Inverse H&S, Buy: 677, Target:783, SL: 640
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Indicators are showing reversal. Daily Bandbollinger narrow range,PASR turns positive,CCI crossover,weeklly PSAR turns positive and others. That will lead to achieve the target on coming days. Pattern wise, Parallel line breakout, Inv.Head and shoulder and Double bottom are going on. Refer chart for Target and stoploss details.
Vijayaraghavan.K,
Kovilpatti.
An Inverse H&S pattern is under formation. The right shoulder is yet to complete however as per he weekly charts where the prices are moving within a downward channel is expected to touch 755. Once the neckline is broken i.e closing above 775 (this will also act as a channel breakout) it can reach a target of 900 levels.
Conditional Buy: closing above 775 only....
As on 18/09/18, HLL has made INVERSE HEAD & SHOULDER CHART PATTERN in 4 hourly and 3 hourly time frames.
Resistance Level: 1669.70
Support Level : 1657.64
Buy HLL for targets 1682.50/1702.20/1731.40 with stoploss 1644.75
Inv.Head and shoulder formation is going on. If it finished and go above 237 (closing basis) it may reach the target levels. Daily MACD crossover may happen on upcoming days. It will helps to pattern formation and go above 237.
POINTS: 239,241,246.6,248.5,250,259,263,268-273
Vijayaraghavan,
Kovilpatti.
Inverse Head and shoulder pattern formed and daily MACD line crossover may happen on upcoming days. Target mentioned on chart.
Vijayaragavan
Kovilpatti.
The stock is forming Inverse Head & Shoulder and is approaching to give breakout. One can put it in their watch list and take timely action accordingly.
NSE:SREINFRA It is trading in a falling wedge pattern and about to breakout upwards.
A valid Inverse Head & shoulders pattern has been formed and also the last two candles form Bullish Engulfing pattern.
Confluence of all these factors suggest for long positions .
Longs may be taken at current levels with tight stoploss below 100 or once it breaks the trendline...
Clearly formed inverse Head & Shoulder pattern is suggesting a long entry. Being a defensive Trader, I would wait for a retest on Neckline which means possibility of missing the trade also as it does not happen always therefore other trader can buy at appropriate level depending upon their risk appetite.
Inverse head and shoulders pattern is in formation on the daily chart. Target prices are 280, 288 and above in short term. Buying on dips can be more profitable.
It is been observed on the Daily Chart that the price action forming an inverse bullish Head-N-Shoulder pattern indicating a bullish move ahead. It shall perform well once the price action breaks above 500 levels to confirm a breakout of the pattern trendline .
Target: 520
Stoploss: 474
*Kindly note that the trade shall be active once the price action breaks...
Nicely formed Inverse Head & Shoulder pattern is ready to give breakout. Posting in advance as market seems to have gap up opening and mates can take advantage of it. Those who are following my Action/Reaction learning series can also notice marked AR Set which catches the reversal perfectly.
