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Inverse Head and Shoulders

22 Mar ’24 — Nifty makes a Run, but crucial profit booking @ endNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “Momentum is still something Nifty50 was not able to find so far, mainly because follow-up buying or selling was just not there.” 4mts chart Nifty has become really unpredictable and is taking all the professional traders on a wild ride. We opened Gap-down, and the 3rd candle went through the support of 21913. Just when we thought we might have a down day, Nifty makes a reversal. Magically the support of 21913 is held and Nifty moves up an impressive 297 points ~ 1.36%. On its way, it spent some time @ 22051 resistance too, but the breakthrough was proof that the animal was a Bull and not a Bear. In the closing 40 minutes, we had a round of profit booking that ensured we fell around 117 points. Nifty creates an inverse head and shoulders on the 63mts chart. IH&S is a bullish pattern. But we are not changing our stance that fast. We will wait for follow-through buying on Tuesday and then go long. The support of 22051 will be crucial and N50 has to defend it if we wish to go bullish. Meanwhile, it is a long weekend for us and that could also mean that global macros could change in between as well. 63mts chart
NSE:NIFTY
by viswaram
Check The Speed of Hero Motocorp || Grab before it's too late.Hello Dear, Traders & Investors. I hope you all are doing good in trading and in your life as well. Well i have brought once again an analysis on a stock with all my knowledge and power. Today Auto Sector was in limelight whole day, Nifty Auto gain intraday 1.46% today and made all time high at 15304.20 levels. Overall Auto Sector has done well in last one year. Nifty Auto has climbed 31.18% in last one year. Now come to our Analysis on Hero Motocorp . This is a Multi Year Analysis. Well i have Marked all the best levels like Entry, Target and Stop loss on chart. We have seen an Inverted Head & Shoulder pattern breakout in Hero Motocorp and after retesting it's neckline, Hero Motocorp has became Rocket in today's session and gain intraday 4.24% till days closing, and made 52 weeks high as well at 3172 . Well it has given a breakout in today's session at all near term resistance as well. This is also the best levels to go long from here for upside. But safe trader i think they should wait for falling resistance trendline breakout as well. For investor these are the best levels also to go long. For safe Trader:- Buy above- 3266 Targets- 3631/4090 Stop loss- 3090 Fundamental Analysis For long Term Investors:- Market Cap ₹ 63,113 Cr. Current Price ₹ 3,158 High / Low ₹ 3,172 / 2,246 Stock P/E 22.5 Book Value ₹ 833 Dividend Yield 3.17 % ROCE 23.6 % ROE 17.2 % Face Value ₹ 2.00 Debt ₹ 568 Cr. EPS ₹ 141 PEG Ratio -4.73 Promoter holding 34.8 % Intrinsic Value ₹ 1,743 Pledged percentage 0.00 % EVEBITDA 13.6 PROS Company is almost debt free. Stock is providing a good dividend yield of 3.17%. Company has been maintaining a healthy dividend payout of 75.0% CONS The company has delivered a poor sales growth of 1.03% over past five years. Well, That's it, i have done my analysis now. I think these are the best levels to go long for long term investment. This is a good dividend paying stock with healthy payout ratio. Note:- Always trade with stop loss, because it will save you from unexpected losses if market went opposite to your Analysis. Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please like, follow and comment your thoughts on my idea. Thankyou. Regards Rahul Pal
NSE:HEROMOTOCOLong
by TraderRahulPal
4
Titan, Reverse Head and Shoulders.Titan has formed a reverse head and shoulders pattern on the weekly charts and will have to decisively break out from the current resistance channel and close at a price above 2810 to further validate the bullish pattern. Stoploss would be just below the resistance channel. First target would be at around 3775 levels, although given the volatile nature of the markets since after the massive bull run of 2020-2021, I would strongly advise using a trailing stoploss of 20EMA on the weekly chart. That said, as usual, please ensure appropriate position sizing and risk management practices.
NSE:TITANLong
by Amit_Thakkar_
KELLTONTEC : Swing Trade#KELLTONTEC #breakout #VCPpattern #VCPBreakout #MomentumTrade KELLTONTEC : Swing Trade >> VCP Pattern >> On Weekly, Inverse H&S Pattern Breakout >> Trending Setup >> Good Strength & Volumes >> Low Risk High Reward Trade Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:KELLTONTECLong
by moneyfesttrading
Can Paytm reach 1000 with this breakout?The infamous stock of Paytm which was the largest IPO at the time of its listing has eroded IPO investor's wealth by more than 50%. However, the strong has been consolidating from quite few months now. We have seen multiple buybacks from the founder and promoter in this stock during the same which was a positive sign. However, near the release of Q4 2023 results, the stock had started its uptrend by forming higher highs, higher lows. Now, the stock has given a breakout of inverted head and shoulders with heavy volumes last week whose neckline was 750. The stock has given weekly closing above 800 levels which is a big positive for the stock. The stock might face an immediate resistance near 840-850. One can keep this stock on watchlist for buying near retest of 750-760 levels if there is a retracement for big targets of 990, 1125. Note:- This idea is shared for educational purposes and should not be considered as a recommendation.
NSE:PAYTMLong
by chartistamey
2
XCHANGING SOLUION : Breakout Candidate#breakoutsoon #breakoutcandidate #breakouttrading #patterntrading #XCHANGING : (1-3 Months) >> Inverse Head & Shoulder Pattern >> Trending setup on Weekly TF >> Good strength & Volume Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:XCHANGINGLong
by moneyfesttrading
WIPRO Ltd., 20% ROI, Right time to invest.Right time to invest. fundamentally good. . Entry:425 target:435 / 459 / 531 stoploss: 415 major stoploss/ support: 399 . . Enter conservatively after "425" . IT stocks are going to boom. long term investment; min 20% return. huge potential is there. Long term holding ; if you are interested in invest NOW, go for it with small risk, . . . . more than that "WIPRO". , is fundamentally good. . . .refer our old idea attached below
NSE:WIPROLong
by TheNuraTrading
8
Ashok Leyland : Swing Trade#ashokley #patterntrading #Breakoutstock #inverseheadandshoulder #swingtrade Ashok Leyland : Swing Trade >> Breakout Candidate >> Inverse H&S Pattern Visible >> Good Strength & Volumes Picking up >> Low Risk High Reward Trade Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:ASHOKLEYLong
by moneyfesttrading
Amara Raja Energy & Mobility (ARE_M) : Swing Trade#ARE_M #patterntrading #breakouttrading #momentumstock #swingtrade Amara Raja Energy & Mobility : Swing Trade >> Inverse H&S pattern Visible >> Good Strength & Volumes picking up >> Momentum stock : U may see sudden spurts of Volume >>Risky Trade, Book Profits timely Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:ARE&MLong
by moneyfesttrading