A hanging man at the end of a Head and Shoulders pattern could be a sign of a breakdown failure and hence we can see some possible upside in the coming few days. I'm favoring the long side.
This is big news. A breakout of a SHS pattern on a monthly chart can lead to a long-term downtrend.
A breakdown from this SHS pattern can prove to be brutal.
The clear RSI divergence signals to a probable uptrend pause. We could now see a sideways move or the beginning of a downtrend.
Short with a Trailing SL. If holding overnight, I suggest closing the trade when the support line is touched.
Two Cup and Handle breakouts simulataneously. This could be the final win Bulls were looking for. We could be heading towards a bull run now. Although I do expect a minor pullback (profit booking) tomorrow.
I think PNB has bottomed, and has formed and broken out of a cup and handle pattern with great volume. We can have a good possible upside from here. I'm long with a SL at 87.65
If this SHS pattern breaks, there can be some major downside.
This can be a little risky trade as the results for M&M are about to be announced. Anyways, the stock has broken out with an insane volume and conviction. (the second highest volume in 2018 in an hour). Go long with a strict SL of 847.8
Go long at 2683.8. Gave a solid breakout.
Maruti has broken out with good conviction after a positive price action.
Go long and hold it. The market is rushing towards 10,600 with good strength
BATAINDIA shows a clean breakout and headed towards higher levels.
HDFCBANK breakouts with a good long candlestick.
A successful H&S pattern breakout on hourly charts.