#SHORT-TERM#
#FRIDAY#
NSE:TRIDENT
@VK2413
{
TRIDENT stock has formed the neck pattern.
time to evaluate it's STRENGHT !!!
it's a good stock which have potential to give more than 20% in short term.
it took support from 48-49 levels, it always moved upward !!
EVEN GOOD FOR LONG-TERM (more than 50-60 % within 5-6 months)
}
BUY TRIDENT
{
TRIGGER:-...
Forming the double top formation price yesterday given the breakdown and now treading below the neckline and going down with good volume. post is only for education purposes, not an advice to buy and sell.
RUPA Weekly :
Pattern : Head and Shoulder Pattern (Inverted) - Possible Reversal
Necline: Blue Trendline
Buying zone : Blue and Red Trendline
Breakout level : 590.
Important level to accumulate above : 555.00
Currnelty Trading on Neckline of Pattern
Bought at 515 Stop loss 489.00 - Use 30% of capital
Buy at 550 - use 35 % of capital
Buy at 570- use remaining...
Just a very simple trade to make quick money. Co. has market cap of approx. 250 cr now they have just announced the expansion of 250 cr that too in the very promising ethonal plant...which has lot of govt. support as a industry.... so its a clear cut techno + Funda call trade to make quick money.
HINDUSTAN PETROLEUM making an Inverted head and shoulders pattern ON 1D chart. It has crossed the resistance of 280 which acted as barrier for it since last 3 months. Now it is looking for a bull run if sustain above 280. take entry above on successful retest of its breakout as drawn in the chart. stoploss will be below last swing ie 263-260 and target will be...
An unusual Head & Shoulder has formed in CIPLA, the right shoulder is much weaker than the left shoulder and could break the neckline without a chance to get in a short position in the retest.
This is where a cup & handle would have more significance -- At the bottom of a downtrend.
The price decisively crossed the neckline near 490 and is pulling back for a retest.
A hold near the neckline may push the price towards 587 and later 794.
Just notice how the C&H target coincides with the prior highs.
Regards
JJSingh
Grasim has formed cup and handle pattern and stock is almost at the neck line. Good target can be achieved if it gave a breakout with good volume. Note that this analysis was done by me only for educational purpose. Feel free to give and feedback.
Bata India is at Head and Shoulder pattern, Waiting for breakout ...
If you calculate head & shoulder target then it comes next support level
Keep it on your radar
Bank Nifty Formed Head & Shoulder pattern on 15min. Currently at neckline. Break bellow 32230 will activate Head & Shoulder sell call. BN is currently selling trend. Keep an eye on it.
Reliance Industries is at breakout from Cup & handle pattern on hourly time frame. This resistance zone is tested many times, so its strong resistance. Waiting for breakout ....
Keep this on your radar...
