Invertedheadandshoulders
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 %
HERITAGE FOOD - Swing Trade - Retest StructureThe 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.
HERANBA can rise from current levels?HERANBA has given a break out from the Inverted Head and Shoulder pattern after being in a downtrend for almost three months. It can reach the 740 and 770 levels if the pattern succeeds.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading
SUNTECK - Inverted H&S pattern 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.
PRIVI is ready for a ride ?Privi is breaking out of the resistance zone, and it broke out from the Inverted head and shoulder pattern as well. 2250, 2400 levels might act as resistance zones based on the pattern.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading
WHIRLPOOL - Hammer/Morning star has formed (12/27)WHIRLPOOL has formed hammer today, if the price moves up then the formation of Head for inverted H&S should form and the price might move up again.
+Deliver is 35.76%
+RSI is weak but if there is a strength in next two days in RSI the price should move up to complete the formation of Head.
GMBREW - Bullish H&S + Bullish Engulfing pattern - 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.
Biocon (Daily) - Inverted Head & Shoulders Chart Pattern Biocon (Daily)
Inverted Head & Shoulders Chart Pattern
Currently the price seems to be in the last leg of the 2nd wave
May enter the 3rd wave shortly and do the breakout of the neckline of the Inverted Head & Shoulders chart pattern being formed
We'd actually be bottom fishing the 3rd wave in this case or the right shoulder of the Inverted Head & Shoulders chart pattern
Once 2nd wave is completed and the bullish reversal comes, you can calculate the target for the 3rd wave using the Trend-based Fib tool (1.6 x when you click from starting point to top of 1st wave and then on the bottom most point of 2nd wave)
Or you can simply take the depth of the head as the target
On weekly tide, there is a buy confirmation in place
Inverted head and shoulder pattern formation in modi naturalsJust a very simple trade to make quick money. Co. has market cap of approx. 250 cr now they have just announced the expansion of 250 cr that too in the very promising ethonal plant...which has lot of govt. support as a industry.... so its a clear cut techno + Funda call trade to make quick money.
Inverted Head & Shoulder Chart Pattern - Vodafone Idea (Daily) 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 formations
RSI is above 60 and Stochastic (14,3,3) is in positive crossover state too
+DI is above the -DI in the Directional Movement Index (DMI)
ADX is well above 15 (indicating momentum speed)
On the weekly tide chart too, all indicators/oscillators are favourable
Subex (Daily) - Inverted Head & Shoulder Chart PatternSubex (Daily) - Inverted Head & Shoulders Chart Pattern Formation
Target - Generally you can take the depth of the head
But the first conservative target would be 70.2
Seems to be in 3rd wave on the daily timeframe
RSI is above 60
Stochastic 14,3,3 is in positive crossover
+DI is above -DI and ADX is above 15 in the Directional Movement Index (DMI)
Seems to be forming cup and handle chart pattern on the monthly time frame
Bajaj Finance (Hourly) - Inverted Head & Shoulders Chart PatternBajaj Finance (Hourly) - Inverted Head & Shoulders
Current market price - 7360
Target - 7813.20 (depth of the head)
Price has done breakout of the inverted head & shoulders chart pattern neckline
Bollinger band is challenged on the upper end
RSI is above 60
ADX is above 15 and -DI is above +DI in the Directional Movement Index (DMI)
All indicators / oscillators on the daily tide look good too
In fact, on the daily timeframe, the price has entered the 5th wave