The pair has plunged after the Australian CPI data. Now, it has formed an inverse head and shoulder pattern in the 15-min chart. Also, the RSI indicator has backed up the bullish reversal formation with an inverse head and shoulder pattern of its own. Hence, we expect the pair to pullback from the lows to the resistance of 78.870.
An inverse HS Formation completed in BWA. After the break of the neckline the target could be round the area 51$. Stop loss 40.5$
After 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.
The 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.
Chart 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...
Long Idea in Tatasteel.
We can see a breakout after formation of inverse head and shoulders formation on hourly charts
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...
Go Long. Inverse head and shoulder. If breaks then near target 1141. Hit a like if you like the setup.
kmdbtc. there are both rising wedge and inverse head and shoulders.
India 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.
Trade Setup Explained in Charts Disclaimer : Purely Educational Purpose - Not a recommendation
possibly inverse head and shoulders. already break the neck-line. targets and stop loss are set at chart