BEL has given Breakout from head & shoulder pattern on hourly TFBEL has given Breakout from head & shoulder pattern on hourly time frame. It may retest & move towards its target of Heads & Shoulder target.
Necklinebreak
sale trade2 week high - 503.5 = stop
sale at one month low now = 462-65
target levels = 442, 425, 416
disclaimer - trade @ own risk
close dependent sale previous sale given on Feb 11 @ 3436 for target 3385👀
exit suggestion given today @ 3392🎯
below is the fresh view 👇🪕👇
sale if close below 3395-80 zone
which is 6 months low
Observation :-
*** broke 3 months low 3403
***desendline triangle neckline touch
***TF 15,h,4h,D RSI below 35 - support bearish momentum ( view holds till D closes below 45)
***six month low 3382
dsiclaimer - trade @ own risk
previous view below for reference
Itc stock inverted head and shoulder If sustain above 235, then it will breach 250 soon !
Possible target
1) 250
2) 279
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
Piramal enterprise, positional view ! As shown in chart, it gave neckline breakout of inverted head & shoulder pattern.
Possible target:
1) 1710
2) 1900
Feel Free To Ask For Any Technical/Fundamental Query
Educational Purpose Only.
HDFC BANK ABOVE 1410 BULLISH It gave Neckline Breakout, of Inverted Head & Shoulder Pattern.
It looks good above 1410,
Possible Target 1450, and 1520
Educational Purpose Only.
Suntv - Double BottomSuntv broken neckline of double bottom with volume and rsi above 60 on daily TF. Targets on chart...
KNR CONSTRUCTION 350 POSSIBLE TARGET Its been consolidating since 2017 and recently it just broke its INVERTED HEAD AND SHOULDER "NECKLINE".. NEXT POSSIBLE TARGET IS 350 .
EDUCATIONAL PURPOSE ONLY
HDFCBANK forms a head & shoulders pattern!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.
POSITIONAL BUY IN BATA INDIA 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.
INTRADAY PICK 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.
HEAD SHOULDER PATTERN COMPLETERECENTLY RAKESH JHUNJHUNWALA ALSO ENTERED .
COULD DO A GOOD BULL RUN AGAIN.
GATI Limited: Head and Shoulder Neckline BreakoutH&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.
Manappuram Finance: AnalysisManappurna 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).
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Upcoming support zone will be around: 134.50. Good Shorting Opportunity.
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Stop-Loss must be over the immediate resistance level i.e somewhere about: 158.35.
ShortPositional 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 basis)
Disclaimer: The recommendations are based on technical analysis and subject to market conditions. Please trade at your own risks. The author is not responsible for any loss.
UPL neckline breakout above todays highUPL neckline breakout above todays high....also good call unwinding seen watch above 463 can show good move...
Indus bankwatch long above 528 with 1% sl intra or as per formation positional SL is 512 on closing basis for 540/554/570..............
Inverted H&S breakout likely: enter after 4H candle sustains.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. Now for the targets, the first one is at 1.47671 and the second is at 1.48350. The path of the price can be either blue – blue arrow (straight upwards) or Blue – orange – orange – orange arrow (a little consolidation after the accomplishment of first target). Either way, we are aiming for the 1.48350 level.
Buy USDJPY : Inverted head and shoulder breakout 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 upon the risk you want to take.
EUR/NZD Technical analysisThe 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.
