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Inverse Head and Shoulders

M&M INVERTED H&S PATTERNINVERSE HEAD AND SHOULDER PATTERN IN M&M cmp 1591 any close above 1600 will be considered at pattern breakout for... 1625 / 1650 / 1675 / 1700 Sl can be 1580 closing basis ---------------------------------------------MAJOR RESISTANCE 1600------------------------------------------- if could not sustain above 1600 one can short for 1575 / 1550 / 1525 / 1500 Sl can be 1620 closing basis Regards.. Keshav.. 02/09/2023 Disclaimer: I am not a SEBI Registered analyst...!! Charts are made only for study purpose and paper trading... !!
NSE:M&M
by Harmonics4Life
1
Chalet hotes IHNS breakoutChalet hotels has given an inverted head and shoulders breakout. Currently, stock is consolidating above the neckline. A retest of 400-405 levels can give a good indication that the breakout is genuine and one can expect at least 100 points move which is the length of right shoulder. Long term targets can be 250+ points which is the length of the head. SL is deep around 30 points at 375 levels. Note:- Idea is shared only for educational purpose and should not be considered as a recommendation.
NSE:CHALETLong
by chartistamey
Long Westlife DevelopmentA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of NSE:WESTLIFE Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Flag and Pole Technical Indicator :- Positive MACD Crossover
NSE:WESTLIFELong
by raigvivek
Banknifty ( only for minimum 250-300 points target)Banknifty. (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 44575 / 45025 target: 45030 - 45250 - 45760 stoploss: 44430 . . For " Short" entry: 44430 target: 44250, 44030 stoploss: 44580 . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " Simple, Focus on Consistency "💹. Refer our old ideas for accuracy rate🧑‍💻. Valuable comments are welcomed-✌️ . . [ i]Disclaimer: Our Trading style is not to capture "10-20" points per trade.📊 We take entry only for min "200-300" points without any distractions.💹 So, our ideas may not be preferable for small traders, who just focusing on too much of support and resistance.📈📉📈 So, please consider others ideas. This is for educational purposes.🧑‍💻
NSE:BANKNIFTY
by TheNuraTrading
Inverse Head & shoulders in BHEL.We can see on the weekly timeframe, the stock has been consolidating for two years, forming an Inverse Head and Shoulders pattern. On the daily timeframe, there's a breakout with a smaller candle above the Neckline. However, there's a possibility of a fakeout, so we'll wait for a strong confirmation. We'll enter the trade only when there's a bigger green candle than the previous one and should sustain above the line as that would be our trigger. If the trigger is met, we can consider going long on the stock. Our target would be to achieve more than a 15% gain, while setting a stop loss at 8% to manage potential risks. Buy- 102 Target- 120 Stoploss- 94 Note- I am not SEBI registered, Please consult your adviser before Investing.
