Heromotoco looks good heromoto broke its resistance zone in todays session. Some profit booking came due to the war news but still looks good.
Invertedheadandshoulders
Inverted Head&shoulders Deepak nitriteDeepak Nitrite is forming inverter Head&shoulders .According to pattern
Target1 :2530-2565
Target2 :2730-2750
100EMA:2250
200EMA:2010
Can this be a MULTIBAGGER?Monthly Chart:
Weekly Chart:
Daily Chart:
I hope the charts are clear enough for you to understand...If not then you can ask me in the comments below
Follow me for more such analysis ahead
Till then,
HAPPY TRADING :)
Redington approaching breakout
A clear strength once it breaks 180.
Although have position at avg of 150.
Avg up my portfolio qty today at 173.5
Long term stock.!!!
#vr
ANDHSUGAR - Inverted H & SNSE:ANDHRSUGAR
ANDHSUGAR - Inverted H & S
View : Bullish for long term
Long above Neckline of 125 as support
Pattern = Inverted Head and Shoulder indicates Reversal
Breakout = Multiyear breakout - Strong Breakout after 1428 days or 204 weeks
Retest 125 level and touched another support at 113.
All time high breakout expected in near time 145.30
CMP 135.45 Target 145 - 170 - 200 - 225 in 5 Year
KTKBANK | INHS + Channel - Looks good for 18-20%KTKBANK | INHS + Channel - Looks good for 18-20%
CMP : 68
SL : 63
Target : 78, 81
1:3+ risk reward setup
Attached weekly chart in the comment section for channel
COROMANDEL - Inverted Head & Shoulder - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks 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 from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Multi year breakout with Head&Shoulders pattern in CANARA BANK Looks like CANARA BANK is going to give multi year trendline breakout(2010-2017-2022). It also formed inverted head and shoulders pattern. Banks are also posting good results , if budget(01-02-2022) is positive we can see breakout soon.
Target according Head and shoulders length
Target1 : 251
Target2 :261
MACD : Positive
Vardhman Special Steels VSSL- Inverted Head and ShouldersVSSL is forming an inverted Head and Shoulders. Buy for a target of 305-307.
MASTEK GOING TO HIT AGAIN 3200 SOONOn the weekly chart, Share after hitting 3400 level on a closing basis drop down to its support level from which last time it rally. From the chart, it's clear that it makes inverted head and shoulder near 3000 and if it holds support level at 2800 then.
For short term target is 3200 from the current level
For Long term target is 3400 in 6 to 9 months.
SBIN AnalysisThe chart of the State Bank of India is making higher highs and higher lows for a year now and recently we can observe an inverted head and shoulders pattern, yet closing above Rs 537.55 with good volumes will give a potential buy chance for swing position. Recently we have seen a rally in PSU banks like CAN Bank, BOB Bank, PNB Bank thus this also becomes a potential buy situation. This information is for learning purposes, do share your thoughts.
Sharda Cropchem - Inverted Head and ShoulderS\ NSE:SHARDACROP
Time frame Weekly
Pattern: Inverted Head and Shoulder.
Buy order initiated at 374.00
stop loss : 364
Target 400 ++
INFOSYS INTRADAT TRADEAs we can see inverted head and shoulder formation on 15min frame + price is on high volume area we can go long above 50ema and will go short only if it break's previous day's low. Targets are mentioned in the chart itself.
PNB for LongPNB Inverted head & shoulder pattern formed in 1D time frame. For educational purpose only.
MARUTI ANALYSISAs we can se double inverted head and shoulder formation in MARUTI on weekly frame. we cam go long by keeping our sl just below the breakout candle around 7800. Targets are mentioned in the chart itselF.
#marutisuzuki bank potential weekly inverted H&S breakout#marutisuzuki bank potential weekly inverted H&S breakout
This auto sector major potentially is breaking out of a inverted head and shoulder patter on weekly charts
The sector is one among strongest in the market as of now.
The momentum also is bullish on all timeframes alone with and ADX trend indication of rising strength.
The current multi year resistance from where price has broken out of had given stiff block on price several times
And therefore probability is more of sustaining it with a green close above it.
9988 would be next resistance zone and if the pattern works out well targets could be lot more than that.
Given the volatile market conditions keep tight stop loss below the neck line for swing or positional trades.
PREMEXPLN - Bullish Head & Shoulder Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few 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 from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Bank nifty good long candidateBank nifty spot 37575
sgx nifty indicating gap down of 200 points
looks good to go long as per chart study shared,,
long can be initiated
let see if index follow the same route map as mentioned..
Cholahldng - Cholamandal Finance Inverted head and shoulderNSE:CHOLAHLDNG
Cholahldng - Daily Chart
Pattern : Inverted Head and Shoulder (Incomplete)
View: Bullish for long term
Neckline : 710.00
CMP : 690.40
Buy: 701 (50%) - 711 (50%)
Stop loss: 663
Short term Target : 740 - 760
Long term Target : 760 - 860 - 1000 - 1200
M&MFIN | INHS Pattern - Looks good for 20%M&MFIN | INHS Pattern - Looks good for 20%
CMP : 158
SL : 150
Target : 190
1:4 risk reward setup
Inverted Head and Shoulder in Delta CorpThe price has formed an inverted head and shoulder pattern on daily charts and Targets are maked which could be achieved if price breaks 310+ level which has been a hurdle and has been tested a couple of times. If a successfull breakout happens based on the said pattern thn price could aim for 350 + and 400+ levels.
RUPA - Weekly Inverted Head and ShoulderRUPA Weekly :
Pattern : Head and Shoulder Pattern (Inverted) - Possible Reversal
Necline: Blue Trendline
Buying zone : Blue and Red Trendline
Breakout level : 590.
Important level to accumulate above : 555.00
Currnelty Trading on Neckline of Pattern
Bought at 515 Stop loss 489.00 - Use 30% of capital
Buy at 550 - use 35 % of capital
Buy at 570- use remaining 35% of capital.
View : Long after breakout of 589.95
Short term Target : 10 %
Long term target : 100 %
