Head and Shoulders
Navin Fluorine INT - Looks Good!NSE:NAVINFLUOR - Daily Chart analysis
Price Vs RSI divergence seen on daily chart
Price Vs MACD divergence seen on daily chart
Bullish Head and Shoulder Pattern seen on daily chart.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
Ageis Logistic - cup and hand & head and shoulder patternAgeis Logistic is forming 2 formations - cup and hand & head and shoulder on weekly basis. Short Target of 450 and we can expect a long term target of 600+. Other factors:
1. RSI is improving, sustainable above 60 will make it bullish
2. MACD is positive
3. Volumes is increasing
4. Highest ever TTM Net profit
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ALong
Investment pick:-SAILSAIL is on the verge of giving big monthly breakout from trendline.
It is one of the few PSU stocks which have not shown rally in past couple of years.
We can expect huge upside in this stock given the improved profitability and efficiency of the company.
Definitely a must have stock in portfolio if interested to invest in metal sector.
However, metal sector is highly cyclic and have higher risk associated.
Supriya Life-A picture perfect IHNS breakout!If you are a pattern breakout trader, you will definitely love this idea!
Supriya life science has given a good breakout from inverted head and shoulders pattern and is looking strong for a reversal.
Stock can test ATH levels soon and might give bigger targets in future. Stock should give weekly closing above 400 for confirmation. Safe traders must wait for tomorrow's closing before entering.
A must stock to keep in watchlist!
Nifty 50 - Inverted Head N Shoulder Fresh Buying 22 Apr 2024Nifty 50 - Inverted Head and Shoulders Pattern with Fresh Buying Signals (as of 23-04-2024)
This chart analysis highlights the emergence of an inverted head and shoulders pattern in the Nifty 50 index, indicating a potential bullish reversal. The pattern consists of three troughs, with the middle trough (the head) being lower than the two surrounding troughs (the shoulders).
The breakout above the neckline, formed by connecting the highs of the shoulders, suggests a shift in momentum from bea
Solara-A risky reversal trade for multibagger returns!Solara is a loss making pharma company which has been consolidating in a tight range from last couple of years.
If stock sustains above 500, we might see quick movement like the one we saw in Wockhardt & SPARC.
Company doesn't have good fundamentals, so keep it as a trading position and less amount if you want to.
Nifty IT Head and Shoulders Pattern Breakout Down SideNifty IT index (CNXIT): it has recently experienced a breakout to the downside from a head and shoulders pattern, indicating potential bearish momentum. This pattern typically signifies a reversal of the previous uptrend, suggesting a possible downturn in the IT sector. Traders may consider adjusting their strategies to account for the increased likelihood of further declines in Nifty IT stocks.
ICX: Bullish Reversal Ahead?🚀💎 Paradisers, it appears that #ICXUSDT has formed an inverse head and shoulders pattern, which often signifies a potential bullish reversal.
💎Should #ICXUSDT successfully breach the resistance level, it would confirm the inverse head and shoulders pattern, potentially leading to a bullish movement.
💎In the event of a pullback, we may anticipate a bounce from the bullish Order Block (OB) due to the prevailing bullish market structure.
💎However, if the price breaks down below the bullish OB wit
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BOND is gearing up for a potential bullish breakout! 🚀💎 Paradisers, #BOND has recently exhibited notable market dynamics, showing signs of bullish reversal with CHoCH and the formation of an inverse head and shoulders pattern.
💎If the price breaks above the resistant level, it would confirm the bullish reversal pattern, potentially leading to targets being reached up to the next resistant level.
💎In the event of a pullback, we may anticipate a bounce from the demand level. However, it's advisable to wait for confirmation before entering any trade
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