Inverse Head and Shoulders
AMARAJABAT: RIDE THE EV BOOMAmara Raja Batteries Limited, India's largest automotive batteries manufacturer, supplies automotive batteries to Aftermarket, top Original Equipment Manufacturers (OEM), Private Labeling and Exports to over 32 countries globally.
BUY @CMP FOR A TARGET OF 1021.
HORIZON: 16W
ALong
#SUNTV Inverted Head and shoulders.In the weekly time frame, we see an Inverted head and shoulders pattern above which is a strong resistance zone. Breaking of this resistance will give us a very clear upward movement.
We have given you all the possible outcomes in case of a breakout.
Educational purpose only - kindly do your own research.
Good luck.
BHEL - Inverted Head & Shoulders + DivergenceAn Inverted Head and Shoulders pattern broke out and retested itself inside a bigger Inverted Head and Shoulders Pattern.
The same move is expected on the bigger pattern as well.
*****
Please support the effort & if you feel it deserving, do appreciate it with a Like and following me would only add on to the motivation.
I believe in keeping the chart simple for easy interpretation.
Kindly express any disagreement & improvements so that we learn & earn together.
Always keep a stop loss to r
SPARC: Stormy wave 3 ?After long term correction, stock has given a breakout of a long term downtrend line & restested as well. On observation we can find an inverse Head and Shoulder pattern. The prices has given a breakout above the neckline of the inverted H&S with strong volume on weekly chart.
On the perspective of wave analysis, we can clearly count the up move from the bottoms to the necklines a full impulse 1-2-3-4-5 as wave- (i) and the right shoulder correction as a wave -(ii). The Breakout above the nec























