The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
HFCL Ltd has made a Inverse Head and shoulder pattern in D1 Time frame. It also give a breakout with good volume. One can buy 50% above today high and wait for retest to buy remaining 50% with recent low as stoploss. Recent swing high's are taken as Target.
Trail your stop-loss.
Disclaimer :- I'm not a SEBI registered analyst. This is my personal view. Given...
This is the daily chart of CDSL i.e Central Depository.
Currently it has made a price action pattern i.e HEAD AND SHOULDER
If it breaks it's neckline, it will be a perfect entry with a small stoploss and a target of roughly ₹50.
I AM NOT SEBI REGISTERED.
I WILL NOT BE RESPONSIBLE FOR YOUR LOSSES
I am new to charting, but I noticed that Head and Shoulder pattern in Indiamart Intermesh. Levels on the Chart.
Please comment, if the analysis is right or wrong by giving reasoning so that I can also learn.
This post is not any recommendation. I am just posting to learn myself.
Beautiful inverse Head & Shoulder pattern has formed and given breakout. My Trading mates can take advantage of it. The pattern is so clear that it does not need any clarification, however in case of any question/query please feel free to ask, I would try to reply at my earliest.
Those who would trade it are requested to mention it in comments with their...