HDFC has formed a H&S pattern & the price is currently at the neckline. If the neckline breaks then we can expect a good fall.
It broke 2 YEAR OLD TRENDLINE & RETESTED DONE, It, also broke INVERTED HEAD & SHOULDER NECK-LINE. If Resistance Breaks, Then Next Possible Target Is 670 ! NOTE: THIS ANALYSIS BASED ON 1 WEEK TIME FRAME) Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below Educational Purpose Only !
Its been consolidating since 2017 and recently it just broke its INVERTED HEAD AND SHOULDER "NECKLINE".. NEXT POSSIBLE TARGET IS 350 . EDUCATIONAL PURPOSE ONLY
HDFC BANK forms a head and shoulders pattern on 1 hour time frame. Although the neckline is not broken yet. It has also forms a RSI Divergence . A high probability that it may go heavily bearish after breaking the neckline.
IDFCFIRSTBANK broken its neckline in previous day session. However shorting below 28 is recommended with SL 29.6. There's increase in vol when started falling in handlle formation. It indicates the weakness Target and trading plan is mentioned in the chart. Also, it is forming H&S as well. If it closes below 28, H&S pattern will also gets completed.
Positional Short Entry: 32 (aggressive) : Wait for breakout of neckline and wait for successful retest of neckline (Conservative) Target 1: 30.20 (aligned with Fib 0.382 retracment) Target 2: 25 (not aligned with Fib 0.618 retracment, Fib 0.618 retracment is 23.25) Risky trader can target for 23.35. SL 37 (on closing...
Titan bounced at 50 ema with strong bullish candle stick pattern...above 1050 it can give cup n handle breakout....keep it on radar after neckline breakout above 1015 for good momentum SL 940....it is short term pick can show t1 1150/1190/1250
Cup n handle formation....one can watch short term above 922 with support of 865 on closing basis...its short term
UPL is at major trendline Support after forming double top structure and near to neckline of double top. If it break trendline support and neckline it can fall up to 367
AARTI INDUSTRIES has recently broke major neckline on Weekly chart with volume. One can consider the stock for the investment for the given targets of (1275-1300) / (1375-1400) / (1430-1455) with the support @ 1070
Hi All, Excited to come up with this video idea. Thanks for all your support. In case you want to reach me -kindly use public chat unless it is too personal Note Personal Messenger Reverts can take some time for me as I get 100+ messages everyday & if someone of you asking me stock suggestion -that is not possible as I have to understand it astrologically...
2 H&S PLOTS SEEN. (WITH INCLINED NECKLINE AND A STRAIGHT NECKLINE) WEEKLY CHANNEL RANGE VIOLATED. WILL THERE BE A DEEP PLUNGE? QUESTION: 1.HAS THE DOWNFALL STARTED? 2.YET TO START?
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. Regards Bravetotrade
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.