Inverse Head & Shoulders pattern forming on Daily Chart of MGL. BUY 1100, SL 979.9, Target (s) - 1150, 1170, 1195, 1215, 1230. Head-Neckline = 320.5. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
QUESS has given IVHS breakout in daily chart and has also given a good monthly closing as well. Once it had failed to sustain the breakout but last week closing was a successful one. Today it has also broken its previous swing high of 888 and hence it is looking quite bullish.
One might go long with a SL of 850 and targets of 925,960 & 1000++.
Analysis is just for...
L&T after consolidating for nearly two years has given inverse head and shoulders pattern and breakout can lead to target of 2200 within a year and also the IT subsidiaries are outperforming the market.
SL: 1400 wcb!
NSE:BORORENEW at demand zone with results lined up next week it is a good script to look after if you trade with technical
Inverse Head and shoulder pattern formed!
Good accumulation at recent levels !!
Hello guys in this chart it is forming inverse head & shoulder pattern, if this pattern breakout than we can see good pump in !inch. But for pump it need to break neckline ($2.1465) and if this neckline breaks tan we can see up to $2.64. So guys just wait for breakout.......
12 years channel about to breakout along with inverted head and shoulder gives more attention to bullish
dyor
take trade only close above the channel
happy trading
As explained, the level of 1600 is a crucial resistance for the stock on daily as well as weekly time frames.
LT is a good stock to keep in your portfolio for long term, too.
Just for educational purpose.
It is a Weekly Timeframe Analysis for long Term Purpose.
Buy Hdfc Life near 625-650 Stoploss 540 Target 960
Pattern : Inverse Head & Shoulder Pattern. Retest area 625-650 Zone
Target is calculated on the basis of Pattern Structure i.e. Low of Head to Breakout Point
