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.
Invertedheadandshoulders
Maruti | Inverted Head & ShoulderInverted Head & Shoulder pattern observed in Maruti. Pattern is confirmed as price has broken above 6045. Pattern suggests a target of 6190.
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West Coast Paper Mills - Good Quality stock at fair valuationSeems like it has formed inverted head and shoulder pattern.
PNB : Trade again on inverted H &SPNB had given breakout from the inverted H&S with high volumes. Target of the breakout was 112 but counter retraced from 100 and again cam back to 87 level. Counter should take support around 84 which is 38.2% retracement of entire rally from 58 to 100. After 84 , next support comes at 80-81 range which is also a support of neckline. As counter drifted down from 100 to 87, volume has also come down simultaneously. Traders ,who had created long around 80-81, might have booked profit at psychological resistance level of 100 but the investors who had bought at long term support zone of 60-65 might be waiting for counter to complete full circle.As higher top higher bottom structure is still valid, short term investors can look to buy 50% at 85 and rest 50% at 81 with stop loss below 74 for target 112.
Breaking out - Cup & Handle | Inverse H&SChart pattern:-
Infy took 8 months to complete the Cup and Handle Formation. If you observe closely, it has formed intermediate Head and Shoulders especially in the Handle portion.
Positive indications :-
- Closed above the resistance - 760 levels.
- RSI and MACD showing good strength.
- Long buildups observed in this counter regularly
Conclusion:-
An increase in volumes is needed for the breakout. If sustains above the current level it can give a good rally up to the 900 levels in coming months.
However, tread with caution as price is sliding on to the upper end of the bollinger band which may cause a minor dip before the rally. 730-740 could be the lower levels to watch out for.
This is a just beginner’s analysis. Please feel free to share your thoughts regarding this. Thanks for reading!
Falling Wedge Breakout : Bullish Continuation : 1: 4 Risk RewardLong Hindunilvr above 1713
Stop-loss Below 1692.50
Target 1795 ( Target Set as 1: 4 RR )
Other confluence.
1) Price Stopped at 50% Re. of Previous Swing.
2) ABC Correction - zig zag - Price Stopped at 1.272 Extension of Wave C
3) Inverted Head & Shoulder in Lower Time Frame of 60Min.
Balkrishna Ind_Inverted head and shoulder_BullishInverted Head and Shoulder. Breakout is already given however Hrly candles not supportive. If it breaks this resistance then good profit.
RECL IHNSCheck chart for details,
Disclaimer: Not responsible for your loss, consult your financial adviser before taking any positions
Possible Inv H&S Pattern in NiftyOne Can Buy Nifty above Day High.... Below day Low this Pattern In validated
SWING TRADE IN TECHM AUG (FUT)SWING TRADE IN TECHM
INVERTED HEAD AND SHOULDER PATTERN IN TECHM
aAUGUST FUTURES
BUY@693.5
STOP@685.5
TARGET@708.5
LOT:1200
QTY:1
NIFTY: CRUCIAL Juncture Some FACT & View from Various Aspect.Detailed mentioned on Chart.
TAG: Head & Shoulder, Inverted H & S, AB=CD, Trend Lines,
Disclaimer: Take this information as study/education purpose only.
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Inverted H&S: Right At The Top in BioconThe long trades could be initiated above the neckline of this inverted pattern.
Hope this idea will help some traders for better trade planning.
Do hit the like button and comment if necessary.
Regards
Bravetotrade
ICICIPRULI ::change of trend with inverse H&S may see 450 levelsNSE:ICICIPRULI was in a falling wedge pattern from which it has a convincing breakout on 19/12/17 and also a throwback to the falling wedge pattern found support on 2/1/18. Now a valid ( with break of neckline ) inverted Head & Shoulders pattern has been formed today 8/1/18. Inv H&S is a very strong reversal pattern and as per measured move the immediate target would be 440-450 levels.
Longs can be initiated at current levels or better around 400-405 levels with a stoploss below 392.
Also price is trading above all the three 20,50 and 200 ema and are all pointing upwards suggesting uptrend.
jppower looks bullish in medium to long term. in longer time frame, it was in long term downtrend, then inverted Head and Shoulder formed in weekly, breakout done with good volume, after a pullback, it reversed and moving up now.
sl - 5, tgt1 - 8.3, tgt2 - 9.3.
Also there is a good probability for round bottom, after the formation on Inv H&S(classic reversal pattern) at the bottom.
tgts for round bottom - 14, 20, 26. (it is strictly long term tgts).
Crude Oil BUY setupCrude Oil has formed inverted head and shoulders a breakout can be expected above $49.5
T1: $51
T2: $53.5
T3: $55
T4: $57
SL: $47
BEML Perfect H&S SetupBEML had a perfect inverted H&S pattern with volumes confirming. Was a textbook trade, however in reality the breakout was so fast that would have been difficult to catch. Also it may have achieved half of its target with just the breakout candle.
However there might be some steam left as shown in charts.
Rather avoid it due to R:R unfavourable, but can use this as a learning for future trades. :)
HSIL Inverted H&SRSI indicating overbought.
Might come down to retest, thus giving us an opportunity to buy at a lower price.
Keep watching.
First target around 409, then 424, 437 etc. according to pattern it is 93 points higher which likely complete the rounding bottom pattern on a weekly chart of the stock. Keep close look for big gains.
