A Bullish Breakout of Inverted Head and Shoulder pattern is visible on the Daily chart of NSE:GTPL
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is...
Tracking the hits and misses.
This seems like a good zone to go long if the hurdles are broken...and also all the main hidden line resistance seems to broken and is trending higher with higher high and higher lows.
Also can see a higher highs and higher lows with a inverted triangle breakout ....
can also spot a inverted head and shoulder pattern in higher time...
Chart analysis:
Pattern: Cup and Handle pattern is formed and currently after BO the consolidation is happening.
Breakout: C&H pattern is broke the 16 months High.
Volume: Volume build up is happening indicating the big player are continuously buying the share.
RSI: Bullish crossover happening indicating the BO of consolidation phase
Trade setup:...
NSE:GTPL
What is Rounding Bottom ?
A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of "U".
Note: Rounding bottom looks similar to cup and handle pattern, but does not experience the temporary downtrend of the handle portion.
3 Phases of Rounding Bottom
1. Sharp...
GTPL Hathway is a very volatile cash stock which has given wild one sided moves in the past.
As seen in the chart, stock is in strong uptrend and has reached a supply zone of 185-190.
Price action at CMP is going to be interesting. A consolidation before breakout is always healthy.
However, if the stock sustains above 190, it can be a risky swing trade for...
The stock has tested it's listing day resistance and has been consolidating for weeks now.
A daily followed by a weekly close above 190.5 can bring more upmove in this stock.
It has made a nice inverted head and shoulder pattern as well.
This is not a BUY/SELL recommendation.
This idea is for educational purpose only!
Learn & Earn,
Dr. Tanya Kumar
A prominent closing above 197 (entry above 197)can lead to a weekly breakout from IHS pattern sl can be closing below 185...targets as shown in the chart
After the golden crossover......Accumulation period breakout + Resistance breakout..... good move can be seen soon with good volume
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Educational purpose onlye
Inverted Head and Shoulders Breakout on GTPL Stock
Pattern Description: The Inverted Head and Shoulders pattern is a bullish reversal pattern that typically forms after a downtrend. It consists of three lows, with the middle low (the "head") being lower than the two outside lows (the "shoulders"). When the price breaks above the neckline, it signals a...
BUY - GTPL HATWAY LTD
CMP - Rs. 135
Target - 1: Rs. 212
Target - 2: Rs. 267
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Timeframe - 9-12 months
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Technicals - Descending Channel Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Disclaimer: View for Educational Purpose only, not to be taken as any advice for trading or investment
Stock has lower PE in comparison to Industry
Good divident payout Ratio
Stock has seen good correction in its price.
