Inverse Head and Shoulders
Inverted Head and Shoulder / Breakout Canara Bank has formed Inverse Head and Shoulder Pattern on the daily time frame.
Broken resistance on high volume candle
Now the resistance will act as support if the stock retest its resistance look for an opportunity to buy at 156-155
Buying at retest will enhance the Risk-Reward ratio
Target 184
SL 153 (50%)
SL 147 (50%)
Axis Banks in inverted head and shoulders patternKEY TAKEAWAYS
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline.
For Educational Purpose Only
MHARASHTRA SEAMLESS : Inverse H&SA breakout of inverse Head & shoulder formation with neckline of 314 has been spotted. The pattern suggests a continuation of the previous HH & HL trend. One can buy the stock on cmp & add on dips with maintaining the SL of 300 and look for the target of 360 (measured tgt) later 380/410
DMART - Inverse Head & Shoulder PatternIt is an Inverse Head & Shoulder Formation.
On 18 may 2021, There is a Candle with a good volume breaking the Neckline of the Pattern. This is a positive sign or a confirmation for an Up move. Stock price is taking support of a Neckline. If stock shows some up move and when it breaks the nearest swing high (red candle next to the breakout candle) we can take entry for Swing or Positional trade.
So the Entry price is above 3090.95, we can take entry between 3095-3100.
Formula to calculate the
IMFA - 1W TF - Inverse Head & ShouldersA POTENTIAL Inverse Head & Shoulders pattern forming on Weekly Chart of IMFA. BUY 270, 285, SL 224.9, Target(s) - 340, 360, 380, 400. It has to cross the swing high of 283.4 and above 285 for the breakout. Measurement = 185. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
ULong
Kolte Patil Flag Breakout and Inverse Head and Shoulders patternThis has Perfect Flag breakout and Inverse head and shoulders pattern getting formed.
Inverse head and shoulders pattern are usually seen at bottom of the trend and are strong.
Long near 250 SL 205 target 400-500 and beyond
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Inv























