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Inverse Head and Shoulders

TATATECH: Potential Bullish Breakout + Inverse Head & ShoulderBullish Analysis of TATA TECHNOLOGIES LTD Key Observations: 1. Pattern Identified: Inverse Head & Shoulders - The inverse head and shoulders pattern suggests a bullish reversal. 2. Resistance Zone: - The stock is approaching a key resistance zone. - A breakout above this zone could signal a strong upward movement. 3. Target Projections: - If the breakout happens, the first target is set at ₹1,263, followed by ₹1,333. 4. Volume: - Recent volume spikes indicate strong buying interest, supporting the potential breakout. 5. RSI: - Currently at 60.91, it indicates strength, but still below the overbought zone, allowing room for upward movement. Conclusion: - Entry Point: A breakout above ₹1,093 can be a bullish signal. - Targets: ₹1,263, ₹1,333. - Risk: Watch for failure to break the resistance zone, which may signal a short-term pullback. Follow us for STOP-LOSS updates. Note: Always consider risk management and market conditions before making investment decisions.
NSE:TATATECHLong
by Pattern_Ninja
KPIT Tech: Is This High-Conviction Pattern Set to Deliver?This is purely a technical play in NSE:KPITTECH The chart is showing a high-conviction inverse head and shoulders pattern, suggesting a potential bullish reversal. A volume breakout and close on a lower timeframe above 1882 could provide a solid entry point. For this trade one can maintain a strict stop loss of 1790. The targets to aim for are 2054 and 2105, which align with the expected move from this setup . This is a short-term trade idea, but monitor price action and volume for confirmation of the breakout. Additionally, consider any other technical indicators or tools that could further validate this setup. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risks and is not suitable for everyone. Always conduct your own research and consult with a financial advisor before making any investment decisions. The author is not responsible for any losses incurred.
NSE:KPITTECHLong
by sandeshprabhu85
8
BTC SMALL RETRACEMNT BEFORE 69KCRYPTOCAP:BTC Retracement Opportunity: Preparing for a New Surge to 69K. Bitcoin is currently taking a healthy retracement around the $62K level, presenting a potential opportunity to re-enter long positions. The RSI is cooling off after being in the overbought territory, indicating a pause in the momentum. Meanwhile, the EMA crossovers are signaling a bullish continuation, suggesting that BTC is likely to push towards the $69K target in the coming days.Traders should consider holding their positions or using this retracement to dollar-cost average (DCA) into their trades. The market seems to be setting up for a significant upward move, so stay patient and let the strategy play out. Keep an eye on key support levels and manage your risk accordingly.
BITSTAMP:BTCUSDLong
by crypto_vulture_signals
Kokuyo camlin : Breakout Stock#kokuyocmln #breakoutstock #tws #fvg #patterntrading #chartpattern #inverseheadandshoulder Kokuyo Camlin : Swing Trade / Short term(1-3 Months) >> Breakout Stock >> TWS Visible >> Stock Bouncing from FVG Area >> Good Strength & Volumes might Pickup soon >> Low Risk High Reward Trade Swing Traders can lock profit at 10% and keep trailing. Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:KOKUYOCMLNLong
by moneyfesttrading
low risk-high return; min 30% ROI ; swingAdd this to watchlist and wait for entry.👁️‍🗨️ For short term investment ; Leave a " Like If you agree " .👍 . Wait for small retracement & daily candle to close above - "145". Avoid Trade untill ENTRY level. . Entry: 145 target: 168 - 195 sl: 138-128 major stoploss/ support: 960 . . Enter only if market Retrace and Break s "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer over old posted idea attached below.
