NSE:NIFTY Took Support from 400 DMA & Support line and consolidate for 2 days. Big Bullish candle after a doji, indicating secondary trend reversal. Good time to accumulate positions.
Disclaimer : Market may obey or react according all matters, trade on your own risk.
PSUBNKBEES | Investment on ETF opportunity INHS pattern with good breakout above previous supply zone - Looks potential for 60%
CMP : 31 (Dip : 21)
SL : 25
Target : 45, 48
Since it is Index it could be a safe bet and low volatile.
Thanks to @Ananthan21 for bringing to notice :)
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Maruti Suzuki Ind : Positional Trading Setup
Maruti Inverted Head & Shoulder Breakout with good volume.
Trading above 50 DMA & Resistance Zone.
Looks bullish above 7600-7650
Keep Stop Loss below 7230
Possible Targets:
T1: 7900
T2: 8300
T3: 8650
T4 : 8950
Also, do check the below related ideas for other stocks 👇
Possibility 1:
As it seems to look like Inverted Head and Shoulder with Double Bottom. Why Double Bottom? As we can see consolidation after 12:15 PM, and ATR is also quite Weak. It might go down for previous Bottom of the chart. Then it will go up to test the Resistance 335.60 and come back to 335.60 and then will all power it'll break all the Resistance for the...
Short term Ascending triangle breakout and retest done (divergence confirmation) of the Inverted Head and Shoulder pattern.
Short term target is the breakout level of the Cup and Handle.
Above breakout level we would see higher targets in the long run.
The stock is over all riding a Rising Parallel Channel.
Inside that it has been consolidating in a Darvas Box from late 2020.
Inside that, it has formed an Inverted Head and Shoulder pattern to breakout from this consolidation.
Ride the Trend.
As you can see it has created a beautiful Inverted Head and Shoulder Pattern n.
The Rules are from the center of the head to center of the shoulder there should be at least 7 to 8 candles.
After creating the first shoulder, Price Touches the neckline let's take that point as A and the bottom of the head as Point B.
When finally after creating an inverted head and...
Coal India weekly chart shows inverted head and shoulders pattern. A weekly breakout is seen in the chart. The technical target is 180.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
VA TECH WABAG weekly chart shows Inverted head and shoulders and cup and handle pattern. Can buy at cmp with a stop loss of 203 or can buy once there is breakout for further up move. Can go long with a trailing stop loss for the technical target of 237.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on...
Sterlite Technologies Weekly chart shows Inverted Head and Shoulders pattern. There is breakout seen. Can buy at cmp with a stop loss of 171. Or can wait for some correction and buy in dips. Can go long with trailing stop loss for the technical target of 286.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based...
Endurance Technologies weekly chart shows inverted Head and shoulder pattern. Buy at cmp with a SL of 1149 or accumulate in dips. Can go long with trailing stop loss for the technical target of 1798.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like...
TATA Power weekly chart shows Inverted Head and shoulder pattern. Can buy in dips for the target of 96. Breakout is clearly visible. I bought at 58 during the inverted head and shoulder formation. I missed publishing this idea. I would suggest to wait for some correction or buy later if it comes at retesting zone.
Note: I am just a beginner. This chart is for...
RCF weekly chart shows inverted Head and shoulder pattern. Can buy once weekly closing is above 55 for up move i.e. wait for the breakout. Can buy at cmp and can accumulate in dips.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this...
BREAK OF PREVIOUS TOP AND POTENTIAL INVHNS IN MAKING, THIS CAN FLY ALONG WITH OTHERS IN THE POWER SPACE. TODAY CAN BE HIGHEST CLOSING AFTER SEPTEMBER 2019. LOOKS VERY BULLISH
