2 ROUNDING PATTERN RSI ABOVE 70 - SAYS STAY WITH THE UPTREND ADX TURNING BULLISH T1 - 1550, 12 - 1600, T3 1660 STOP 1400 disclaimer - trade at own risk.
SALE LEVEL @ 228 FOR TGT 223 WITH STOP 234 228 - BCOZ THAT IS WHERE THE NECKLINE OF HEAD & SHOULDER PATTERN WILL BE BROKEN NO OTHER PARAMETERS ATTACHED. disclaimer - study own n enter.
RECENTLY RAKESH JHUNJHUNWALA ALSO ENTERED . COULD DO A GOOD BULL RUN AGAIN.
H&S pattern. Took support of bottom line of H&S and rose with good volumes. Neckline breakout happened yesterday when price crosses above 49 rs levels with good buying pressure coming in. Immediate targets would be 54-55... If crosses the zone 66-67 on the cards.
Manappurna finance has given Head & Sholder + Parallel channel breakout in the daily time frame today . Possible consolidation near 143.25 level because of the previous breakout level makes it important (Purple Rectangular Area). . Upcoming support zone will be around: 134.50. Good Shorting Opportunity. . Stop-Loss must be over the immediate resistance level i.e...
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...
keep it on radar after neckline breakout...can give good movement
UPL neckline breakout above todays high....also good call unwinding seen watch above 463 can show good move...
watch long above 528 with 1% sl intra or as per formation positional SL is 512 on closing basis for 540/554/570..............
EURCAD is trading close to the neckline of the head and shoulder pattern on the 4H chart. As soon as we get a single 4h close above the neckline, we enter a buy trade with stop loss at 1.45501 which is the approx depth of the shoulder. The up move in the pair is also supported by the daily candlestick pattern that formed a bullish engulfing pattern two days back....
USDJPY registered a breakout from the neckline of the inverted head and shoulder pattern on 4h chart. The prices are already close to achieving the first target of 107.274. A hold above this level, next target will be at 108.014. On the other hand, 106.497 and 106.115 are the support levels. Either of which can be the stop loss for the trade. So choose depending...
The weakness in the Euro is blatant. And now it has formed right tilted head and shoulder pattern against NZD as well. The price has broken the neckline and is setting up for huge intraday downside move. Hence, we expect the pair to reach the support levels of 1.68633 and 1.68406 for the intraday.
Waiting for breaking the neckline, i.e stock has to close below 820 levels to mark it as a breaking the neckline. Only post that a short can be initiated i.e. only after the confirmation. Once confirmed Stock can see levels of 600; SL: 943. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my...