Bearish head and shoulder chart pattern formed in GIFT Nifty in hourly timeframe.
Rashtriya Chemicals and Fertilizers Limited (RCF) has formed a bullish chart pattern called Head and Shoulder. Chart structure is bullish in every point of views like in a daily chart pattern you found RSI above 60 and also above 200 EMA is a very positive signal of uptrend. Head is formed at very important zone which act as a resistance for than a decade almost...
Mahindra & Mahindra has formed a bullish head and shoulder pattern along with rounding pattern, but the concern is that bullish pattern should formed in downside or downtrend. But here pattern formed in uptrend. Point to be noted that head is formed with morning star candlestick pattern. Entry on closing basis above 2000 SL below 1890 Target 2200 RRR...
Nifty has formed bullish head and shoulder with clear breakout. But we forgot to publish before the breakout. Hence we are not participating in Bullish Head and Shoulder Chart Pattern. Nifty new target would be 23500 and 23800.
Asian Paint is about to complete the formation of Rounding Bottom. Rounding Bottom pattern will activate only after the breakout of the Neckline - 3040 level Rounding bottom chart pattern is a bullish reversal pattern which is formed at prior intermediate support level and hold this level from 2021. Long trade will initiate only after the neckline...
Evening Star is a bearish reversal candle formed on the prior resistance. We can see multiple confluences here like, Shooting Star, Bearish Engulfing, Evening Star and resistance all are lies on the same level indicating that seller could take control from here.
Bank Nifty has formed bearish candlestick pattern in daily time frame. Shooting star was formed on the new high of Bank Nifty Yesterday, Bank Nifty has formed Bearish Engulfing with Shooting star are another bearish candle which is strongly bearish than the first one. It is important to note that Trend is bullish so we can expect some profit booking at this...
Inverted or bullish Head and shoulder formed in Pidilite Industries. Bullish Engulfing is the only candlestick pattern that can be used for continuation pattern. Waiting to pierce the high of the previous bullish candle. At current scenario we are not sure that this classic Head and shoulder pattern will achieve their target because because there is an...
Bearish pattern has been formed on the top of the Nifty. Inside bar breakout has been seen in the lower side and also the formation of Evening Star. If price pierce the low of the Evening star, short sell would be preferred. Multiple strategy like Bear Put Spread Bear Call Spread
Reliance Industries Ltd is trading in a price range of 2200 - 2800 since Sep 2021. In between this a strong support and resistance formed where 2200 act as a support and 2800 as a resistance. Last week a bullish candlestick pattern formed in Reliance called Classic Morning Star at support level. Here are the characteristics of a classic Morning Star...
Borosil Renewables ltd has formed a bullish head and shoulder. 1. Hammer candlestick formed in downtrend and best part is that at support 2. Next candle formed bullish engulfing and price started rally upside. 3. Downtrend line was broken at 470 again a bullish sign 4. Price has retest FR Level 38.2 5. Now price has pierced the neckline of Inverted head and...
USDINR - Ascending Triangle Formation is complete only waiting for the breakout. Which side breakout will happen? 1. Upside 2. Downside
Formation of ........ Chart Pattern. Choose the appropriate one? 1. Inverted Head and Shoulder 2. Head and Shoulder 3. Head and Shoulder Top 4. Bullish Head and Shoulder
Nifty has recently tested the Budget Day (1st February) Low. RSI is heading towards north and ready to break the previous high. It shows the strength is bullish. Nifty has bounced from budget day low with strong base forming bullish chart pattern called Inverted Head and Shoulder. Nifty is at important level forming a rounding pattern and pattern will activate...
RHI Magnesita is in uptrend forming Higher High and Higher Low in longer time frame. Price has revered from important and Golden Ratio of Fibonacci - 50 and 61.8. In shorter time frame it formed Inverted Head and shoulder chart pattern which indicate that price will continue their uptrend in shorter to mid term trend. If price pierce the neckline above 645 then...
Bosch Ltd has formed inverted head and shoulder chart pattern and attempted to rise after the retest level. Please share your comments. Thanks
Head and shoulder chart pattern formation is done in Sigachi Industries. Waiting for closing above neckline/confirmation line. Thanks for watching video.
Bullish Head and shoulder chart pattern formed in Bharat Forge and Target done. Classic example of Head & Shoulder chart Pattern