Inverse Head and Shoulders
Burger King with Inverse Head and ShoulderInverse 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
Exide Industries- 200 on the cardsAfter a brief downward movement starting from 218, there is an evident inverse head and shoulder pattern visible. Two shoulders at 180 range and head at 170 range. Potential upside is there for this stock and this can be predicted to cross 200 in the near future.
NOTE: This is only for educational purposes and do not constitute specific financial, trading or investment advice. Investment/Trading in market is subjected to market risk,Please consult financial advisor before trading or investing.
Watch out for Inverse Head & Shoulder Breakout (Don't Miss)Birlasoft is involved in the business activities of Writing , modifying, testing of computer program to meet the needs of a particular client excluding web-page designing.
The Stock has formed has an Inverse Head & Shoulder Pattern on the chart and is ready for breakout.
The Company is fundamentally very sound. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycle. The Company has posted excellent results for the last quarter of FY 21. EPS increased by 30% YoY and Sales increased by 12% YoY.
Can be added at current levels. For Targets and SL refer chart.
Feel Free to share your feedback and queries.
Do follow me for further upcoming posts.
INVERTED HEAD & SHOLDER PATTERN BUY 4465
TARGET 5341
Reason For Buying This Script :
In weekly time frame it has formed HEAD & SHOLDER PATTERN Now price has to come down buy at dip around 4665 .
Once if neck line break and close above the neck line in weekly or monthly time frame means further we can go for buy and the target is 6618 to 6742.
In monthly time frame it has broken the box break out .
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...
AXIS BANK- SOON TO CROSS 1000 ?Axis bank has rallied more than 100 percent from its lows in 2020. However the chart structure suggests that the counter can witness significant up move from the current levels. In the weekly time frame one can see the formation of an Inverted Head and Shoulders. The shoulders are placed in the zone 770- 800 and once that level is taken out convincingly, the stock could test its life high placed near 830 and can move towards 1260/1340 levels. In case of any correction, the downside support in the current formation is placed near 660-600 levels. Overall the counter looks bullish and those with longer holding periods can benefit significantly from the current levels.
.
Important Information
Key hurdle for the current formation - 800
Important Support levels for the current formation - 600-660
Targets if the formation is realized - 1260/1340
Analysts
S.V and B.P
We are not SEBI registered analysts and the information provided is solely meant for discussion and educative purposes
Coal India - Turning Around It has been observed on a weekly chart that the price action is forming a bullish "Inverse Head n Shoulder Pattern" indicating buyers coming back in the stock and shall turnaround stock to upside in coming weeks.
It is providing a good investment opportunity with holding time of 6m-1year.
T1- 250 SL 130