Inverse Head-SShoulders FormationAn inverse HS Formation completed in BWA. After the break of the neckline the target could be round the area 51$. Stop loss 40.5$
Inverse Head and Shoulders
EUR/USD Technical analysisAfter a downhill move, EUR/USD has formed an inverse head and shoulder pattern.
It has broken the neckline too and is currently consolidating just above it.
Hence we expect the pair to turn bullish and move to the resistance levels at 1.12871 and 1.13237.
Long Federal BankThe stock has formed an inverse head and shoulder pattern. One can think of going long the risk reward ratio is also good. The stock is consolidating so one can think of going long post a breakout.
Breaking out - Cup & Handle | Inverse H&SChart pattern:-
Infy took 8 months to complete the Cup and Handle Formation. If you observe closely, it has formed intermediate Head and Shoulders especially in the Handle portion.
Positive indications :-
- Closed above the resistance - 760 levels.
- RSI and MACD showing good strength.
- Long buildups observed in this counter regularly
Conclusion:-
An increase in volumes is needed for the breakout. If sustains above the current level it can give a good rally up to the 900 levels in coming months.
However, tread with caution as price is sliding on to the upper end of the bollinger band which may cause a minor dip before the rally. 730-740 could be the lower levels to watch out for.
This is a just beginner’s analysis. Please feel free to share your thoughts regarding this. Thanks for reading!
Inverse head and shoulders pattern on infosysWe can see a breakout after formation of inverse head and shoulders formation on hourly charts
Jindal Steel : Seems Bullish for Short Term !Dear All Members at TradingView ,
Jindal Steel seems good for 220+ in Medium Term !
Entry : Above 183 Rs.
Targets : 187-193-205-220+ Rs.
Stop-Loss : 163 Rs.Or 169 Rs. on Closing Basis
Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section .
Disclosure : I am not A SEBI Registered Technical Analyst !
Regards ,
Mohit Jangir (KBMJ)
Happy Trading !!!
BEML_Inverse Head and ShoulderGo Long. Inverse head and shoulder. If breaks then near target 1141.
Hit a like if you like the setup.
Inverse Head and shouldersAsian Paints will acheive new heights it has formed an inverse head and shoulders in the hourly chart. BUY BUY
Inverse Head and Shoulders formation----ULTA PULTAWe can see an inverse head and shoulders formation in the hourly charts of nifty. Accordingly an upmove is expected. Traders gear up.
India Cement Possible Inverse Head & Shoulder PatternIndia cement Bounced nicely today from 89 area. Which was the bottom of left shoulder too.
A Retest to 89 area is possible and stock may form right shoulder in this week.
Short term target is 99 which happens to be the neck line and if The Setup play out, Target is 115+.
Watch out for the Inverse Head & shoulder pattern which indicates the bottom for India Cement.
Reverse Head & Shoulder PatternTrade Setup Explained in Charts
Disclaimer : Purely Educational Purpose - Not a recommendation
eursgdpossibly inverse head and shoulders. already break the neck-line. targets and stop loss are set at chart
Banknifty - RHS Pattern Trade Setup : Explained in charts
Disclaimer : Its purely my personal view .. Not a recommendation
