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📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Head & Shoulder 📌 Symbol/Asset: LALPATHLAB 🔍 Description: Stock has given a breakout of Head & Shoulder pattern and now retested the neck line. So its very likely stock will bounce from the neck line and we cann see momentum on the upside !!! 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
NSE:LALPATHLABLong
by FiveCircles
PRISM Johnson : Breakout Candidate Weekly Chart#prsmjohnsn #flagpattern #breakout Prism Johnson (Weekly) : Breakout Candidate >> Short term (1-3 Months) >> Good Consolidation after a Impulsive Move >> Flag Structure Visible, Breakout will give Good Upmove >> Good Weekly Volumes Spurt >> Good Strength Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:PRSMJOHNSNLong
by moneyfesttrading
MONTECARLO - Reversal PatternDAILY CHART ANALYSIS OF NSE:MONTECARLO The Diamond Bottom pattern, also known as the Diamond Reversal pattern , is a technical chart pattern frequently used in technical analysis to identify potential trend reversals in financial markets, such as stocks, forex, and commodities. It is a rare pattern and is considered a reversal pattern, indicating a potential change in the direction of the prevailing trend. Here are the key characteristics of the Diamond Bottom pattern: Formation: The Diamond Bottom pattern typically occurs after a prolonged downtrend, signaling that the existing bearish trend may be coming to an end. Shape: The pattern resembles a diamond shape on the price chart, with two converging trendlines – one representing the upper highs (resistance) and the other representing the lower lows (support). These trendlines create a diamond-like shape on the chart. Duration: The pattern usually takes several weeks to form, and it can be seen as a period of consolidation or indecision in the market. Volume: The volume tends to diminish as the pattern forms, indicating uncertainty or indecision among traders. Breakout: The breakout from the Diamond Bottom pattern is significant. When the price breaks above the upper trendline (the resistance line), it suggests a potential bullish reversal, and traders may consider buying. Conversely, if the price breaks below the lower trendline (the support line), it could indicate a continuation of the downtrend. Price Target: To estimate a price target for a bullish breakout, measure the height of the diamond from the highest point to the lowest point of the pattern and add that distance to the breakout point. For a bearish breakout, subtract the same distance from the breakout point. Confirmation: It's important to look for additional confirmation signals, such as bullish candlestick patterns or other technical indicators, to increase the reliability of the pattern. Remember that not all Diamond Bottom patterns result in trend reversals. Like all technical patterns, it's essential to use other analysis tools and indicators to confirm the signal. Traders often use stop-loss orders to manage risk when trading based on this pattern since false breakouts can occur. As with any technical analysis pattern, it's crucial to consider the broader market context, news events, and other factors that can impact the price of the asset you're trading. Additionally, patterns like the Diamond Bottom are more reliable when they occur on higher timeframes, such as daily or weekly charts, as opposed to shorter intraday timeframes. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MONTECARLO
by hardeepssethi
Bandhan Bank - Head and Shoulders Bottom"Head and Shoulders Bottom" or "Inverse Head and Shoulders" pattern formation on daily chart of BANDHANBNK. This pattern is often used by traders to identify potential trend reversals in financial markets, particularly in stocks. The pattern indicates a shift from a downtrend to an uptrend. Here's a breakdown of the pattern: Downtrend and Accumulation: The pattern typically forms after a prolonged downtrend. During this period, the price reaches a bottom and starts to consolidate, forming what you referred to as a "period of accumulation." Three Declines: The pattern is characterized by three price declines: a lower low (the head) surrounded by two higher lows (the shoulders) that are roughly at the same level. The head and shoulders create a distinct visual pattern that resembles a head with two shoulders on each side. Volume: In the context of this pattern, volume plays a significant role. It's usually highest during the formation of the left shoulder and the head. As the right shoulder forms, volume tends to decrease, indicating diminishing selling pressure. Neckline: The neckline is drawn by connecting the highs of the two shoulders. It acts as a resistance level that needs to be overcome for the pattern to be confirmed. Reversal Confirmation: The pattern is confirmed when the price breaks above the neckline. This breakout is typically accompanied by a surge in volume, indicating increased buying interest. This breakout suggests that the selling pressure that had dominated the downtrend is waning, and buyers are gaining control. Price Projection: Traders often project a target for the new uptrend based on the pattern's height. This can be done by measuring the vertical distance from the lowest low (the head) to the neckline and then adding that distance to the neckline breakout point. It's important to note that while the Head and Shoulders Bottom pattern can be a powerful tool for identifying potential trend reversals, it's not foolproof. Not all instances of this pattern lead to successful reversals, and false breakouts can occur. As with any technical analysis pattern, it's advisable to use it in conjunction with other indicators and analysis methods to increase the accuracy of your trading decisions. Note for everyone who came across this reference: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BANDHANBNK
by hardeepssethi
East india hotel-Beautiful IVHS patternEIHOTEL has beautifully formed an inverted head and shoulder pattern in weekly TF with neckline being an important supply zone of 200-210. The stock has given a weekly closing above this zone and is looking ready for a breakout. It can be added on dips upto 195 with a SL of weekly closing below 184. ATH level of 227 might prove as a minor resistance before a bigger upmove. Keep this stock on watchlist as hospitality stocks like ITC, Chalet hotels, Indian hotels have already started the uptrend. Please note that idea is shared only for educational purposes and should not be taken as a recommendation!
NSE:EIHOTELLong
by chartistamey