Inverse Head and Shoulders
ANOTHER INVERSE HEAD AND SHOULDERS, POSSIBLE BREAKOUT OVER CMP!!As clearly seen, stock has completed the inverse head and shoulders pattern on weekly charts and is ready to give a breakout if it breaches the current market price. Fresh position can be taken on these levels with the stop-loss of 85 for the targets of 135 from here.
Inverse Head and Shoulder Breakout in BHARTIARTL For Target 597+After the breakout of Inverse head and shoulder pattern in BHARTIARTL it was consolidated in range. In today's session, it did breakout of this consolidation zone. It will continue its bullish rally towards the 597 for the short term. It will face next immediate resistance at 560.
Possible Trade:
Buy BHARTIARTL above 515
Stop-loss 496
Target 560 597+
LIBERTY SHOES - 1W TF - Inverse Head & Shoulders, Cup & HandleInverse Head & Shoulders pattern forming on Weekly Chart of LIBERTY SHOES. BUY 160, SL 132.9, Target(s) - 180, 190, 200.
Cup & Handle pattern forming on Weekly Chart of LIBERTY SHOES. BUY 182, SL 132.9, Target(s) - 220, 230, 240. Cup Depth = 112. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Bharat Forge weekly IH&SSince the pattern formation of Inverse H&S took 632 days for formation, the target willl be achived by an year or so, so if anyone doesnt intend to wait too long,then the best option is to wait for tgt of the ascending triangle and book profits and then move to next idea.
Stick to proper position sizing & risk management, and once the trade is profitable trail your SL, never let your profitable trades turn to losses.