both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Reasons for taking this trade:-
1) inverted head and shoulder breakout
2)200 ema breakout
3) 1day timeframe bear trap
4) High volumes
wait for retest
enter on 30min bullish candle
target - 130 and 137
follow risk management
Trying to form inverted head and shoulder pattern on weekly charts. Once the pattern completes around 800, long for target of 950 and above. Look for volume with breakout.
Chart patterns convincing me to post the above titled opinion
REASONS
1. HEROMOTOCO has been trading inside a Expanding Triangular Pattern by Taking support & resistance at respective levels
2. Currently, it is going through the up swing move inside the pattern
3. 2022 November Monthly candle seems to be an INDICATION for RACING BULLS ARRIVAL(with high...
A very strong reversal pattern is visible in nifty intraday charts
i.e. Inverted head and shoulder which indicates that the fall is over
for now and we could see a sweet reversal.
Also, nifty is taking support around the golden 0.618 retracement level which
coincides with 200DEMA.
Reverse Divergence is visible on RSI indicating a fall in the strength of...
Crude is bouncing from a very good Demand Zone in WEEK Time Frame and is near to the neckline of Inverted H&S in DAY Time Frame.
Buy when Breakout above Neckline
Buy above 6750
Tgt 7250 - 7600
SL 6500
Disclaimer: These are my personal views and are for Educational purposes & paper trade only. Please analyse yourself also and consult your financial advisor...
Ultratech Cement ( NSE:ULTRACEMCO ): Inverted H&S in weekly chart
Trade Plan:
Cash :
BUY at CMP.
Add more at 6900
Place SL at 6615.
Revise the SL at 7350 when share touches 7650.
Further, if share breaks out 7800, tighten the SL to 7600.
Book long at 8000.
Option :
1. Naked Call Buy : Ultratech 7300 Jan-25 call option at 100, with SL:65, T: 150.
Lot:...
SIGACHI Daily has inverted head and shoulder breakout, with 200 ema support on daily candle. Not good to buy at cmp 340 . Wait for retracement near 310 for buying for target of 425 with sl below 282
Happy new year guys,I wish this year we all can fulfill our dreams of becoming successful traders.
So Here is another trades for you.Dogecoin is making a bull setup with a inverted head and shoulder pattern in 1h time frame.There is a strong resistance zone in the neckline of the pattern(0.07091-0.07158 level) which dogecoin is trying to break.A breakout candle...
NSE's PSUBANK index (ticker: CNXPSUBANK) was trading in a long head and shoulders consolidation for two years from mid 2019 to mid 2021. The breakout from inverted H&S happened in Oct'21 after which the index began to consolidate in a bull flag type of formation till Aug'22.
The index broke out from this consolidation in Aug, gave a retracement back to the...
Optiemus infracom daily looking bullish having inverted head n shoulder bo+ double bottom BO.+ 200 ema support on daily candle
Good to buy at 319 for target of 437 with sl below 257
TRADE IDEA: CMP : 282 **GOOD BULLISH FLAG PATTERN**
** I AM NOT SEBI registered advisor please consult financial advisor for your investment.
**This is only for educational purpose you can also share your thoughts on the comments
** In this chart, I can see good long run from 92 to 315
**After a very good bull run market try to make a parallel channel**
**we can...
NSE:TATASTEEL has the following features:
Head and Shoulder Pattern breakout
High volume
High momentum
Trade: Buy above 116, SL: 112, T: 118/122/124
Sell below 112, SL: 116, T: 110/109/107
