Inverse Head and Shoulders
INVERTED HEAD AND SHOULDERS.Stock good for short term investments with wick rejection.
DISCLAIMER - Analyse by yourself before investing.
Do comment and suggest if corrections needed.
HAPPY TRADING.
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
Hindustan Unilever Limited long Idea.Hindustan Unilever Limited form inverse H&S pattern can test 2414 and 2460 in 1-3 days.
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
Ramco cement long ideaRamco cement buy of any level 1000-1025 for tgt1075 1-3 days
Stock is in bullish mode . parallel channel work
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.
FDC LTD - Tuesday Trade | 15th JuneStock has risen above resistance zone supported by huge volumes.
Has formed Inverted HnS
Buy Cochin ShipyardBuy Cochin Shipyard at 385-387 Stoploss 363 Target 425
Study : Inverse Head & Shoulder Breakout and Retest Structure
JSWSTEEL, 1HInverse Head and Shoulder pattern formation is seen and breakout and long position if next candle will be bullish
Cochin Shipyard long ideaCochin Shipyard : it form inverse h&s pattern with neck line 400 can test 450 and 500 in 1-3 month.
Head & Shoulder in OFSSOracle Financial Services Software has given Brkout of an Inverted Head & Shoulder Pattern on Weekly Charts.
Stock looks Bullish as of now. Till the time 2880 is intact on Weekly basis.
SHARDACROP : POSITIONAL TRADE1. Good to enter at CMP.
2. Trendline breakout happened and support taken on trendline in the retracement.
3. Target 420/500
4. Average till 300, SL : 250
Disclaimer: This is educational purpose only.
APOLLO --> INVERSE H&S TRADEAn inverse Head & Shoulder pattern is underway in this stock. Good to see volumes active. Can buy at 121 for targets of 144. Based on the behavior on the resistance, targets can be revised
Thank you. Leave a like if you found it helpful.
IMFA - 1W TF - Inverse Head & ShouldersA POTENTIAL Inverse Head & Shoulders pattern forming on Weekly Chart of IMFA. BUY 270, 285, SL 224.9, Target(s) - 340, 360, 380, 400. It has to cross the swing high of 283.4 and above 285 for the breakout. Measurement = 185. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Kolte Patil Flag Breakout and Inverse Head and Shoulders patternThis has Perfect Flag breakout and Inverse head and shoulders pattern getting formed.
Inverse head and shoulders pattern are usually seen at bottom of the trend and are strong.
Long near 250 SL 205 target 400-500 and beyond
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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medium term target - LICHSGFINenter once the weekly candle breaks the high of inverse head and shoulder pattern
#TATAPOWER FORMED INVERSE HEAD AND SHOULDERnice pattern and my view for it is upmove and trade accordingly
Thanks
EXIDE INDUSTRY LONG IDEAExide industry form Inverse H&S pattern on weekly chart can buy can accumulate 180-185 for target 197 and 208 soon
Larsen & Toubro - Potential weekly breakoutLarsen & Toubro weekly chart is looking good for a potential breakout above 1600.
Target: 2000
SL: 1270
Note: For educational purpose only
