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Inverse Head and Shoulders

SRF going bullish 📈Hi friends, as you can see today i have the technical chart of SRF. Friends as you can see here that it is making an Inverse Head and Shoulder chart pattern which means it can go up but if you see closely then you will find more confirmations as shown below On Monthly Chart :- On Weekly Chart :- Although markets can't be predicted or pattern which formed will work guaranteed and the stock will go up or down, In market we work on possibility and an inverse head and shoulders is one of the pattern with the most success rates, so that's all for today i will meet you in the next idea. Thanks. btw do follow and like it 👍
NSE:SRFLong
by MAYANKTECHRESEARCHING
Inverse Head and Shoulders A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest. A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal. An inverse head and shoulders pattern predicts a bearish-to-bullish trend. The neckline rests at the support or resistance lines, depending on the pattern direction. Script = Nifty Time Frame = 1Day
NSE:NIFTYLong
by Jainshashwat
Foseco Ind Remember my first Idea of RelaxoNSE: FOSECOIND If Breaks then target could be taken at 1159 as a good Target Time Frame :- 1 Month Patterns Name :- Inverse Head and Shoulder Have a Nice Day to you all Made By MAYANKTECHRESEARCHING Comment Below If You want to ask me questions on this on any other idea Conclusion :- A Inverse Head and Shoulders which is completed now with breakout shows some forecasts that could be up and could followed by the market Follow me with bonus ( like the post )
NSE:FOSECOINDLong
by MAYANKTECHRESEARCHING
BPCL Bullish Breakout BUY!Attached: Daily Chart as of 17th March, 2023 - Price shot up a whooping 6.24% on 16th March (Thursday) and also held the Gains closing Higher on Friday - Overall giving a Strong Weekly Breakout Candle closing above the 350 key level - 315 level or the 0.618 Fib retracement held out perfectly as a support🙏 Indicator Signals: - MACD crossed above 0 line ✅ - RSI crossed above 70 ✅ - DMI gave Buy signal ✅ - ADX is above 25 ✅ - An Inverse Head & Shoulder Pattern is currently active given the Breakout Candle📈 Upside Potential: A Short Term Target 🎯 of ~ 400 is now Open Stop Loss for the same is < 325
NSE:BPCLLong
by T_Harth
Will Nifty complete IVHS pattern?It looks like Nifty is forming a IVHS pattern on 15/30 min TF. The neckline of IVHS is around 17480-17500 levels which will be a strong resistance. RSI is showing divergence in 30 min TF which might indicate an upmove. 17200-17250 is the next strong support for Nifty which is very close to the CMP and hence, a short trade might not be a good option. However, US market and tomorrow morning's opening will be a key deciding factor on trend for next week. This is my personal opinion on Nifty just for educational purpose and kindly trade as per your own analysis.
NSE:NIFTY
by chartistamey