Head and Shoulders
Clear weakness in the Indian markets now extending to IT sectorContinued selling pressure dragging the markets with a spillover effect on one of the most resilient sectors. NSE:TCS has caught my attention forming H&S pattern over 4 months. This signifies weakness with a stop above 4310 with targets 3780,3660,3455. Lacklustre volumes couples with poor outlook and MAGA 2.0 adds more conviction. Chose the pullback near 4000 and CAPITALISE
IRCTC - BULLISH & BEARISH BIASSymbol - IRCTC
CMP - 900
IRCTC is currently trading at an interesting zone. After a good rally in the last year, This stock is following a trendline resistance making lower - lows price action & showing no strength of price growth.
I am tracking this stock from quite some time. I will be interested in long positions on breakout of 940-950 resistance zone. I will be even more interested in shorting this stock if this stock breaks 850 on downside & sustain below it as it stock is making a Head
Markets to continue downtrendBANKNIFTY Completes retracement and heads lower breaking through necklines with a target of 48440,47950,46500. Overall markets looking weak with H&S pattern forming in major stocks and indices. With a close stop of 50050 on a closing basis this opportunity can be capitalized upon.
PNB Gilts Might CorrectPNB Gilts might correct in recent days to come. Here are the technical reason :
1)Trading below 20 EMA & 50 EMA on daily chart
2)Head & Shoulder Pattern formation on daily chart
3)On Monthly chart it's negative with 117.8 as last month low(August) which is an important support level.
(Note: Not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
Bombay Burmah Trading Corp - Head & Shoulder Pattern & Retest!!Bombay Burmah had given breakout of Head & Shoulder pattern and now has entered retest zone on a monthly time frame. It is looking good and can move towards our targets as mentioned in the chart. Other factors:
1. Monthly Time frame set-up : Head & Shoulder Patter breakout and retest on a larger time frame is much stronger set-up. On a smaller time frame it can come down till support level given market conditions.
2. Stock price is taking EMA 20 as a support on MTF
3. Holds 50% in one of the
Mastering the Head & Shoulders Pattern: A Powerful Chart PatternHello Traders!
Today, we’ll be diving into one of the most powerful chart patterns — the Head & Shoulder Pattern . It’s widely used by traders to spot trend reversals, particularly from bullish to bearish trends. If you’re looking to refine your technical analysis, understanding this pattern will significantly boost your trading edge.
Understanding the Head & Shoulder Pattern
The Head & Shoulders pattern consists of three peaks: the Left Shoulder , the Head (the highest peak), and th
Ethereum at a Critical Turning Point: Head & Shoulder PatternEthereum Technical Chart Study
Ethereum is showing some interesting price action. It recently took resistance from its resistance zone and is now forming a classic Head & Shoulder pattern—a structure often signaling potential reversals.
Currently, the price is sitting right at the neckline of the Head & Shoulder pattern. If this neckline breaks, it could lead to further downside movement.
Looking below, there’s some key support to watch:
1. The 2800 resistance zone, which Ethereum broke out
Nifty 50 | Head &Shoulders Pattern – A Breakdown Ahead?Hello everyone! I hope you all are doing great in life and in your trading . Today, I have brought an in-depth analysis of Nifty 50, focusing on a powerful Head & Shoulders pattern that is currently forming on the charts. This pattern is known for signaling a bearish reversal, which increases Supply in the market pushing prices downside. If this pattern plays out as expected, we could witness a strong Downside move in the coming sessions.
Currently nifty is trading at 23,340 levels Where pr
Redington Ltd – CNH & Inverse H&S Trade with Caution!🚀 Pattern Highlights
Cup and Handle & Inverse Head and Shoulders:
Redington is showing a potential Cup and Handle (CNH) formation alongside an Inverse Head and Shoulders, signaling a breakout at ₹238–₹240.
📊 Technical Levels
Entry: ₹238–₹240 (Breakout Level)
Stop Loss: ₹181 (24% below, on a daily closing basis)
Target: ₹340 (~42% upside, positional/medium-term)
Risk-Reward Ratio: ~1:1.75
🕵️♂️ Observations
1️⃣ The stock is trading within an ascending channel, forming higher lows.
Avanti FeedsSL day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Bank Nifty Chart Analysis Trading Opportunity Ahead Bank Nifty Chart Analysis for Budget Day and Net Month
Bank Nifty has formed a **Head & Shoulder pattern** and has already given a **breakdown** 📉. Now, the key focus will be on whether the pattern **succeeds or fails**, which will determine the upcoming market direction. Be prepared for **both possibilities** in the trading sessions following the Budget announcement.
🔹 **Best Trading Opportunity**:
To take advantage of the volatility on Budget Day, a **hedged pos
Dow Jones ready to resume DOWN TREND!#DJI DJ:DJI
Attached: Daily Price Chart as of 20th Jan 2025
Time for Dow to DUMP again🩸 and resume its former Down Trend📉
as the rally since 18th December is a sideways corrective flat wave pattern and so the Impulse Bea Wave to follow next🐻🔨
Price can target 200 Day EMA, also forming a HNS Pattern and then take it level by level for further breakdowns
Head & Shoulders Alert: Jain Irrigation Systems (JISLJALEQS)
Entry: Above ₹84.36 🚦(Safe Traders Wait for a close above )
Stop Loss: ₹68.41 (SL: -19%) 🛑
Targets:Target 1: ₹106.52 🎯 (+26.2%)
Target 2: ₹136.84 🚀 (+62.2%)
Risk-Reward Ratio:T1: 1:1.38
T2: 1:3.27
Profit booking is subjective. Book profits as per your appetite.
📈 Technical Highlights:
Pattern: Forming a Head & Shoulders (Positional pick).
Volume: Picking up significantly 📊.
Candle: Closed below major resistance with a wide-range candle.
DMA Levels: Trading above 30DMA & 50DMA, sh
Ircon International SL day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Aegis Trying to breakout of a long consolidation. Observations:
1⃣Trying to break out of consolidation/DarvasBox.
2⃣Closed Right below previous ATH/Resistance.
3⃣Huge Volume
5⃣Inverse Head &Shoulders on DTF.
6⃣Dry Volume During Consolidation/Pullback.
1⃣Action Plan:
➡️Entry Strategy: Enter on a retest of ₹969.5 in case of a gap-up opening or Enter Above 1017.25 with 50% qty and wait for a retest.
2⃣Risk Management: Place a stop loss at ₹843(Day Closing Basis).
➡️Use trailing stops to lock in profits as targets are reached.
➡️Volume Co