NSE:BHELLong
by BullishLine
Banknifty ( Weekly Contract )Banknifty . (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 44575 / 45025 target: 45030 - 45250 - 45760 stoploss: 44430 . . For " Short" entry: 44430 target: 44250, 44030 stoploss: 44580 . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " Simple, Focus on Consistency "💹. Refer our old ideas for accuracy rate🧑‍💻. Valuable comments are welcomed-✌️ . . Disclaimer: Our Trading style is not to capture "10-20" points per trade.📊 We take entry only for min "100-300" points without any distractions.💹 So, our ideas may not be preferable for small traders, who just focusing on too much of support and resistance.📈📉📈 So, please consider others ideas. This is for educational purposes.🧑‍💻
NSE:BANKNIFTY
by TheNuraTrading
Nifty 50 ( For minimum 100-200 Points Target )Nifty 50. (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 19420 target: 19505 - 19545 stoploss: 19380 . . For " Short" entry: 19375 target: 19300, 19250 stoploss: 19420 . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " Simple, Focus on Consistency "💹. Refer our old ideas for accuracy rate🧑‍💻. Valuable comments are welcomed-✌️ . . [i ]Disclaimer: Our Trading style is not to capture "10-20" points per trade.📊 We take entry only for minimum "100-250" points without any distractions.💹 So, our ideas may not be preferable for small traders, who just focusing on too much of support and resistance.📈📉📈 So, please consider others ideas. This is for educational purposes.🧑‍💻
NSE:NIFTY
by TheNuraTrading
Banknifty (only for min 100-300 points target)Banknifty . (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 44620 / 45120 target: 45030 - 45250 - 45760 stoploss: 44500 / 44980 . . For " Short" entry: 44410 target: 44250, 44030 stoploss: 44580 . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " Simple, Focus on Consistency " 💹. Refer our old ideas for accuracy rate🧑‍💻. Valuable comments are welcomed-✌️ . . Disclaimer: Our Trading style is not to capture "10-20" points per trade.📊 We take entry only for min "100-300" points without any distractions.💹 So, our ideas may not be preferable for small traders, who just focusing on too much of support and resistance.📈📉📈 So, please consider others ideas. This is for educational purposes.🧑‍💻
NSE:BANKNIFTY
by TheNuraTrading
Union Bank - Bullish Signal with Inverted Head and Shoulders PatStock Name: Union Bank View: Bullish Analysis : Union Bank's price action suggests a potential bullish scenario based on the following technical factors: 1 - Inverted Head and Shoulders Pattern: On the daily time frame, Union Bank is forming an inverted head and shoulders pattern, which is a classic reversal pattern. This pattern typically indicates a potential upward move after a downtrend or consolidation. 2 - Continuation Pattern: The inverted head and shoulders pattern is occurring within the context of a primary uptrend, indicating that this pattern might act as a continuation pattern, further supporting the bullish view. 3 - Weekly Consolidation: The stock is currently consolidating on the weekly time frame after a previous upward movement. This consolidation phase could be a sign of temporary price stability before another potential leg up. 4 - Market Context: CNXPSUBANK is undergoing a multi-year consolidation, which, when broken, could have a positive impact on Union Bank's performance, potentially fueling a significant rally. Trade Plan: Based on the analysis, here is a potential trade plan: Entry : Consider entering a long position if Union Bank's price breaks above the horizontal resistance level ranging from 92.3 to 93. Stop Loss (SL) : Place a stop loss order just below the recent swing low at 89. This offers a risk management strategy to limit potential losses. SL Percentage : The stop loss represents a 3.5% decline from the entry point, providing a buffer against potential market volatility. Position Sizing : For risk management, allocate a position size that corresponds to a 1% risk of your total capital. This could amount to approximately 28% of your total capital. Max Position Size : However, it's advisable to cap the maximum position size at 25% of your total capital. This adjustment not only aligns with prudent risk management practices but also helps reduce the overall risk exposure. Disclaimer : Trading and investing in the stock market carry inherent risks. This analysis is for informational purposes only and should not be considered financial advice. Prior to making any trading or investment decisions, it is recommended to conduct thorough research and consult with a certified financial advisor. Please note that the stock market's unpredictability and past performance not indicating future results emphasize its inherent uncertainty. Trading entails substantial risk, including potential capital loss. This analysis focuses exclusively on technical factors and does not account for fundamental or external market influences. Prior to making any trading decisions, conducting thorough research and seeking advice from qualified financial professionals is advised. Remember, your decisions solely bear consequences, and you are fully accountable for your trading outcomes. Approach decisions with caution and thorough consideration. This analysis and disclaimer are furnished solely for educational and informational purposes. It must not be construed as financial advice. Trading encompasses risks, and it is imperative to comprehensively comprehend these risks before making any trading determinations. #StockAnalysis #TechnicalAnalysis #TradingIdeas #BullishSignal #InvertedHeadAndShoulders #MarketAnalysis #FinancialMarkets #TradingOpportunity #InvestmentStrategy #RiskManagement #TradingViewAnalysis
NSE:UNIONBANKLong
by Triyambak_CA