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...
This script is making a mirror pattern showing how history repeats itself. Currently, it's available at cheap valuations and also, the stock would be benefited from the upcoming farm season. The target price is 250 as per the charts. Duration - 6 to 12 months. This is my analysis, done only for educational purposes, feel free to share your views/feedback.
Nifty 13749 2 trading sessions earlier, we had highlighted the possibility of Nifty re-testing at least previous highs Although we did not take any fresh position in Nifty on weekly expiry day, we held on to our positions taken earlier. Currently - We observe Nifty moving in boxes - Will we see a Year end rally now? No it is not that since we are now just...
Nifty Closing Price 13258 If we observe the current rally and co-relate with structure we saw in Jan - Feb 2020, we observe that it has completed a mirror image pattern to the tune of 50% - the current channel size matches the size of red channel - the upward slope in blue channel matches the downward slope in red channel So far so good.... (When we had...