Inverse Head and Shoulders
Trap or Opportunity / Reliance Power"Wait for a Decisive Breakout"
Inverted Head and Shoulder / Large TF
Cup and Handel / Medium TF
Bullish Flag / Short TF
On the larger time frame, we have Head and Shoulder
On the medium time frame, we have Cup and Handel
On the shorter time frame, we have Bullish Flag
With Good volume activity
This trade is High Risk but has a good reward of up to 200%
Plane your trade accordingly (manage position sizing)
Have a nice trading day.
All the best and take care.
AFTER 4 YEARS DOWN TREND BREAKOUT ANALYSIS 22.06.2021BUY : 37 TO 35
TARGET : 55 TO 58
Reason For Buying This Script :
In this script after 4 years down trend line was broken & also it has retested in monthly time frame . It shows positive moment.
Don't miss this moment.
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...
Vodafone (about to fly)Idea has given an inverted H&S PATTERN Breakout with volume , even rsi took and bounce back from it's indicating trend reversal . Looks good for short term target of 14 , have potential to move 18/22 in long term .
Not a financial advisor , ask your financial advisor and enter at your own risk.
Comment down your views.
Inverted Head and Shoulder / Breakout Canara Bank has formed Inverse Head and Shoulder Pattern on the daily time frame.
Broken resistance on high volume candle
Now the resistance will act as support if the stock retest its resistance look for an opportunity to buy at 156-155
Buying at retest will enhance the Risk-Reward ratio
Target 184
SL 153 (50%)
SL 147 (50%)
Axis Banks in inverted head and shoulders patternKEY TAKEAWAYS
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline.
For Educational Purpose Only
MHARASHTRA SEAMLESS : Inverse H&SA breakout of inverse Head & shoulder formation with neckline of 314 has been spotted. The pattern suggests a continuation of the previous HH & HL trend. One can buy the stock on cmp & add on dips with maintaining the SL of 300 and look for the target of 360 (measured tgt) later 380/410
DMART - Inverse Head & Shoulder PatternIt is an Inverse Head & Shoulder Formation.
On 18 may 2021, There is a Candle with a good volume breaking the Neckline of the Pattern. This is a positive sign or a confirmation for an Up move. Stock price is taking support of a Neckline. If stock shows some up move and when it breaks the nearest swing high (red candle next to the breakout candle) we can take entry for Swing or Positional trade.
So the Entry price is above 3090.95, we can take entry between 3095-3100.
Formula to calculate the Target Price
Target = (Height from head to neckline) + Neckline
Height from head to neckline = 309.45
Neckline = 3018.95
Target = 309.45 + 3018.95 = 3328.4
So we get here Target 3328.4 and it is near to the all time high price that is 3330.
You can consider stoploss close below the shoulders of the pattern as it can be the support line.
Disclaimer : I am not Sebi registered or expert in stock market. This is my personal analysis for educational purpose. I am not responsible for any profit / loss.