NSE:LEMONTREELong
by TheNuraTrading
HINDCOMPOS - INVERSE H&S, THEN CONSOLIDATION AND BREAKOUTHi All, This idea is about Hindustan Composites Ltd Certified developer, manufacturer & marketer of Friction Materials in India comprising Brake Lining, Clutch Facing, Disc Brake Pad, Roll Lining, Brake Block, etc. Company is also engaged in the treasury business. Clientele Ashok Leyland, Maharashtra State Road Transport Corporation, Eastern Railway and Southern Railway, etc. HCL is also a Tier 2 supplier of brake lining for Toyota, TATA Technical Price Action formed an inverse Head and Shoulder but after the formation of right shoulder could not break the neckline, instead went into consolidation. Eventually the price broke out of the darvas box ending the consolidation and have reached the initial neckline of Inverse H&S. If neckline is broken, it could lead to a substantial rally Fundamentals Market Cap ₹ 905 Cr. Current Price ₹ 613 High / Low ₹ 650 / 347 Stock P/E 26.3 Book Value ₹ 669 Dividend Yield 0.33 % ROCE 4.46 % ROE 3.60 % Face Value ₹ 5.00 Equity capital ₹ 7.38 Cr. No. Eq. Shares 1.48 EPS ₹ 23.3 Promoter holding 75.0 % Change in Prom Hold 0.00 % Chg in Prom Hold 3Yr 0.00 % Pledged percentage 0.00 % Market Cap to Sales 3.04 Sales growth 5.30 % PEG Ratio 2.10 EVEBITDA 17.3 Quick ratio 1.95 Trade receivables ₹ 37.3 Cr. Sales ₹ 298 Cr. Debt to equity 0.00 Price to book value 0.92 Free Cash Flow ₹ 3.92 Cr. CMP / FCF 91.1 Happy Trading Thanks, Stock-n-Shine
BSE:HINDCOMPOS
by Stock-n-Shine
BASML : Swing Trade#BASML : #SwingTrade >> TWS Recently >> Inverse Head & Shoulder Pattern Visible >> Trending setup >> Good Strength & Volumes Buildup >> Low Risk High Reward Trade Swing Traders Book 10% and keep trailing 🚧 Only for Quick 8-10% , not to Hold Longer 🛑Fundamentally stock is not that Good, Stock Picked Purely on Technical Analysis....so can be a Risky Bet Stock can show Quick 8-10-15% ka quick momentum then fall back See Upside Potential is 18% so we can easily target 10%
NSE:BASMLLong
by moneyfesttrading
JAYAGROGN - INVERSE HEAD AND SHOULDER PATTERN WITH STRONG VOL BOHi All, This idea is related to Jayant Agro Organics Ltd Fundamentals: The Company is mainly engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals. Market Cap - 962 Cr Stock P/E - 18 Book Value - 181 Promoter Holding - 67% EPS - 17.6 Debt to Equity - 0.29 ROE - 10% ROCE - 12.2% Dividend Payout - 23% Technicals: This counter has shown all important characteristics of a perfect Inverse Head and Shoulder Pattern. Left Shoulder is deeper than right whereas the head is deepest. Volume price also concurs to the pattern that with every rise volume was low whereas each decline, the volume associated was high Most importantly, during neckline breakout, the relative volume was very high which is the most important aspect to avoid false breakouts. The stock price has advanced more than 3% from the neckline, cementing the continuation of the breakout This is a weekly chart, so before taking the trade it is advisable to let price action be pulled back to nearest Moving average & then take a trade If you like my analysis please comment and let me know your thoughts, Happy Trading! Thanks, Stock-n-Shine
NSE:JAYAGROGNLong
by Stock-n-Shine
NO MATTER WHO WINS. F&O STOCK WILL WIN.General elections in India are going on and they are expected to be the WORLD's COSTLIEST elections. DMK, a closely related political party to NSE:SUNTV is among the top spenders on Google Ads despite being limited to one state. Expecting a huge ad spend by parties on Sun TV channels across South India. Stock is ready for inverted H&S breakout. Results will be posted on 24th May and I think breakout may happen around that time. So this week will be exciting for this.
NSE:SUNTVLong
by Abhyuday01
22 Mar ’24 — Nifty makes a Run, but crucial profit booking @ endNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “Momentum is still something Nifty50 was not able to find so far, mainly because follow-up buying or selling was just not there.” 4mts chart Nifty has become really unpredictable and is taking all the professional traders on a wild ride. We opened Gap-down, and the 3rd candle went through the support of 21913. Just when we thought we might have a down day, Nifty makes a reversal. Magically the support of 21913 is held and Nifty moves up an impressive 297 points ~ 1.36%. On its way, it spent some time @ 22051 resistance too, but the breakthrough was proof that the animal was a Bull and not a Bear. In the closing 40 minutes, we had a round of profit booking that ensured we fell around 117 points. Nifty creates an inverse head and shoulders on the 63mts chart. IH&S is a bullish pattern. But we are not changing our stance that fast. We will wait for follow-through buying on Tuesday and then go long. The support of 22051 will be crucial and N50 has to defend it if we wish to go bullish. Meanwhile, it is a long weekend for us and that could also mean that global macros could change in between as well. 63mts chart
NSE:NIFTY
by viswaram