IDFC First Bank-Inverted Head & Shoulders PatternIDFC First Bank is forming an Inverted Head & Shoulders Pattern on 120 Mins Time Frame.
Initiate Long.
Target : 34
Stop Loss : 26
Invertedheadandshoulders
RBL Bank - Inverted Head & Shoulders Pattern RBL Bank has broken out from an Inverted Head & Shoulders Pattern.
Initiate Long.
Target : 220
Stop Loss : 169
MARICO LTDMARICO LTD:- BUY RANGE 350₹-375₹ for Target 400, 450++
Stop-loss:- 320₹ CLBS
Disclaimer:- Breakout with vol. accumulation seen in past days..
MARICO - Looks good The formation here is an inverted Head and Shoulder.
Consolidation near the shoulders on both ends.
The chart is self explanatory.
H&S : Strong reversal indicatorSBIN : close above 197 will lead to 245 levels
stop loss 178
target 245
FSL BOBreak out from INHS & Rising Wedge Pattern
Long entry possible
Might test 45/48/52 Levels
Just for learning purpose
SBIN - INVERTED HEAD AND SHOULDERS ??NSE:SBIN
WAIT FOR THE BREAKOUT...
CAN CAPTURE A GOOD UPMOVE
ONLY FOR EDUCATIONAL PURPOSE
Coal India Long Term Trend line Already Broken.
Inverted head and Shoulder Pattern Forming.
Wait for bReakout
Mindtree - Inverted H&S PtternMindtree is forming a possible inverted H&S Pattern.
Initiate Long.
Target : 944
Stop Loss : 914
Tech Mahindra - Possible Inverted Head and Shoulder PatternTech Mahindra is forming what appears to be an inverted Head and Shoulders pattern.
Initiate long in anticipation of its breakout.
Target : 580
Stop Loss : 495
CAN NIFTY RECLAIM 9500 ? In the 15 MTF, the index seems to be forming an IHS with positive divergence in MACD. A break above the CPZ mentioned can take the index to targets. The view does not hold if the index closes below 9260
POSITIONAL LONG IN BANKBARODA!!(DEC FUT)!!POSITIONAL LONG IN BANKBARODA
VIEW
-EARLY I HAVE MENTIONED IN MY OTHER POST THAT PSU ARE IN DEMAND
-STOCK IS BREAKING OUT OF ROUNDING BOTTOM AND INVERTED HEAD AND SHOULDER PATTERN
-FIRST IT WILL FIND RESISTANCE AT 200-DMA
-IF BREAKS WE ADD MORE
-IF FAILS WE BUY ON PULLACK TO 102-14 LEVELS FOR BIGGER TARGET
TRADE VIEW
DEC FUT
BUY@104.5
STOP@100
TARGET@110
LOT:4500
QTY:2
-THIS IS A MOMENTUM TRADE WE ARE WAITING FOR BREACH OF 200-DMA FOR POSITIONAL TRADE
USDJPY waits necline breakout of inverted H&SUSDJPY has formed a classic inverted head and shoulder pattern on a daily basis. The prices are trading very close to the neckline and we might see a breakout soon. furthermore, the weekly chart has formed a bullish engulfing pattern as well that supports the bullish argument. Like always, the price can take two paths, the first one is highlighted by the blue arrows - neckline breach (sustains on a daily basis) to reach the first target of 110.472. If the prices sustain above this level, it will go for the next 112.00 hurdle. If this happens, we will have 107.00 as the stop loss. The second path is shown by orange arrows with prices first testing the tip of the second shoulder and then taking a breakout from the neckline. Either way, prices are headed for the 112.00 and in both cases, we will enter only when the neckline is breached and sustained.
Inverted H&S, second shoulder still under creationThe price movement of the pair is forming an inverted head and shoulder pattern with the second shoulder in the midst of formation. We can enter a buy position from the current level with stop loss at the crest of the shoulder at 107.868 till the first target at 109.493 which is also the neckline. After the prices breach the neckline, TP 2 and Tp 3 will activate. As you can see the movement of the price can take two approaches. The first one is the price consistently moves above to Tp3 like the blue arrows show. Or the price can take the second route, where the price witness pullback after Tp2 is hit before it targets Tp3 as shown by the orange arrow.
Inverted H&S breakout likely: enter after 4H candle sustains.EURCAD is trading close to the neckline of the head and shoulder pattern on the 4H chart. As soon as we get a single 4h close above the neckline, we enter a buy trade with stop loss at 1.45501 which is the approx depth of the shoulder. The up move in the pair is also supported by the daily candlestick pattern that formed a bullish engulfing pattern two days back. Now for the targets, the first one is at 1.47671 and the second is at 1.48350. The path of the price can be either blue – blue arrow (straight upwards) or Blue – orange – orange – orange arrow (a little consolidation after the accomplishment of first target). Either way, we are aiming for the 1.48350 level.
Buy USDJPY : Inverted head and shoulder breakout USDJPY registered a breakout from the neckline of the inverted head and shoulder pattern on 4h chart. The prices are already close to achieving the first target of 107.274. A hold above this level, next target will be at 108.014. On the other hand, 106.497 and 106.115 are the support levels. Either of which can be the stop loss for the trade. So choose depending upon the risk you want to take.
Buy Tata ElxsiLooks like Tata Elxsi making an Inverted Head And Shoulders Pattern on hourly chart. Looking for strong reversal after close above 64o-45 levels.
