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Necklinebreak

Inverted Cup and handle Pattern : DJITechnically, Dow is really at a critical zone. Keeping in mind that Equity is a growing asset, today's DJ:DJI session would be very Important. DJI has given a close below its neckline and completed its Pattern. There are concerns of recession as well. Will the DJ:DJI fall and complete its target or there will be pattern failure? Here ADX is showing above 24, indicating that markets are about to trend. Rsi indicates the oversold condition in the market. * It is just my analysis and no recommendation of Buy or Sell is Given.
DJ:DJIShort
by VanshikaUdeshi
1
Siyaram Silk Double Head and shoulder - Asymmetric Triangle.NSE:SIYSIL View : Bullish for Short -Medium - long term. Observation: Head and Shoulder Pattern Completion with neckline 456.00. Breakout Level Necklne of Inverted Head and Shoulder : 446.00 After breakout level tested multiple time and this week the chart broken important trendline. Green trendline will act as Support till 390.00 CMP 28 January 2022 (Friday) = 444.35 Buy : or > = 445 or As soon as Assymetric Trinagle (Pennant) Breakour Upside Stop loss For long term : Not more than 4% (Not less than 396). Target for short term : 455-460-480-490 Target for medium term : 455-480-500-560 Target for Long term : 456-500-600-626-650-698-750 ++++
NSE:SIYSILLong
by FalgunPrajapatiTrading
SBILIFEDear Traders, We can see a great 10-15 % move in foreseeable future as, stock is making inverted head and shoulder pattern. Plus, it already has given breakout from Triangle pattern and after that it was hovering upside that means accumulation of stocks is also done by retailers like us. And in the last it broke today the neck line of former pattern. And along with these reasons we can see that volume is also confirming our theory so we can buy this stock. Thanks you guys for support.
NSE:SBILIFELong
by HanumanBhkt
Weekly BTC-USD(24th January)Crypto markets continue to bleed as the total crypto Mcap plummeted by more than ~20% in the last week alone. Uncertainty in Russia and Ukraine also adding more fuel to this fire. Overall, the global markets are also trading in red from the start of this year and due to high correlation between both the markets, crypto markets plunged more than the Equity markets. On the Weekly TF, BTC formed a big bearish candle and closed the week with more than ~16% declines but managed to close slightly above its 100-WEMA. At the time of writing, BTC made a new low for 2022 and is trading just above $33,500. As per the current market scenario, bears are in full strength and every move by Bulls is being pushed back to lower levels, lack of bullish strength is mainly due to the continuous liquidations bulls have to face from the last 1-2 months. BTC is already trading below its crucial psychological levels of $40K, however, the immediate support is present at $32K followed by $30K, but if BTC bears also managed to crash below $30K, then this will result in breakdown of the Double Top neckline structure, this can result in further downswing to continue for more 15% to 20%. If the bearish trend continues, there will be minor pullbacks to the higher side which can be used to close your Long positions or enter into a new short trade. However, we can expect fresh buying in the range of $29.5K to $30.5K and hence a trend reversal or sideways trend can be expected before we break below the $30K level. The nearest hurdle is placed at $36,000 followed by $38K and then the major resistance at $40K. Weekly RSI is trading at its lowest level since 2021 and Daily RSI is already in the Oversold zone which depicts that short term pullbacks can be expected in the near term.
COINBASE:BTCUSDShort
by TradeDog-Research
Bajaj Finance (Hourly) - Inverted Head & Shoulders Chart PatternBajaj Finance (Hourly) - Inverted Head & Shoulders Current market price - 7360 Target - 7813.20 (depth of the head) Price has done breakout of the inverted head & shoulders chart pattern neckline Bollinger band is challenged on the upper end RSI is above 60 ADX is above 15 and -DI is above +DI in the Directional Movement Index (DMI) All indicators / oscillators on the daily tide look good too In fact, on the daily timeframe, the price has entered the 5th wave
NSE:BAJFINANCE
by Dhiraj_Ahuja
HDFC Bank (Hourly) - Inverted Head & Shoulders Chart Pattern HDFC Bank (Hourly) Chart Pattern - Inverted Head & Shoulders Target - 1610 (Depth of the head) Seems to have retested the neckline after the breakout Has entered the 3rd wave in hourly and 5th wave in daily RSI is above 60 and the stochastic 14,3,3 is in positive crossover Bollinger band is challenged on the upper end +DI is above the -DI in Directional Movement Index (DMI) with ADX above 15 All indicators / oscillators are positive in hourly and daily time frame On weekly timeframe, thought the MACD is downtick but we have an early buy signal of stochastic 5,3,3 being in positive crossover
NSE:HDFCBANK
by Dhiraj_Ahuja
6
HIGH PROBABILITY SETUP ON MOIL LTDFew takeaways from my analysis on MOIL LTD. 1.Inverse head& shoulder pattern breakout: stock broke out of the pattern(neckline resistance) after long consolidation period. 2.Volume spurt: breakout supported by decent volume, indicating bullishness. 3.Moving averages : stock trading above 20MA And 50MA on weekly chart, Also trading above 50MA and 200MA on daily. 4.RSI: breaking out of weekly resistance on rsi and trading above 60. Short term view: Bullish Timeframe used : weekly Short term Target : 210 Note : entry not yet triggered , wait for a retest of neckline to enter. Disclaimer: These are just my personal observations and not trading or investment tips , please do your own research or consult an investment advisor before doing any investment or trading.
NSE:MOILLong
by saikrishna9999