TATA POWER , 1D, INVERTED HEAD & SHOULDERTATA POWER ,1D showing inverted head & shoulder pattern.
Long only above Level 64.
All the levels are marked on the chart.
Correction may happen in the market, so price may retrace max. till the yellow line and may take support there.
PS: all analysis are for education purpose only.
Invertedheadandshoulders
GODREJCP AnalysisStrong possibility of the strong up move, GODREJCP has formed an inverted H&S pattern and trading above 200 EMA line.
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After showing a strong rejection from upper levels there might be a possibility of buyers accumulation for 2-3 days given that positive momentum in nifty sustains and soon there will be a breakout soon.
Bandhan bank : Inverted H&S breakout retestingIHNS Breakout and retesting
Formed Bullish engulfing at neckline
above 200 dma
If sustains above 346 First hurdle around 365
if crosses that target is 400
(as per HNS as well)
SL 320
Sustainance above 345 is very imp as per fibo golden ratio
Note : This idea is only for learning purpose.
Is It Right Time To Go With HFDC Life Insurance Ltd.?Technical Overview (Weekly Chart): On a weekly chart picture is clear, the stock price has made a lifetime high around 650 and fallen from the same levels trice. However, if we see a sequence of falls and rise, then it is clearly showing 85% completion of Inverted Head and Shoulder. Right now the second shoulder is not completed, but it is indicating rally till lifetime high. Major bullish chart pattern on a large time frame, it is a good sign of long term.
Daily Chart: Now come to the small picture and price is trading in a down channel. It is trading below the 20 & 50 DMA and many times resisted from the same levels. Today price has crossed and closed above both DMA, and volume is good. If we see the line chart then the stock has made Double Bottom and now ready for a breakout. Once it breaks the previous Lower High, then the trend will change and there is one small hurdle around 610 between lifetime high.
Fundamentals:
The company is providing life insurance and due to COVID-19 demand has increased. The company is virtually debt-free and expecting good quarterly results. The return on equity is around 20%.
Trade with no worries on nifty with the help of this Idea :)hello guys :)
another idea for making you profit :)
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Ok so let's move to the topic:-
As you can check the fib levels they are acting as support/resistance,they really provide a lot for the trade :)
Nifty is almost there to the highest resistance.there are also bullish patterns that nifty formed and they are:
ascending triangle,Inverted H&S and bullish flag formation.
H&S patterns really work on nifty,and the pattern formed now :)
nifty can go in a strong uptrend if it breaks the highest fib resistance of 1.618.
And you should really beware of that resistance.because it can pull nifty down so it will be a safer buy if you buy when nifty breaks it.
Other information of how and when to take the trade is given in the chart.
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SRTRANSFIN Bullish BiasCan be bought at CMP or if it retraces till 680 levels
Target 780/800
Stop loss 630
GIPCL stock showing bullish move in coming days-best entry time?hello guys! New profitable Idea for you all!
Yes.it's the best entry time at 70.5 because the stock seems to be in overbought zone. TGT for this stock is 85.And holding duration is 1 month.
fundamental results are very good for this stock.the company is growing it's business and earnings.
As the stock was showing certain patterns in the downtrend.
such as triangle patterns,Parallel channel break,etc.
but there was no breakout in any pattern.breakdown was only shown.
And there's also a 1 month old trend line which the stock needs to break for confirm uptrend.
And the stock really did it now with inverted H&S helping it to break!
actually the stock breaked the trend line and we are now waiting for more upside in coming days
Ok....so now I wanted to say is that we should enter in this stock for good profit in your portfolio :)
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IBULHSGFIN LONG, 20% in 15 days, Inverted HEAD and ShoulderEntry:- 224
Target:- 300
trade time 15 - 30 days
Long position.
Inverted Head AND Shoulder pattern.
IOC - BULLISH - INVERTED HEAD & SHOULDERS PATTERNPlease use these entries as breakout points. And Do not trade when a gap up or down occures.
Entry : 83.50
Target : Trailing Stop loss
Stop loss : 83
This is not a recommendation. This is for educational purpose only.
Consider all risks possible with stock market.
Thank you
Have a nice day
Happy Trading!!
Balkrishna industries: AnalysisKeep an eye on balkrishna industries as it is has broken inverted H&S pattern + it is at the crucial zone of support in daily time frame.
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Reason to Buy:
1) Formation of inverted H&S pattern.
2) Taking support at crucial support zone in daily time frame.
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Next Safe buying spot would be at 1287.00 levels. Stop loss should be at 1246.15 levels.
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Take trade by considering RR ratio in mind. Wait for retracement.
Watchout for UBL!!UBL chart showed an inverted Head and Shoulder pattern with a straight neckline at its resistance zone. There was also the formation of Cup and Handle Pattern. Both these patterns are bullish patterns. On 2nd Sept the charts broke out of the patterns with Ultra High Volumes. The stock had a swing and is again trading near its resistance zone. This can be a strong buying position for positional trading