Inverted Head & Shoulder Chart Pattern
Vodafone Idea ( Daily timeframe )
Target is 20.9 (i.e. depth of the head when placed on expected breakout point of 13.85 on the neckline of inverted head & shoulder)
It has entered the 5th wave ( Elliott Wave Count)
MACD is in positive crossover state above the zero line of the histogram
Histogram has solid green bar...
Hi All,
I hope you are all doing good :)
While going through the sector charts, Auto seemed promising and I found a really strong chart in this sector - MARUTI.
It is the leading stock for the auto sector. Let us understand how it is setting up.
After making a high in Dec 2017, the stock started correcting. Formed a base in march 20(Covid fall) and started...
Its the weekly chart of IdeaVodafone . Patterns on weekly Charts are more reliable.
Entry if closes above 13.60
Stop Loss at 13.60
First Target 17.00
Second Target 19.00
For study purpose only
The stocks seem to be breaking out of an inverted head and shoulder pattern on weekly.
Daily may be breaking out a flag pattern after earlier consolidation.
The volumes are above moving average.The trend indicator is in dmi positive bull zones
on all timeframes and trend strength is seen rising on all timeframes.
Momentum also is bullish on all timeframes. With a...
The analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn...
Aster dm spot cmp 193
inverted head and should pattern breakout and retest
hidden bullish divergence on rsi
falling trendline breakout in rsi
major elliotwave impulse wave in formation
let see whats in store,, have mentioned roadmad will keep tracking
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of...
ALL MAJOR EMAS CONVERGENCE IS SEEN
Not expecting fast and furious ride but definitely slow and steady.
TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of...
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of...
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of...
The weekly charts for the stock shows an inverted head and shoulder pattern that ha clearly broken out.
Can u believe that it moved more than 41% . It also had taken out a major previous resistances since 2008 and 2018
while breaking out. The price momentum and trend indicators are bullish on every timeframe.
An entry could be made on daily retracement candles and...
1) Inverted Head & Shoulder pattern breakout.
2) Breakout accompanied with good volumes.
3) Momentum indicators looking good.
Nice stock to watch out for!!
