In the weekly time frame, we see an Inverted head and shoulders pattern above which is a strong resistance zone. Breaking of this resistance will give us a very clear upward movement.
We have given you all the possible outcomes in case of a breakout.
Educational purpose only - kindly do your own research.
Good luck.
An Inverted Head and Shoulders pattern broke out and retested itself inside a bigger Inverted Head and Shoulders Pattern.
The same move is expected on the bigger pattern as well.
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* Inverted Head & Shoulder Chart Pattern Breakout with high volume .
CMP-2113.30 RECO-Buy Entry Range-Rs.1800-1860.00 Target-3200.00/4500.00 Stop Loss-1600.00 Closing basis
Duration- 06 to 12 Months.
kindly let us know if you have any question
After long term correction, stock has given a breakout of a long term downtrend line & restested as well. On observation we can find an inverse Head and Shoulder pattern. The prices has given a breakout above the neckline of the inverted H&S with strong volume on weekly chart.
On the perspective of wave analysis, we can clearly count the up move from the bottoms...
This analysis is on the request of quite a few well wishers.
There was a breakout this week but there lies ahead a very strong resistance. Once that is cleared then the stock will do well.
Avenue Supermarts (Dmart) is involved in the business activities of Retail trade, except of motor vehicles and motorcycles.
The Stock has formed an inverse Head & Shoulder on Charts and is ready to breakout. The Stock is technically placed below 50 DMA and around 100 DMA.
The Company is fundamentally very sound. The company is debt free and has a strong balance...
Few takeaways from my analysis on MOIL LTD.
1.Inverse head& shoulder pattern breakout: stock broke out of the pattern(neckline resistance) after long consolidation period.
2.Volume spurt: breakout supported by decent volume, indicating bullishness.
3.Moving averages : stock trading above 20MA And 50MA on weekly chart, Also trading above 50MA and 200MA on...
The chart is self explanatory.
Breakouts from inverse head and shoulder pattern and retest.
Steel is the Global flavor and the price action here is very encouraging.
