BHARAT FORGE CAN ROSE ABOVE 572 Resistance It broke 2 YEAR OLD TRENDLINE & RETESTED DONE,
It, also broke INVERTED HEAD & SHOULDER NECK-LINE.
If Resistance Breaks, Then Next Possible Target Is 670 !
NOTE: THIS ANALYSIS BASED ON 1 WEEK TIME FRAME)
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only !
Invertedheadandshoulders
MAYURUNIQ | Inverted Head and Shoulder PatternMAYURUNIQ has formed an inverted Head and shoulder pattern on the daily TF. Upon breakout, it is likely to test 440-450 levels. As long as NIFTY holds up, this target should be achieved in the coming weeks.
Was interested in this stock for one other reason: Buyback. The company has a buyback program open till 11NOV21, at Rs.400 a share. As of 06JAN21, the stock is trading at ~313.
Preparing for a good long rallyEducational Purpose Only
Increasing Volume
Inverted Head and Shoulder
Price at Strong Resistance level
keep an eye on the resistance level, high chances to achieve the given targets. BEL will be an important stock to keep an eye on with the Indo-China issue and VocalforLocal going on.
BSE LTD inverted H&S BreakoutBSE has given inverted H&S neckline breakout on weekly basis with good volume and it consolidating between 600-640.
Upto 580 levels, this can be added.
RSI is at 70 levels on weekly chart.
RSI is at 62 on daily scale indicating bullishness.
Stock is consolidating at higher levels.
Eris : good for buying if sustained above 580Eris is showing strength even after massive sell in nifty (21 Dec 2020)
Broken weekly tf trendline and sustaining above 200 dma
Forming inverted head and shoulder
a good buy can be initiated above 580 with Sl 535 for the target 665
Disclaimer : This analysis only for education purpose
Endurance Technologies - Inverted Head and shoulder patternEndurance Technologies weekly chart shows inverted Head and shoulder pattern. Buy at cmp with a SL of 1149 or accumulate in dips. Can go long with trailing stop loss for the technical target of 1798.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
Time and tested levels for BEL - can it move again?BEL is approaching very strong weekly resistance again. Crossing above it has given very good move in the past. Also formed an inverted head & shoulder pattern at resistance level. Can be good for long if close and sustains above this hurdle. The height of inverse head is Almost similar to the required points to achieve ATH levels. For educational purpose.
TATA Power - Inverted Head and Shoulder patternTATA Power weekly chart shows Inverted Head and shoulder pattern. Can buy in dips for the target of 96. Breakout is clearly visible. I bought at 58 during the inverted head and shoulder formation. I missed publishing this idea. I would suggest to wait for some correction or buy later if it comes at retesting zone.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
Rashtriya Chemicals & Fertilizers Ltd(RCF)-Inverted H&SRCF weekly chart shows inverted Head and shoulder pattern. Can buy once weekly closing is above 55 for up move i.e. wait for the breakout. Can buy at cmp and can accumulate in dips.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
BSE - Inverted Head and Shoulder breakoutBSE weekly chart shows inverted head and shoulder pattern. Breakout is seen in the chart. There is high volume too. I would not suggest wait for some correction for buying. You can also accumulate in dips. Can go long with trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
Bharat Forge - Inverted Head and Shoulder patternBharat Forge daily chart shows Inverted head and shoulder pattern. Can buy at cmp with SL of 518 or can buy in dips. Can go long with trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
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.