Westlife development ltd Analysis on 17 jan 24
780 is the best support as higher high higher low formation on monthly time frame
Deep Stoploss 750 (on closing basis)
target 1021 - 1068 - 1174 - 1246
Now market is volatile so take risk as per your capacity
Inverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large...
Hello Traders! Today we're revisiting our analysis of Westlife from June 6, where we discussed the breakout of a Head & Shoulder pattern. Let's dive in!
On June 9, our suggested entry triggered at a retest of the H&S breakout at 825 .
From that entry point, the stock rose to a level of 1024 by September 8 — a gain of nearly 27% .
This movement...
🙌 Welcome to another educational analysis, where we'll discuss the recent breakout of WESTLIFE from an Inverse Head and Shoulder pattern. Please note that this analysis is for educational purposes only, and I am not a SEBI registered analyst.
📊 Key Details 🚀
WESTLIFE broke out of the Inverse Head and Shoulder pattern on June 1st with significant volume, reaching...
A Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of NSE:WESTLIFE
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on...
Both Technical And Fundamentally strong stocks .
Buy = 800
Hold for Longer Horizon .
Will update SL when trend get changed .
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Swing can be taken for following reasons :
1) Stock has tested bullish weekly structure
2) Stock has tested daily structure and has printed bullish price action
3) Stock is in a bullish on 4HR structure
In today's session the stock has recovered from the low
Closed above yesterday's high
It seems stock is showing some up move
Target 785/800
Stop loss 764.5
I am just representing my views.
For educational purpose only.
WESTLIFE:- Double bottom pattern has been formed, if the breakout together sustains the upper side, then you can plan something.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check...
#doublebottom #pattern #Breakout (trend reversal) Under #ParallelChannel at #westlife (Westlife Development Ltd) #weekly #chart.
BSE: 505533 / NSE : WESTLIFE
In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline...
