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Invertedheadandshoulders

NRB Bearing - 1.5yr Head and ShouldersGood amount of accumulation seen over the past 1 year. Corrected on low volumes, rose on increasing volumes. The stock is showing strength with the RS crossover. Shot up post earnings, can go much higher on follow through volumes. Auto and Realty Sector might outperform. Moving along with sector. 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 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better. SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:NRBBEARINGLong
by raavigeorgian
4
EXCEL INDUSTRIES LONGChart is pretty clear and straight here. A simple Inverted Head and Shoulder formation can be seen on the weekly charts of Excel Industries. Further, a good breakout is seen with good volumes and sustainability above the resistance point. In addition, a perfect retrace is seen and buying pressure can be seen in the last candle. The last candle tested the 'resistance turned support' level and from there buying pressure is seen!! Moreover, a breakout and retrace is visible from the recent consolidation. (OPEN THE CHART FOR DETAILED VIEW). LEVELS ENTRY: CMP (1082) Target 1: 1275 (Book 25%) Target 2: 1442 (Book another 25%) Target 3: 1605 (Book another 25%) Target 4: 1755-1760 (Book full profits) STOP LOSS: 960 *TRAIL STOP LOSS* MACD bullish Volumes check RSI a bit high but shows momentum Risk-Reward ratio FAVORABLE I would recommend a long swing trade on EXCEL INDS Thanks FOLLOW IF YOU LIKE THE ANALYSIS...
NSE:EXCELINDUSLong
by Keshav2329
2
LIC HOUSING FINANCE LONGAn inverted Head and Shoulder pattern can be seen on the weekly charts of LIC HOUSING FIN. A long trade can be taken if it breaks the line and sustains. (OPEN CHART FOR DETAILED VIEW) I would suggest a long swing trade with following levels. Entry: Around 480 on closing basis Target 1: 515-517 Target 2: 550-553 (Weak target, can be broken easily) Target 3: 585 Target 4: 628-630 Stop Loss: 455 TRAIL STOP LOSS MACD BULLISH VOLUMES CHECK Thanks FOLLOW IF YOU LIKE IT
NSE:LICHSGFINLong
by Keshav2329
NIFTY PSU BANK INDEX - Very Bullish The index is forming an Inverted Head and Shoulder Pattern. Just broke out of the Downward Channel resistance this week. In about 2-3 years the index should reach its target of 4340 but before that happens its intermediate targets will be met. Between 2660 and 3360 there could be some consolidation going forward. Immediate short term - MACD crossover should give this space some momentum. My Fav picks from the index include SBI, BOB, PNB, Indian Bank, Central Bank & Canara Bank.
NSE:CNXPSUBANKLong
by CannySunny
9
Tide Water Oil (Veedol) 2yr Head and Shoulder / 1yr Rectangle BOMoving along with sector. 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 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better. SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. For educational purposes only.
NSE:VEEDOLLong
by raavigeorgian
4
Dhunseri Tea - 3yr Head and Shoulder Breakout RetestThe Tea/Coffee sector is on the upmove. Moving along with sector. 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 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better. SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. For educational purposes only.
NSE:DTILLong
by raavigeorgian
5
SHIVATEX - 2.5yr Head and Shoulder BreakoutSuggested by @ravihit957 Closed on the high in a down week. 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 20MA on Hourly chart (on a daily close basis). BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better. SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: For educational purposes only. I reserve the right to be wrong.
NSE:SHIVATEXLong
by raavigeorgian
4