H&S pattern on weekly chart can buy for target 1818 soon, and 2400 in 3-6 month view.
POWER GRID "INVERTED HEAD AND SHOULDERS" PATTERNNSE:POWERGRID
"POWER GRID" once close above the blue range and neck line of the inverted head and shoulder which indicates bullish can go upto 186 levels 5.30%
dyor
TATA POWER head and shoulderTATA POWER is making a good inverse head and shoulder pattern. It also has given a good closing in 15 min timeframe. So if it continues can give a good intraday target.
Comment down your thoughts.
USD INR : Inverse H&S It form Inverse H&S pattern. it may test 74.74 and 74.90 soon stop loss 74.00
USD INR has inverse relation with Nifty so.......
RUNE/BUSD - Inverse Head & Shoulder Pattern RUNE/BUSD: 1D Time frame, Inverse Head & Shoulder identified, however will only long from above the major resistance (Green line) Follow chart for Target & Stoploss
HESTER BIOSCIENCES - The BeginningA breakout from the Inverted Head and Shoulder pattern and retest.
Fresh Journey starts here as it breaks the downward channel.
Buy CeatBuy Ceat near 1350-1360 Stoploss 1315 Target 1570
Inverse Head & Shoulder Pattern Breakout and Retest Structure
#CUMMINS good momentum breakout candidate#CUMMINS good momentum breakout candidate. all timeframes are bullish. watchout for green close above the possible inverse headandshoulder pattern .here too momentum divergence are concern and therefore keep tight stoploss
Buy Adani EnterprisesBuy Adani Enterprises Stoploss 1375 Target 1525
Inverse Head & Shoulder Breakout
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
----------------------------
• 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
--------------------------
• First Target - 2650 which is "d-wave" of the triangle wave
• Second / Final Target - 2900+
Risk to Reward
----------------------------------
• Excellent risk reward of 3-4 times
Conclusion
-----------------------------
• 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.
