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Invertedheadandshoulders

Reliance Industries Analysis! Trend Reversal??Reliance Industries Daily Analysis! Inverted Head and Shoulder Pattern Formation in Reliance Industries on Daily Timeframe! Does trend reversal will happen? Does the clear downtrend will be converted into Uptrend? NIFTY also forming the same pattern please look Nifty Analysis also by clicking on the below link! As we know the Inverted Head and Shoulder Pattern is a Reversal Pattern and it detected after a Downtrend. After that we have seen a positive move in Reliance Industries. In last 4 trading sessions Reliance Industries gives a breakout to the Neckline and trading above it but in the last trading session we can see the selling pressure was high. So Reliance Industries couldn't break the key level which is 2462.85 which is the Resistance level also. So we are waiting for Reliance Industries to break the key level Then only it will be a decent Entry. Trade Initiation = Entry = Above 2462.85 Target = 1) 2488.40 2) 2593.15 3)2700 Stop Loss = Below 2404.50 Rest of the Analysis you will find on the chart. I have done all the possible Analysis on the chart which took lots of time. If you like this Analysis please support this Analysis. I hope you will lean something about Technical Analysis from this chart. Thank you all for your Support! Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:RELIANCELong
by Avinash9087
8
HEIDELBERG Daily looking bullishHEIDELBERG Daily looking bullish, Trendline breakout, inverted head and shoulder breakout with 200 ema support on daily candle. Good to buy at 185 for target of 218 with sl below 175 ==================== This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:HEIDELBERGLong
by pranjalitigade
Banknifty ( 31/07/2023 )Banknifty for ( 30/07/2023 ) Enter once after " Breakout and Retracement " . . For " long " entry: 45530 target: 45760 stoploss: 45450 . . For " Short" entry: 45380 target: 45250 - 45020 stoploss: 45510 . . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . 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:BANKNIFTY
by TheNuraTrading
2
Banknifty : intraday analysis; bullishBanknifty (weekly ) More probability is there for "BULLISH " . . For " long " entry: 45765 / 46020 target: 46450 stoploss: 45700 / 45900 . . For " Short" entry: 45660 target: 45500 stoploss: 45770 . Enter only if market Breaks "Yellow box" mentioned. . wait for proper reversal and conformation. . 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:BANKNIFTY
by TheNuraTrading
SBIN: Kuch Kuch hogaHi, An inverted Head & Shoulder is visible on the daily chart of SBIN. One can look to create a fresh Position in the scrip. One can buy the scrip at around 596-600, SL@584 and Targets are 610/620/630 The risk to reward ratio is 1:2.5 Exit the position if the stop loss is triggered on DCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM EAGERLY WAITING FOR YOUR COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:SBINLong
by raigvivek
2
Bullish Rounding Bottom on Union BankA bullish Rounding Bottom Breakout pattern activated on the 4 Hour chart of Union Bank. One can create a fresh position in Union Bank at 79 with a stop loss of Rs. 74 for a target of Rs. 89. Exit the position if the stop loss triggered on DCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM EAGERLY WAITING FOR YOU COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
BSE:UNIONBANKLong
by raigvivek
2
ICICI Bank set to Dethrone HDFC Bank!Attached: ICICIBANK/ HDFCBANK Weekly Chart as of 5th May 2023 The above Ratio Chart is Significantly Bullish and suggests that in the coming Weeks/ Months you will see Money flow from HDFC Bank to ICICI Bank (which means ICICI Bank will relatively Outperform HDFC Bank and you are better off going own ICICI Bank instead of HDFC Bank) Bullish Evidence as follows: - Massive Inverted Head & Shoulder Bottom Pattern has formed implying Upside for the Chart - RSI in a Bullish regime since October 2017 - The RSI Bullish Divergence that started in October 2017 also marked a Trend Reversal point for the Chart, prior to which the Trend was Down - Higher Highs and Higher Lows clearly point to an Up Trend in this Ratio Chart - Fundamental Analysis of ICICI Bank too is confirming with this Chart As an Investor, you are better off Owning ICICI Bank and Dumping HDFC Bank And as a Trader, Long ICICI Bank NSE:ICICIBANK and Short HDFC Bank NSE:HDFCBANK makes for a Highly Profitable Pair Trade
