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double top confirmed and my target is between 1 and 2 (green box)
INDUSIND BANK - LONG IDEA Neckline+S/R)
ESCORTS is currently at it's Neckline in a weekly Time frame.
Observe the price action on multiple frames before taking any trade. The stock can go either direction from here, either fastly or steadily.
Observe daily Time frame and weekly for any conformational price action patterns/candles.
The 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.
The stock has formed a nice Head & Shoulder pattern after uptrend. We can expect the price to reverse now and take advantage of the pattern by shorting the stock. The pattern can drag the prices to 920 - 940.
Clearly formed inverse Head & Shoulder pattern is suggesting a long entry. Being a defensive Trader, I would wait for a retest on Neckline which means possibility of missing the trade also as it does not happen always therefore other trader can buy at appropriate level depending upon their risk appetite.
Head & Shoulder pattern formed at the top of current rally is suggesting a reversal now. It is trading below the neckline so one can short the stock and look for the target of 140.
(I May be Wrong)
Looks like Ambuja Cement is all set to rock and roll. Volumes are not supporting the move so it can go either ways. If it moves up from here with better volumes then it could be a trend changer or else its time to go short. Waiting for the confirmation. Please correct me If I am wrong.
Could go long with a SL of 197
Cipla traded and closed below the Neckline of recently developed Head & Shoulder pattern. The pattern is self explanatory so need not to elaborate here.
Neckline of this head n shoulders pattern is about to get breached and SBI is just hinging on slight support zone around there. We don't know how the markets gonna open today & Nifty also plays a part in opening,so it may be repelled up or can breakdown.We will enter this trade setup only if SBI has valid bearish close below 254 and when the price pierces into the ...
This head & shoulders pattern is yet to complete and moving towards the neckline, wait for valid breakout at neckline before initiating short positions. This may or may not be intraday, can get extended for another day, so be sure about what position you are gonna take. Neckline has back to back supports, so be planned & prepared with whats your risk before ...