Inverse Head and Shoulders
Breakout in BioconBiocon has given breakout of Inverted head and shoulder pattern. VWMACD is also indicating starting of upmove. Immediate resistance trend line is placed at about 395, once it close above it , it can give good upmove. Rest is detailed at chart
Disclaimer : This is for education purpose only.
Bank of Baroda - Possible BO1. Inverse Head & shoulder pattern formed. (Possible BO from here)
2. Price also formed symmetric triangle (BO & retest completed) within the H&S pattern.
3. Entry suggested after proper breakout.
Targets as per previous swing highs:
Target 1 : 133
Target 2 : 157
Target as per Inverse H&S Pattern: 177
SL : Low of Right shoulder
#marutisuzuki bank potential weekly inverted H&S breakout#marutisuzuki bank potential weekly inverted H&S breakout
This auto sector major potentially is breaking out of a inverted head and shoulder patter on weekly charts
The sector is one among strongest in the market as of now.
The momentum also is bullish on all timeframes alone with and ADX trend indication of rising strength.
The current multi year resistance from where price has broken out of had given stiff block on price several times
And therefore probability is more of sustaining it with a
Breakout Of Inverted Head & Shoulder Pattern In AmarajabatteryBreakout Of Inverted Head & Shoulder Pattern Can Buy In CMP For The Target Of 712/735
ALong
SASKEN PositionalWhy this trade..??
1. Inverse Head & Shoulders pattern
2. Rejection at Fib 38.2% level
Reasons mentioned in the chart.
Disclaimer : This view is for educational purposes only and it's my personal.Please Consult your financial advisor before attempting any trade.We're not responsible for your profits or losses.
SWING TRADE - BAJAJ HINDUSTAN SUGAR LTD - R:R @ 1:2Potential Opportunity as Swing Trade in NSE:BAJAJHIND
Risk : Reward - 1:2
Entry - 15.30
Stop Loss - 14.10
Target - 17.70
This is for Educational Purpose only, apply your prudence & consult your adviser before any investing.
HAPPY TRADING...... :)
#nse #swingtrade #nifty #bajajhindustansugar #nifty50 # #inverseheadandshoulder #trendline #headandshoulder #re-test # retracement #bullish
WELSPUN INDIA LONGOpen chart for detailed analysis
Add @CMP
SL @145 for prescribed targets
FOLLOW FOR MORE IDEAS
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WLong























