Weekly 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.
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
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
NSE: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 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.
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
#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
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...
The 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...
NSE: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
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++
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
