INVERSE HEAD & SHOULDER : KEY POINTS An inverse head and shoulders pattern, upon completion, signals a bull market One should enter into a long position when the price rises above the resistance of the neckline. 3 Component parts of Inverse H&S are: After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price...
Care Rating Cmp 730 dated 21.6.2021 On weekly chart 1. 2 years breakout on chart above .695 already done. 2. Inverted H&S Pattern breakout also done with high volumes Buy for a tgt of 795-870-940-1025-1110 SL 630 It is just a view, pls trade at your own risk.
multiple factor to look into consider the stock that is trading at 52W high, re-tested and coming for long term triangle pattern. all chances for the new high and ATH.
CARE RATING gave a good breakout after making an inverted head and shoulder pattern, and even retested its movement before rallying up! CMP of 693.50 target and SL are on the chart! wait for a pullback till Rs. 570-560 if considering the trade!
Long till 1000,1600. Stoploss 500.
Care Ratings long term chart on daily time frame. A rounding bottom can be seen and after successfully retesting the breakout it can give targets of 900-950
Care ratings daily chart, let it retest the channel to enter in it. As it is forming a rounding bottom so the depth of the curve is the target.
CARERATING LOOKS GOOD AFTER BREAKOUT. ON THE WEEKLY CHART ALSO LOOKS H&S BREAKOUT ALSO STOCK APPROACHING ITS 200DMA --------------------------- GOOD FOR ENTRY EVEN AT CMP OR WAIT FOR RETRACEMENT TILL SUPPORT LINE FIRST TARGET OF 927, AND THEN FURTHER TO 1230 / 1510 ALSO HAVE STRONG RESISTANCE LEVEL AT 1025 / 1310 SO STRICT TSL TO BE FOLLOWED INITIAL SL...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Stock gives weekly breakout of inverted head ND soulder pattern. Next target are 950 nd 1600 go long
Buy on CMP for a 5.5 risk-reward ration and target of 1400. Forming a head and shoulders as well. Levels mentioned in the chart. Only for analysis and self-buy. Not necessarily a recommendation.
base shifting higher and close above resistance. sectoral outperformance. in watch for 850+
Levels are given on chart. Watch for breakout and day close above breakout area. Add more till 545 if there is any correction after position taken. Disclaimer: This is educational purpose only. Please share your thoughts in the comments section below.