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Invertedheadandshoulders

ASPINWALL - Explained my thought process💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲 🔰Storytime : This stock from 28dec till 20 may create a good channel pattern, which was contracting and consolidating. With a BO on 4 march of inverted HnS or triangle pattern, anything is ok. gave 30% in 2 days. Means stock BO is a mover fast one :) just have to catch them. On 15 march stock came back to its original channel coz of breakdown and again respected the channels support line on 19 march + a good pin bar on 6 May = bullish. On 12 May the stock tried to Break the pattern again but gave a super bearish hammer. So basically it does not want to go down either up = range bounded. on 20 may the stock again pop out of the channel and finally ready to go up, but the candle is again indecisive. To date, the stock is above that channel contraction pattern = good support now from those levels. Also on 16th June, it gave a good BO but still a rising resistance trendline is there to hold it back, if in some days including today it breaks this line (the yellow one) amazing north move. 🔰 {Some info about me} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:ASPINWALLLong
by Averoy_Apoorv_Analysis
6
GODREJ CONSUMER PRODUCTS LONGA clear Inverted Head and Shoulders pattern can be seen on the weekly charts, indicating bullishness. A breakout of the Inverted H&S pattern is seen. Further, a breakout of the 2 year long resistance point accompanied with a retrace is seen. (OPEN THE CHART FOR DETAILED VIEW) LEVELS: Entry: CMP (860-861) Target 1: 918 Target 2: 972 STOP LOSS: 802 (Closing basis) TRAIL STOP LOSS Risk-Reward Ratio FAVORABLE RSI a bit high but ain't a problem, can be a sign of good momentum Breakout sustained Perfect retrace MACD bullish Volumes Check I would recommend a long swing trade on Godrej consumer Products Thanks FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT IT!!!
NSE:GODREJCPLong
by Keshav2329
GUJARAT PIPAVAV PORTS LONGHere is the weekly charts of Gujarat Pipavav Ports. (OPEN CHART FOR DETAILED VIEW) Firstly, a historical crucial zone (117-112) is again in action. The price today crossed this zone but wasn't able to sustain above this 7 year old zone, and came back to the purple area. Here the volumes are very high, THIS MEANS THAT THE STOCK CAN GIVE A GOOD BREAKOUT. Secondly, an inverted head and shoulders kind of pattern can be seen on the weekly charts. This is followed by a breakout of the pattern line. These two major points shows bullishness in stock, but what mat create worry among traders at this point is the non-sustainment of the price above the crucial zone. Hence, this gives us two cases: Risk averse traders are advised to take entry above 122 (sustainment) Risk takers may take entry here LEVELS Entry: Above 122 for risk averse; CMP for Risk takers Target 1: 132 Target 2: 156 Target 3: 172 STOP LOSS: 108 TRAIL STOP LOSS RSI: Shows momentum Volumes: What else do we need MACD: Bullish Risk-Reward Ratio FAVORABLE I would recommend going long on Gujarat Pipavav Ports (with prescribed levels) for a swing trade FOLLOW IF YOU LIKE THE ANALYSIS... LIKE AND COMMENT WHAT YOU THINK ABOUT IT... THANKS!
NSE:GPPLLong
by Keshav2329
3
Trading the Head & Shoulders - Normal and InvertedThis Exide Industries Chart is a perfect example of a Head & Shoulders pattern moving into an Inverted Head & Shoulders pattern. In the H&S pattern, the neckline forms a crucial support level, whereas in an Inverted H&S, the Neckline forms crucial resistance. In this particular pattern, volumes have increased during formation of the Head & Right Shoulder in the Inverted H&S, thereby giving an opportunity to buy if the resistance level is broken out of.
NSE:EXIDEINDEducation
by Wolf-AD7
1
MOIL LONG On the daily charts of MOIL Ltd. a simple Inverted Head Shoulders pattern can be seen!! This is followed by a perfect breakout and then a perfect retrace too!!! Plus, this breakout is also the breakout of 5 year old resistance line!! (OPEN THE CHART FOR DETAILED VIEW) LEVELS: Entry: CMP (183) Target 1: 213 Target 2: 238 Target 3: 250-252 STOP LOSS: 173 TRAIL STOP LOSS RSI showing Momentum MACD bullish I would recommend going long on MOIL Ltd. for a swing trade FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT YOUR VIEWS ON THIS!!
NSE:MOILLong
by Keshav2329
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