Inverse Head and Shoulders
WIPRO price analysis on 15 mins chartWipro is sustaining above 200ema and it has formed not one but two trend reversal patterns called INVERSE HEAD N SHOULDER , the other one called CUP N HANDLE. Both of these pattern are trend reversal price action pattern. Targets mentioned on charts. Trade at your own risk. Trade safe.
Inverse Head and Shoulder Pattern in GMDCLTDToday we seen GMDCLTD trying to give breakout inverse head and shoulder pattern with higher buying volume. Expected it will successfully breakout this pattern and reach its projected target 65+ in upcoming trading session. We seen buying volume from 57 level so we can place our nearest stop loss at 57. By risk management this trade have a potential to give nearly 1:2 risk-rewards.
Investment Notes(Technicals):
1) Inverse Head and shoulder pattern will give 65+ target
2) After COVID-19 fall in
Tatamotors - inverse head and shoulders Tatamotors looking to continue uptrend after a correction in form inverse head and shoulders.
We are looking at the target of 325 / 345++.
Nifty should support this move by breaking major resistance of 15000 - 15065.
Rsi showings strength and healthy volumes while breakout
Nifty forming Bullish Price Action patterns inside ChannelAll details mentioned on chart
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
Bajaj Auto - Inverse Head and Shoulder PatternBajaj Auto :
Buy Level = Near about 3700 level
Safe Stop Loss = 3600
Aggressive Stop Loss = 3560
Target 1 - 3850
Target 2 - 3900
Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
nifty index is is near breakout pointon hourly chart of nifty index, we can see that the inde is trading in the last wave of inverse H&S pattern. It is very near to the neckline which is situated at 14900 around. If price cross it northwards & sustain there , then it can move upward till 15300 round with some resistance of prior highs. If rejected at neckline , then vertical fall can be expected.
Inverse Head and shoulder on Weekly chart - QUICKHEALQUICKHEAL
Reason for the trade: Inverse Head and shoulder
Downtrend from Jan 18 (Distribution phase)
Accumulation started from Jun 19
Waiting for Breakout on the neckline area soon and start Mark up phase :)
Also high volume for past 3 months!!
Note: Only for educational purpose!!
Inverted Head and Shoulder ChartLikely to reach 780 level and more.
Pros: Trading nears its all time high, has registered a good result in last quarter and more over Pvc pipe has observed hike in their price during last month.
FLong























