PARKHOTELS | Inverted Head and Shoulders pattern formationChart Analysis
1) Inverted Head and Shoulders formation
2) Good EMA 20 support
3) Stock trying to catchup the fall
Todaysanlysis
Bullish Flag & Pole B/o in ShalbyA bullish Flag and Pole B/O has been seen on the Daily chart of NSE:SHALBY
As per the current breakout structure of flag and pole one look in to it to create a fresh position at cmp with a SL 167 for first target of 197.
Exit the position if the stop lss triggered on daily closing basis.
The risk reward ratio for the trade is 1:2
Expecting a small favour from you to like, sahre and prmote the idea.
Your comments are most welcome.
The idea is for Educational Purpose only.
Sail ShortI hope you can now see how Sail represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
nifty 50 analysis (20-09-21)nifty 50 falls today about 188 points
the main pressure is from metal index which is fall today 374.85 points (6.6%)
Support level 17350 and after that strong support is 17250
