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Inverse Head and Shoulders

FIVE CONFORMATIONS SETUP ON HDFC LIFE !!!Here is my 2 cents on HDFC LIFE as why I am very bullish on the stock 1.Inverse Head and Shoulders pattern on daily and weekly time frame. 2.Decending Triangular pattern on upside, signifying continuation of major trend i.e., uptrend. 3.100 day Moving Average support. 4.3rd time taking support on the trend line. 5.Stock taking support 3rd time at 0.236 Fibonacci retracement levels ( considered as healthy retracement on an uptrend). Personal view : Very bullish, Positional view. (ps: safe players can go long after 600 levels). Timeframe used : Daily. Target : 640-650 or trailing SL. Disclaimer : These are just my personal observations, Please do your own research or consult an advisor before doing any investment or trading.
NSE:HDFCLIFE
by saikrishna9999
17
Reliance Elliot Waves, Gap analysis, Head and Shoulders PatternDisclaimer: Just for Study purpose, trading/investing not recommended on this analysis it can be wrong. Reliance gives classic examples where it shows similar targets with help price action and Elliot waves. Inverse Head and shoulders breakout target seems to reached As 3rd Elliot wave is extended 5th Wave should be normal (not extended) During Run up it created Breakaway Gap, Runaway Gap, Exhaustion Gap
NSE:RELIANCEEducation
by Niftydirection
7
Godrej Industries Inverse Head And shoulders breakoutGodrej Industries Inverse Head and shoulders breakout now in correction phase which will take lot of time to consolidate. Long in the zones of 390-70 SL 340 Target 600+ which is head height ~186 points. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research . You are advised to rely on your own judgment while investing/ Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks.
NSE:GODREJINDLong
by Niftydirection