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...
Lauruslabs has given a good breakout of trendline and horizontal resistance with volume.
Stock is looking strong for a reversal and can fly towards ATH if market supports.
Keep in watchlist.
Wockhardt is an age old Indian pharma company which has been in loss since few years.
Stock has bounced from strong support and also gave inverted head & shoulders breakout.
Stock is consolidating post breakout.Not my usual technofunda pick but a very attractive technical breakout. Please know that risk is more with such ideas.
Kalpataru power now known as Kalpataru Projects International Limited (KPIL) has given weekly breakout of inverted head and shoulder pattern. A similar pattern is seen in SBILife whose idea was shared earlier
This is a strong signal of big uptrend in the stock from the technical analysis perspective. Energy sector is looking bullish to support the uptrend.
One...
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...
KPIGREEN
ALL SET FOR BREAKOUT.....
cmp 880
Breakout Above 900
Targets 980 / 1030 / 1070 / 1100++
formation of Inverted head and shoulder pattern
good volume
at attracting numbers...
expecting a good breakout on this counter.....
Regards...
Keshav...
15/10/2023
A Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:NATCOPHARM
MACD already gave Positive crossover on Daily, weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
HIT THE ROCKET BUTTON IF YOU LIKE TO BOOST THE IDEA.
Risk...
Federal Bank
Time frame - Monthly
Study - Inverted Head and Shoulder Pattern, Also good volume ticks seen on monthly chart.
Daily Chart - Breakout given above 128
Fundamentals - Maximum profit gained all time high
Buy Range - 110-120
Target - 200 ++
SL - 82
This chart is for only educational purpose
Dr Reddy has given a huge weekly breakout from Inverted head and shoulders pattern.
This stock is a blind buy for investment considering the pharma rally expected for next few years. Add on dips is the best way to accumulate such investment stock.
The company has one of the best fundamentals as of date. Stock is available at PE of 20 and PEG of 0.52. the return...
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...
East india hotel has retested the breakout level of Inverted head and shoulders.
Above 240, stock can test 270, 300+ levels.SL is below 210 DCB
NIFTY is at a strong resistance of 19400. Any swing trade at this point is risky.
Idea shared for educational purposes.
Redington has been forming an inverted head and shoulder pattern from the past 2 years.
A weekly closing above 200 will confirm the breakout which will unlock huge targets for the stock.
This stock has nice fundamentals with a good dividend yield so one can consider this stock for long term investment as well.
Keep this stock in watchlist as the rejection in...
Shinny metal poised to rise. All it needs is a bullish breakout through the Neckline weekly chart.
1) Inverter head and Shoulder pattern - Weekly chart - Target indicated on the chart
2) Longer duration Cup and Shoulder - Weekly chart - higher target indicated on the chart
3) ADX > 25 and is rising trend - gaining momentum
4) The price in the local currency can...
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.
A Inverted Head & Shoulder Chart Pattern Breakout happened on the Daily Time frame of NSE:MUTHOOTCAP
Price Action supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
One can initiate the long trade as per the lavel mentioned on the chart
Stop loss will be on a...
As you can see from the chart provided, an inverted H/S pattern is currntly emerging on this share, as soon as it breaks the necklin(i.e. - 800-805 level) it will start a journy towards it,s all time High.
A good point for
entry - 805
Target - ALL time high (1250) or 1:3 RR (1180).
SL - 680 ( just below support @Daily TF)
N.B. - This is for education &...
LIC, the biggest IPO of Indian market history which was bearish since listing has finally showed the start of bullish move.
We have seen great rally in government run insurance companies like GICRE and NIACL.
LIC has given a breakout of inverted head and shoulders 2 weeks back.
Today, it has crossed its strong supply zone near 750.
We can see ATH levels in this...
