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Inverse Head and Shoulders

📚Learn More💰Earn More - Inverted Head and Shoulders in USDJPY📚 LEARN MORE 💰 EARN MORE With ForecastCity Inverted Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal. This illustrates that the downward trend is coming to an end . When a Head and Shoulders formation is seen in a downtrend, it signifies a major reversal . The pattern is confirmed once the price breaches the neckline resistance . In this example, we can easily see the head and shoulders pattern. How to Trade the Head and Shoulders Pattern : ENTRY: we put an entry order above the neckline. TARGET: We can also calculate a target by measuring the lowest point of the head to the neckline. This distance is approximately how far the price will move after it breaks the neckline. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
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by ForecastCity_ME
3
KTKBANK - Despite big fall showing recovery with momentumPositional analyze for Short term holding (may take some quarters) Weekly time frame for the last 8 months price was making Lower low, after big fall now RSI Bullish divergence occurring. High probability the price will goto its previous level of Rs.70/- CMP : 43.25 Any dip / fall is an opportunity for accumulation until 34/- SL : 30 Target : 70, 88 If you switch to DAILY time frame you will see Inverted Head & Shoulder pattern in forming which is another confirmation and high probability setup. They provide Rs. 3.50 dividend on average at this price range, it is almost 7% yield per annum and stock is available at 0.25 Price to Book. Due to pressure on the financial sector the stock might be struggling to shoot up. Still it is a good opportunity for us. I'm hoping the stock will continue to attract the investors shortly.
NSE:KTKBANKLong
by srikartiram
8
HindPetro: Target 318.65 for Time Frame : 1 Year+See details why? Fundamental Analysis : Stock P/E : 4.79, EPS: 40.90, Industry P/E : 8.53, Face Value : Rs 10 per Share, Dividend Yield: 4.29%, Dividend Payout : 42.81% Maintaining, Promoters Holding : 51.10% with Nil Pledge, Market Cap : 34614 Cr, Debt to Equity : 0.88, PEG : 0.26, Book Value : 229 Credit Ratings: Ratings Reaffirmed at AAA (Stable)/ A1+ HPCL's Strong parentage, It's undertaking modernization and capacity expansion at its refineries to improve the profitability of the refining operations. News of the Stock, OPEC's MONTHLY OIL MARKET REPORT WILL BE OUT AT 12.20 GMT. SAUDI ARABIA'S FM FAISAL BIN FARHAN SAYS OUR COOPERATION WITH RUSSIA UNDER OPEC + HELPED TO STABILIZE OIL MARKETS And many more reasons. Attractive Value and Strong Fundamental Hind Petro.
NSE:HINDPETRO
by Kuldeep_Share