Inverse Head and Shoulder Pattern is correct?Can anyone please suggest me that the drawn inverse Head and Shoulder pattern is correct? If correct then why it did not move upwards? If wrong can you educate me what pattern is that? Thanks in advance
Trade ideas
Maruti PRICE LIKELY TO GO UP AS IT TOUCHED THE SUPPORTThe price touched the support line two times. Its likely to go up.
Maruti Breakout Retest - 20.07.2021Daily TF: Making higher high higher low. Formed strong base around Rs 6400/- levels.
MARUTI took perfect support on the trend line.NSE:MARUTI had been taking support on a trend line for the last 2 trading sessions. RSI is giving reversal signs. If it breaks the trend line then it might crack till 7000 and 6950 levels.
MARUTIPrice @ its 200 Daily Moving average.
A bullish Harami pattern formation.
Trend reversal near the trend line.
maruti at supportone can go long at these level with the target of 7540 with the minimum stop of 7140.
stock is trading at the support level and looking for the end of 4th wave.5th wave on upside could touch the levels of 7680.
Maruti - Long Position Maruti is at important support level || at 60% Fib retracement level
Shall go Long after a trendline BO and a minor retracement later ..
MARUTI_AT CORRECTED PRICEMaruti looks good on chart to go long provided there should be goof candlestick formation with volume confirmation.
(for educational purpose only)
if close above monthly candel 7750-7800 thn pattern cnfif close above monthly candel 7750-7800 thn pattern cnf & Big target also achived
MARUTIMARUTI TRADING IN SUPPLY ZONE + BEAR TRIANGLE FORMATION, AWAITING FOR A BREAK ON THE DOWN SIDE
Maruti (Positional)Maruti had retraced almost 50% since last rally. A bullish wolfe wave formation is also present.
MARUTI may crack up to 7230NSE:MARUTI had been showing bearishness for the last few sessions. It can crack up to 7250. It may bounce from there otherwise it can respect trend line.
Maruti - buyBuy from 7235 to 7220
easy target - 7450
tg2 - 7580
Disclaimer : This is my personal analysis for study purpose not intended for trading
Maruti slow and study upper movePlease share with family and friends. This is just a educational content and try to invest after consulting your financial advisor.
Inverse head and shoulders breakout happened and retest doneInverse head and shoulders breakout happened and retest done