NSE:ICICIBANKLong
by T_Harth
NMDC DOUBLE BOTTOM NMDC has been falling since more than a year and has now shown signs of bullish nature as the entire market sentiment improves. NMDC has formed a beautiful double bottom which has been confirmed by the gap up today with good volume. The previous red candles has high volume but no price movement which is a good sign and shows lack of selling pressure. NMDC weekly chart is also forming a inverted head and shoulders pattern As the market breaks all time highs and seeks new levels, some stock have not contributed to the previous rally such as reliance and Infosys but these stocks went at very good levels currently. A stock like NMDC is showing a good double bottom and a beautiful risk to reward. Target: Short term as of chart Stop loss: Below recent low and support zone Keep It Simple
NSE:NMDCLong
by Krish_Kohal
2
Can VRL go Viral ? Market Cap ₹ 6,570 Cr. Stock P/E 39 Industry PE 26 Dividend Yield 1.08 % ROCE 18% ROE 20% Debt to equity 0.74 OPM 15% EBIDT growth 3Years 10% Promoter holding 64% EPS 36 VRL Logistics is engaged in logistics services dealing mainly in domestic transportation of goods. Other businesses include bus operations, transport of passengers by air, sale of power and sale of certified emission reductions (CER) units generated from operation of wind mills. India’s Vehicle Scrappage Policy The vehicle scrappage policy is a government-initiated program to replace old vehicles on Indian roads. As per the new policy, commercial vehicles greater than 15 years and passenger vehicles greater than 20 years will have to be mandatorily scrapped if they do not pass the fitness and emission tests from April 01, 2023. Under this policy, around 1265 vehicles from the existing fleet would be required to be scrapped, in terms of capacity these vehicles account for 18% of its fleet capacity. Co. added 91 new branches, 241 net vehicles (post disposal of scrap vehicles) including 19 electric vehicles in FY22.
NSE:VRLLOGLong
by CannySunny
3
Don't Dread ! Spread the Thread in Polymed ! Looks good Ahead !Poly Medicure Limited is an India-based manufacturer and top exporter of plastic medical disposables/ surgical Items with a portfolio of over 130 SKUs of disposable medical devices across 9 different product verticals. Distribution Network The company has a pan-India distribution network with over 260 distributors. It has reach to over 5,000 private and government hospitals and nursing homes across India. The company exports its products to over 110 countries. It earns 30% of revenues through domestic sales and the rest 70% through exports. It derives major growth in exports from European Subcontinent. Manufacturing Capabilities The company owns and operates 8 manufacturing facilities across world. It owns 5 facilities in India, 1 each in China, Egypt and Italy. The facility located in Egypt is owned by company's associate (ULTRAMED) wherein the company holds 23% economic interest. R & D The company operates its only R&D facility from Faridabad, India. The company has planned to expand its manufacturing facilities in Faridabad and Jaipur which are set to be ready by 2020 and 2021 respectively. Expansion includes manufacture of new products and capacity additions in its facilities. It has over 300 patents to its name with 190+ pending applications. It spent ~12 crores (2% of revenues) towards R&D in FY20 as compared to 10 crores in FY19
Editors' picks
NSE:POLYMEDLong
by CannySunny
31
MFSL Breakout BUY!MFSL LONG SETUP Attached: Daily Chart as of 21st June 2023 - Price has activated an Inverted Head & Shoulders/ Cup & Handle/ Bull Flag Breakout today on the back of High Volumes (Price Volume Pattern BO) - Laggard from Insurance is finally joining in the Sectoral Rally (Sector Tailwinds) - The previous Dip halted at 0.382, ABC corrective (Wave 3 or Wave C upside pending) - Daily RSI crossed above 70 today - Daily MACD gave a Buy Signal today Upside Target= 785/ 807🎯📈 Stop Loss= Today's Low (< 710)
NSE:MFSLLong
by T_Harth