Get started

Invertedheadandshoulders

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.
NSE:SUNTECKLong
by TradewithAditya
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.
NSE:GMBREWLong
by TradewithAditya
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
NSE:BIOCON
by Dhiraj_Ahuja
6
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
NSE:IDEA
by Dhiraj_Ahuja
2
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
NSE:BAJFINANCE
by Dhiraj_Ahuja
HDFC Bank (Hourly) - Inverted Head & Shoulders Chart Pattern HDFC Bank (Hourly) Chart Pattern - Inverted Head & Shoulders Target - 1610 (Depth of the head) Seems to have retested the neckline after the breakout Has entered the 3rd wave in hourly and 5th wave in daily RSI is above 60 and the stochastic 14,3,3 is in positive crossover Bollinger band is challenged on the upper end +DI is above the -DI in Directional Movement Index (DMI) with ADX above 15 All indicators / oscillators are positive in hourly and daily time frame On weekly timeframe, thought the MACD is downtick but we have an early buy signal of stochastic 5,3,3 being in positive crossover
NSE:HDFCBANK
by Dhiraj_Ahuja
6
MARUTI- BEARISH REVERSAL PATTERNHi 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 rising. Now, this rise becomes more promising as it is being formed in a typical reversal chart pattern i.e inverted head and shoulders, which is one of the strongest reversal patterns. For such patterns, STOP LOSS is generally kept at the bottom of the right shoulder. How did I come up with the TARGET? Simple , calculate the distance between the neckline to the bottom of the head and mark it above the neckline. A promising break above the neckline (green horizontal line) may give us the target as mentioned in the chart. Do note and duly keep in mind that this is a weekly chart and hence the trade could take many weeks to reach near it's pattern target. If we do not want to wait that long, we can keep our target at 9500 (previous swing high) which will also give a good R:R of 1:2 as per the stop loss mentioned in the chart. I would request you all to study this pattern a bit, just google inverted head and shoulders pattern and a 10 min read about the same will give you a lot of understanding of this reversal pattern. Then, you can define an entry and exit for yourself and as per your money management. I am always open to any doubts, suggestions, feedback. You can comment or message me:) Let's learn and earn together, Cheers!
NSE:MARUTILong
by Ankit_Oberoi
2