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Invertedheadandshoulders

SANOFI - Multi year breakout setup - Swing/InvestmentThe analysis is done on Weekly TF hence price may take few weeks to several months in order to reach the targets. Trade setup is explained in image itself. Also look at the charts of its peers analysed in below link The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:SANOFILong
by TradewithAditya
Take a look: low risk; 35% ROI possible; don't missFundamentally good stock, Good for 1-3 weeks holding. For short term investment in cash market'. Leave a " Like If you agree ". 👍 . . Entry: 72 (daily should close above) target: 75- 85- 96 sl: 66.5 major stoploss / support: 63.40 . Enter only after breaking & close above " Yellow box" mentioned. Or else wait for some time. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Refer old ideas attached below
NSE:CENTRALBKLong
by TheNuraTrading
Sterlite Tech- Is it Going for Another Top..In technical analysis, we examine historical data of an instrument to anticipate its future course of action. We all would agree that Price and volume are the primary and perhaps the purest form of data in technical analysis and that’s why some traders, including me, are always more inclined towards them. In this idea, I would like to share some of my observations on Sterlite Tech. which just caught my attention due to the following reasons. 2018 TOP On the left side of the chart, we had a strong uptrend followed by a top formation. Calling it a double top won’t be a misnomer. Almost a yearlong formation and then a sharp breakdown. 2021 TOP The stock bottoms out in 2020 with an Inverted Head and Shoulders pattern and reverses up back into 2018 top. The stock spends almost 6months in this zone (300) and forms another top here in 2021. BREAKDOWN FAILURE On the right-hand side, we can see a huge consolidation (into the inverted H&S of 2020) from July2022 to Feb2024 and then a breakdown of support (128). But this breakdown could not hold, and the stock is now back above 128, indicating a breakdown failure. ANOTHER TOP Generally, we see a sharp rally after a breakdown failure. If that happens, the stock may rally for 2021 top (260 or so). As per timeline, the previous tops were formed in 2018 and 2021. We may expect another one with a 3years gap, that is by the end of 2024. However, we should never lower our guard and approach cautiously if the stock fails to sustain above 125 again. That would require another take on the stock. I hope you found this analysis useful. Do press 🚀 and comment for more such analysis in future.
NSE:STLTECHLong
by Bravetotrade
2
KPIL has power to fly high!Kalpataru power now known as Kalpataru Projects International Limited (KPIL) has given weekly breakout of inverted head and shoulder pattern. A similar pattern is seen in SBILife whose idea was shared earlier This is a strong signal of big uptrend in the stock from the technical analysis perspective. Energy sector is looking bullish to support the uptrend. One should have strict SL of below 600 weekly closing basis for targets of 1000+ as a positional trade. Idea shared only for educational purposes.
NSE:KPILLong
by chartistamey
Weekly Bullish Inverted Head & Shoulder BreakoutA Bullish Breakout of Flag and Pole pattern is visible on the Weekly chart of NSE:NATCOPHARM MACD already gave Positive crossover on Daily, weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. HIT THE ROCKET BUTTON IF YOU LIKE TO BOOST THE IDEA. Risk Disclaimer: The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
NSE:NATCOPHARMLong
by raigvivek
Dr Reddy-A large cap investment multibagger!Dr Reddy has given a huge weekly breakout from Inverted head and shoulders pattern. This stock is a blind buy for investment considering the pharma rally expected for next few years. Add on dips is the best way to accumulate such investment stock. The company has one of the best fundamentals as of date. Stock is available at PE of 20 and PEG of 0.52. the return ratios are above 20%. This stock has to be part of your portfolio if you prefer investing in large cap stocks. I had seen such pattern in Tata motors when the stock was trading around 440 few months back and now stock has almost doubled from that price. We can expect similar move in this stock but at a slower rate.
NSE:DRREDDYLong
by chartistamey
This stock can fly after breakout!Redington has been forming an inverted head and shoulder pattern from the past 2 years. A weekly closing above 200 will confirm the breakout which will unlock huge targets for the stock. This stock has nice fundamentals with a good dividend yield so one can consider this stock for long term investment as well. Keep this stock in watchlist as the rejection in previous week is due to dividend correction. Idea shared for educational purposes.
NSE:REDINGTONLong
by chartistamey
GOLD - On your Marks - Shine will RiseShinny metal poised to rise. All it needs is a bullish breakout through the Neckline weekly chart. 1) Inverter head and Shoulder pattern - Weekly chart - Target indicated on the chart 2) Longer duration Cup and Shoulder - Weekly chart - higher target indicated on the chart 3) ADX > 25 and is rising trend - gaining momentum 4) The price in the local currency can be worked out based on linearity ratio 5) Price higher than 50 DMA and rising. 50 DMA > 200 DMA This idea is for academic purpose and not a recommendation for Buy / Trade.
TVC:GOLDLong
by Darshan1971
5
Long Setup In MuthootA Inverted Head & Shoulder Chart Pattern Breakout happened on the Daily Time frame of NSE:MUTHOOTCAP Price Action supported by volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. One can initiate the long trade as per the lavel mentioned on the chart Stop loss will be on a Daily closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for Educational Purpose only.
NSE:MUTHOOTCAPLong
by raigvivek
Natco Pharma- A beautiful pattern mirroring!This will remain as one of my most favourite idea if breakout goes successful. Trade logic: An inverted head and shoulder breakout is on the cards. The most exciting and unique observation from this chart is that a similar IHNS breakout happened in 2021. But the breakout failed. However, the stock again has created an inverted head and shoulder pattern with the same neckline in a much lesser time compared to previous pattern. (4 years then vs 2.5 years now) Stock has cranked up its volume getting ready for a good breakout. Confirmation above 920. I wont be surprised if this stock breaches ATH levels if the breakout is successful. A good pharma stock from investment perspective as well. Keep in watchlist. Do like, comment and follow for such more ideas!
NSE:NATCOPHARMLong
by chartistamey
1
LIC can reach new highs now!LIC, the biggest IPO of Indian market history which was bearish since listing has finally showed the start of bullish move. We have seen great rally in government run insurance companies like GICRE and NIACL. LIC has given a breakout of inverted head and shoulders 2 weeks back. Today, it has crossed its strong supply zone near 750. We can see ATH levels in this stock soon and above that we can expect 1000+. Safe entry is near 730-750 with SL of 650. IDEA SHARED FOR EDUCATIONAL PURPOSES.
NSE:LICILong
by chartistamey
IBREALEST - Inverted Head & Shoulder breakout - Reversal setupThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. NOTE - Usually Price Shows reversal with help of certain setups - Inverted H&S, Cup & Handle, Wedge pattern & Ascending Triangle Pattern. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
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by TradewithAditya