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...
Please use these entries as breakout points. And Do not trade when a gap up or down occures.
Entry : 83.50
Target : Trailing Stop loss
Stop loss : 83
This is not a recommendation. This is for educational purpose only.
Consider all risks possible with stock market.
Thank you
Have a nice day
Happy Trading!!
BALKRISIND:- 1420₹ key level for balkrishna industry 1300₹ clbs for target seen 1600₹++
INVERTED HEAD AND SHOULDER PATTERN
#Disclaimer:-I just shared view for only educational purpose.
Godrej 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...
Cup & Handle pattern forming on Hourly Chart of COLPAL. BUY 1405, SL 1339, Target - 1500. Breakout above 1400 with VOLUME, falling back below 1380-1375 key levels will be construed as a false breakout in this case, So keep an eye on Volume candles too alongside with Price action.
Inverse Head & Shoulders pattern formation in the process on Hourly Chart of COLPAL....
Inverse Head & Shoulders pattern forming on 2 Hours Chart of DR REDDY'S LABORATIES. BUY 4100, SL 3848, Target - 4400. Distance from neckline to the bottom of the head = 476. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
The Call is based on Inverse head and shoulder, Trendline Breakout and Supply Zone breakout and retest. It is also Trading in parallel channel.
Best Setup
Entry between 445-460
Target 480/510
Stop Loss 437
Disclaimer: The recommendations are based on technical analysis and subject to market conditions. Please trade at your own risks. The author is not...
We are expecting a very good long on GBPCHF. We have a nice looking inverse Head and Shoulder pattern visible on the 4H chart while there is a large H&S forming on a DAY chart.
Bank Nifty is looking clearly bullish for upcoming sessions. You can see its formation of Inverted Head and Shoulder Pattern. Also has broken the neckline
