Inverse Head and Shoulders
Bodal Chemicals Inverse head and shoulders breakoutDISCLAIMER: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. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Long on any dip
Complex Inverted Head & Shoulder Breakout** Inverted Head and Shoulders-
The inverse head and shoulders occurs when a downtrend reverses into an uptrend, and is basically the head and shoulders pattern we have just analyzed turned H & S pattern . As such, it’s really just a gradual change in the direction of the trend, marked by a penetrated trend-line and weakening of the current trend.
** The Complex Inverted Head and Shoulders _
Of course, everything is not straightforward, particularly in the trading world, and you won’t always g
Coal India forming - Inverse Head and Shoulder ??Coal India is in a down trend since long and like most of other public sector stocks is in a deep sleep. But the recent price action suggests it might be moving towards forming an Inverse Head & Shoulder. Things are still far from any kind of confirmation but have to keep an eye in the stock for next few weeks for any breakout.
Can Tata power reach the height of head?Tata power respected the price action nicely. Crossed our second target, pulled back to the first one and again moved up. Third target would be the next resistance corresponding to the height of the head of pattern. Let’s see. Previous chart in the link below.
HDFCLIFE || Inverse Head And Shoulders ||SWINGInverse Head And Shoulders :--
The price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
Buy - Above 730
TG1-880
Decisive break above 2770 can take the stock higherNSE:HDFC
Stock after a swift up-move has been consolidating for the last few trading sessions and has also attempted to breach 2770 levels multiple times but failed to sustain above it. It has also formed multiple price patterns which indicate a possible breakout.
A decisive break above 2770 can take the stock higher towards 2850/2900/2950 as long as 2710 is not taken out on closing basis.
All ideas shared are for educational purposes.
HLong
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