Bullish reversal - Inverted head and shoulder 1. Head and shoulder breakout
2. Daily resistance breakout with a strong bullish candle
Targets and SL are mentioned on chart
Trade ideas
DMART: inverted H&S at support levelDmart (Avenue Supermart) has formed an inverted H&S pattern (Bullish Pattern) on Daily Time frame.
As the stock is supposed to announce result, good result can take it to 3300 levels again while a bad result can lead it to Support level 1 and then to support 2 (Buyer are active in this range)
All levels are mentioned on the chart.
Just wait for clear breakout / breakdown either side on at least hourly timeframe to take the position.
DISC: For educational purposes only.
Buy DmartBuy Dmart near 2960 to 2980 levels Stoploss 2820 Target 3190
Study: Inverse Head & Shoulder Pattern Breakout and Retest
Inverse head and shoulder pattern breakoutInverse Head and shoulder pattern breakout in last 4hr candle and also a strong resistance breakout.
Can be bought for a short term target of 3150.
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DMART - Ready for 3200 in medium term.Dmart has given a strong breakout from its daily trendline by taking support exactly from its zone.
Wait for retesting of trendline and buy around 2840-50 with S.L. of 2750 on closing basis.
Targets :- 3000/3200 in short and medium term respectively.
Follow for more such trades.
Flag pattern Flag pattern formation plotted . Breaking 3095 levels prices can soar upto 3228 and 3333 levels .
DMART - Breakout and RetestDmart has given a beautiful breakout of the Inverse H&S pattern and has retested. Breakout has happen with nice volumes coming in
Dmart - Break out and retest before going up furtherDmart has broken out of consolidation and is retesting the demand zone which should now be the supply zone.
DMART - BREAKOUTDMART on 18 May gave a strong close after a RANGE BREAKOUT.
Fundamentally strong company is giving a technical indication to buy.
So let's just do it.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
Avenue Dmart LongIn Avenu Dmart we see the inverted head & shoulder formation breakout that will go upside of 10% in the near term.
DMART given breakout already can hold for long termDMART given breakout already can hold for long term RSI also positive
Bullish View in Avenue SupermartsPost consoidation in 15 min chart, the scrip has broken out. Might see higher levels
DMART ALART PRICE DROPI know it looks complicated but the viewers need to understand. I will try to explain at my best
(A) is showing bearish bump and run trend reversal pattern
(B) is showing bullish price channel continuation
(C) is showing bullish inverted head and shoulder trend reversal pattern
(D) is showing target price (Target 1)
As I went through ideas a lot are talking about head and shoulder and it shows uptrend will start now but
If you observe (A) it's creating a bearish bump and run trend reversal pattern in which the thick line shows the possibility up to which rates can go and the rectangle shows the supports
If you observe (B) it's showing bullish price channel continuation according to which the price has to move in bullish if it crosses the upper price channel line and the target is up to rectangle (D)
If you observe (C) it's showing a bullish inverted head and shoulder trend reversal pattern which is created inside price channel pattern but both price channel, head and shoulder are showing the same target area of (D)
Now what I'm saying is on 14/05/2020 earnings are expected to release, and the strong (A) bump and run is pulling down the rates. If it happens so then the head and shoulder will not work and the price will fall taking support at (A) rectangles and it will bounce back. when it crosses the price channel (B) upper band you can buy expecting the target price of (D)
So don't go with head and shoulder wait for the price to cross price channel upper band then with confirmation and bit of your studies buy
Any doubts or suggestion ping me
DMART 1hr time frameIs that a sure break for a fall, what do ya say. Well, for me it will be more relevant tomorrow. Keep a close watch. It could go for a great for a good revival.
Trade wisely...
