Nifty formed Inverted Head&Shoulders pattern between 22Nov-8Dec (Missed oppertunity) Head target around - 305-320pts
KOTAKBANK is forming Bearish head&shoulder pattern.If it breaks neckline according to chart and H&Spattern support & targets are: 1. Traget1:1850-1835(200 EMA) Target2:1650-1640 2. Support1: 1830 Support2: 1750(pre covid level) Support3 : 1700
ABCAPITAL gave Flagbreakout and resistance break (Precovid level) with high volumes. But because of raising covid levels we can't expect much upmove for sometime.
ITC formed Head&shoulder and neckline broke on 26Nov Target1: 217-215 Target2: 202-200 Resistance: 224 Support1: 217-215 Support2: 203-200 200EMA :218
Deepak nitrite formed head&shoulder pattern and broke neckline on 22Nov. target1: 2050( achieved ) target2 : 1750-1720 200EMA : 1962
Affle is forming both head&shoulders and cup&handle pattern According to head&shoulders chart pattern Target will be of 25-30%
If it breaks 1260 level according to chart pattern we can see 24-28% upmove
Nifty50 is forming Head&shoulder pattern in daily chart. 1.support is around 17680. 2.According to pattern downward target is around 16700 which is of 1020-1030 points