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Inverse Head and Shoulders

Complex Inverted Head & Shoulder Breakout** Inverted Head and Shoulders- The inverse head and shoulders occurs when a downtrend reverses into an uptrend, and is basically the head and shoulders pattern we have just analyzed turned H & S pattern . As such, it’s really just a gradual change in the direction of the trend, marked by a penetrated trend-line and weakening of the current trend. ** The Complex Inverted Head and Shoulders _ Of course, everything is not straightforward, particularly in the trading world, and you won’t always get a perfect copybook head and shoulders pattern. One variation that you can find is called the ‘Complex Head and Shoulders Pattern’, and this is a more complicated version which includes extra parts. The extra parts include a double head or double shoulder – basically the trend is taking longer to turn from one direction to the other. This pattern has the same forecasting ability as the normal pattern, and you can run through the same principles to see why. This is not a very common occurrence. Because the head and shoulders is so widely known, you may find that other traders beat you to the punch in trading the reversal, and you lose some of the move. For this reason, you may find traders that don’t wait for the confirmation of the pattern before they enter the trade. For instance, some will anticipate the completion while the right shoulder is still in formation, and start entering some trades. In this stock scenario Complex Inverted Head & Shoulder breakout already happened with high volume . so that the basis of this pattern i am bullish on Sterlite Tech limited. Kindly Let us Know if you have any question . Thank you
NSE:STLTECHLong
by PrasantaP
Decisive break above 2770 can take the stock higherNSE:HDFC Stock after a swift up-move has been consolidating for the last few trading sessions and has also attempted to breach 2770 levels multiple times but failed to sustain above it. It has also formed multiple price patterns which indicate a possible breakout. A decisive break above 2770 can take the stock higher towards 2850/2900/2950 as long as 2710 is not taken out on closing basis. All ideas shared are for educational purposes.
HLong
by ShahulABCT
CNXPHARMA𝘏𝘦𝘢𝘥 𝘢𝘯𝘥 𝘴𝘩𝘰𝘶𝘭𝘥𝘦𝘳 𝘣𝘳𝘦𝘢𝘬𝘥𝘰𝘸𝘯 on 18 Jan took the index from 13000 to 12000. But did not breach swing low i.e. 12000. Now, it is set to give 𝘪𝘯𝘷𝘦𝘳𝘴𝘦 𝘩𝘦𝘢𝘥 𝘢𝘯𝘥 𝘴𝘩𝘰𝘶𝘭𝘥𝘦𝘳 𝘣𝘳𝘦𝘢𝘬𝘰𝘶𝘵. RSI is looking 𝘣𝘶𝘭𝘭𝘪𝘴𝘩 too. 𝗘𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻: ATH, 13900 𝗦𝘂𝗽𝗽𝗼𝗿𝘁: 12650, 12000
NSE:CNXPHARMALong
by OmkarBanne
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