Paras defence is a stock from defence manufacturing sector. Stock has formed inverted head and shoulders pattern. Risky traders can enter before breakout for better risk reward. Stock will fly once the neckline is crossed. Decent stock for long term as defence sector is major beneficiary of India's Make in India program.
We have seen a massive bull run in most of Realty stocks like DLF, Oberoi, Godrejprop, etc. However, suntech has been consolidating in an inverted head and shoulders pattern for last few years. This is mainly due to poor sales numbers shown by the stock in past. 530-550 is a strong supply zone for the stock. Once we see a monthly closing above this, we can see...
This will remain as one of my most favourite idea if breakout goes successful. Trade logic: An inverted head and shoulder breakout is on the cards. The most exciting and unique observation from this chart is that a similar IHNS breakout happened in 2021. But the breakout failed. However, the stock again has created an inverted head and shoulder pattern with the...
SARLAPOLY (Sarla Performance) About the company Sarla Performance Fibers Limited is engaged in the manufacturing and export of polyester and nylon textured, twisted and dyed yarns, covered yarns, high tenacity yarns and sewing thread Weekly Chart Pattern Setup.. cmp 50.45 any dip upto 45 can be bought For targets🎯 55 / 57 / 60+ Above 60 it would...
Cipla has created inverted. Breakout zone above : 1515 support zone is at 1420 levels Pattern break out target is 1700. its a short term trade.
The analysis is done on Weekly TF hence price may take few weeks to several months in order to reach the targets. Trade setup is explained in image itself. Also look at the charts of its peers analysed in below link The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any...
Date- 15 March 2024 Time - 10 Am Points to be Noted- 1. As we can see, Avanti Feeds breakout from its long-term triangle formation with Inverted Head & Shoulder Chart Pattern with strong Volume Green Candle. 2. As supporting indicator MACD is showing Seller Exhaustion with decent bullish movement so far. 3. I know we are little late but one more...
Huge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for small retracement & daily candle to close above - "315" . . If you are interested in investment, go for it with proper risk, . . Overall " biocon" fundamentally good stock. . . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and...
Add this to watchlist and wait for entry.👁️🗨️ For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - " 110 ". Avoid Trade untill ENTRY level. . Entry: 110 target: 120- 144-150 sl: 102-95 major stoploss/ support: 94 . . Enter only if market Retrace and Breaks "Yellow box" mentioned. . . Don't...
Fundamentally good stock, Good for 1-3 weeks holding. For short term investment in cash market'. Leave a " Like If you agree ". 👍 . . Entry: 72 (daily should close above) target: 75- 85- 96 sl: 66.5 major stoploss / support: 63.40 . Enter only after breaking & close above " Yellow box" mentioned. Or else wait for some time. ' ' Don't make complicated...
Inverted H&S pattern on NSE:ABFRL looks good for breakout.
Divis labs is looking strong for a weekly breakout. A monthly closing above 4000 can bring good momentum in the stock. Pharma sector is bullish and we can see ATH levels in this stock soon
Several bullish patterns are seen in the the charts, Bullish hidden divergence on weekly basis, along with breakout from Inverted Head and shoulders, a W pattern formation. Once breakouts are done from these formation Nifty will try and touch 22900-23300-23800 levels very soon ! Support area is 22300-22125 level
Sansera has been consolidating at its ATH since past few months and has formed a beautiful inverted head and shoulders near the same. Once 1100 is broken DCB, we will see quick upside in the stock. Today, Q4 results are going to be announced, hence we might see gap up/gap down tomorrow. Only risky traders should enter today.
1. Set up: Reversal 2. Trade Idea: Inverted H& S 3. RR: 1:6.5+ 4. Strong closing is important
If you are a pattern breakout trader, you will definitely love this idea! Supriya life science has given a good breakout from inverted head and shoulders pattern and is looking strong for a reversal. Stock can test ATH levels soon and might give bigger targets in future. Stock should give weekly closing above 400 for confirmation. Safe traders must wait for...
CDSL has been in an amazing bull run since last 2 years because of the growing investment in Indian stock market. Stock has formed a beautiful inverted head and shoulders pattern near ATH. A breakout of the pattern will bring more bullishness in the stock. I would rather prefer adding on dips than having a close SL in such stocks.
In technical analysis, we examine historical data of an instrument to anticipate its future course of action. We all would agree that Price and volume are the primary and perhaps the purest form of data in technical analysis and that’s why some traders, including me, are always more inclined towards them. In this idea, I would like to share some of my observations...