HINDUSTAN COPPERNSE:HINDCOPPER
Has Broken abv Inverse Head and Shoulders Pattern
Can expect a Fierce Rally going ahead in wave 3.
Inverse Head and Shoulders
BPCL: Inverse Head and Shoulder reversal Inverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy on cmp add on dips , keeping SL of 320 look for the measured target of 415 and beyond that targets are 443 /500 as per ElliottWave perspective.
INVERTED HEAD AND SHOULDER BREAKOUT (APTECH LTD)Stock gives breakout of inverted head and shoulder on daily timeframe .
CMP : 380
Target : 452
Stoploss : 349
This is not a buy or sell call, this analysis is shared for educational purpose.
Surya roshni reversal pattern breakoutSurya roshni reversal pattern breakout.
inverted head & shoulders pattern breakout.
It may go up to 740.
as per pattern target.
Note: only for learning, trade at your own risk.
BHEL BreakoutNSE:BHEL After retest of Inverse HNS breakout.
Again ready for the Rally to New Highs.
It's a multi year Breakout. and has potential to go much higher.
Nifty AnalysisNSE:NIFTY
Seems to have made base and breaking out of inverse HNS
Abv 18200 it shall be ready to zoom higher.
Uptrend seems to be resuming.
#ASHOKLEY - Inverted head and shoulder formation#ASHOKLEY - Inverted head and shoulder formation; A good up move is expected
Finding a swing trade then watch it Hello Everyone, Today got a new swing trade for you at here you can see a head and shoulders pattern so after examining the head and shoulder, target should be at 769 and stoploss at 625.05
ultra tech cement this is not investment advice doing this for myself to increase my confidence also share your thoughts on this
Grasim Industries : +9% to +30% Upside PotentialGrasim Industries : 14 Dec 2022
Summary :
• BO with Volume (28 Nov 2022)
• Base of 3 months
• Approx 1 year of Head & Shoulder Pattern
• Potential of +9% to +30%
Conslusion:
• CMP 1830
• Long positions can be initiated
• Stop Below 1775 or 1675 for longer term target
• Higher targets could be around
o Short Term – 1981/2103
o Mid to Long Term – 2221/2340
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Good short term trade opportunity in ultratech cement Ultratech cement just broke the neck line of head and shoulder pattern on weekly chart. Currently it is retesting the neck line, after that it may rally upto 8140-8150 in short time. Keep an eye on the stock.
NIFTY Wave 3 on CardsNSE:NIFTY seems to be heading in 3rd wave.
Abv 18720 it can zoom to 18800 and higher to new highs.
MINDACORP: Inverse H&S BreakoutInverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy on cmp add on dips , keeping SL of 200 look for the measured target of 240-245 region.
PETRONET INVERTED H&SPetronet making inverted head & shoulder pattern on daily time frame and have more than 75% delivery on last trading session that is 2 dec.
Do not enter before 215 level
follow risk management and price action, trade as per your setup.
Inverse Head and shoulder PatternRELIANCE INDUSTRIES - 4 Hour Timeframe.
Reliance industries forming inverse head and shoulder pattern, in 4 hour timeframe.
but this pattern needs to take a retest at nearest support area which is at 2650. after taking support if stock creates strong bullish candle then it will be a good Long trade.
CANARA BANK - LONGCanara bank breaking out with a huge volume and entering an important zone to cross
IGL: Inverse H&SInverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy on cmp add on dips , keeping SL of 410 look for the measured target of 500-505 region
IEX 4HR SWING TRADE IEX formed inverse head and shoulder it's breakout and retest succesfully we can enter this trade
Entry : 147.80
Target : 163.30
SL : 143.50
Risk reward ratio : 1:3
NIFTYNSE:NIFTY ready to break out of Inverse HNS pattern.
Can set the bullish momentum once breaks out.
intraday, swing, short term, nifty50add this to your watchlist and wait.
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
Bpcl 4 hrs swing trade Bpcl formed head and shoulder in 4 hour time frame
It gives 1:5 risk reward ratio
If pattern breakout then take a swing trade or position trade
1:5
Do your own research
Thanks
IEX inverted head and shoulderPerfect inverted head and shoulder
Volumes high
Signs of trend reversal
Can bounce higher after a breakout of 148
Stay tunes!
HDFC Bank | Inverse H&S in formation | 35% upsideNSE:HDFCBANK
Inverse Head & Shoulder under formation whose BO neckline is at 1510
Triple Bottom on Weekly Chart made on multi-year support line
CMP @1450 is bouncing from Short Term EMAs. Upside from CMP ~35%
Based on Fibonacci Next Tgts : 1558 - 1720 - 1980
SL : 1260
Time Frame : 3 to 12 Months
For Learning Purpose
Chaukhambha_Charts
