Bank Nifty has given a very good technical entry today to go positionally Bullish. Flag Breakout in Daily chart and Inverted Head & Shoulder Breakout in intraday chart with a retest to touch ALL TIME HIGH! 2% Target can be easy coming in very short time.
The stock has broken a 1.5 yr inverted H&S with 3x weekly volumes. Buy at 273 for a target of 336 in short term. Use a 1:2 risk reward.
Nifty Media India is on the Verge of Break out. On Monthly timeframe - There is a Beautiful Cup and Handle Structure with an embedded Inv Head and Shoulder inside the Handle With the Media Index brimming near breakout level - some of the Media stocks are also at same situation B.A.G Films & Media - one such stock which has recently completed a 12 Year Breakout...
Time and again the stock market gets some knee jerk reaction from Investors based on some Hot News. But most news are shortlived and forgotten in forthcoming days. One such interesting counter is MMTC - A PSU Mineral Trading Company with 89% stake with Govt of India. Technical Analysis: Monthly - Inverted Head and Shoulder pattern indicating a...
Multi-Timeframe Analysis of Vedanta: Decoding the Dividend Yield Vedanta Ltd has been a Cash Cow atleast for past 2-3 years from a Dividend Perspective. More than the Stock price gain - It has provided Dividend Yield of more than 40% since 2022. A large portion of Dividend yields was being utilized to settle the Parent Company's Debt in UK. It was like a...
Here I have GBP/JPY on the 4Hr Chart!! Price has given us 2 Lows both returning to a very clear Resistance Area! This price action could possibly be outlining a very strong reversal known as an Inverted Head & Shoulders Chart Pattern!! Now with the Lower Low or "Head" being followed by Higher Low or "Right Shoulder", this Price Action signifies that price no...
Right now I expect we will experience the right shoulder, acting as a bull trap. The head of this inverted structure is quite spread out but there is a definite left shoulder evident. The right shoulder finishing wave allows a big bull move, I have shown this with the bars pattern tool.
Daily time frame has swing breakout and Inverted H&S pattern as well. the Inverted H&S pattern has 1:1.69 as risk reward ratio.
NASDAQ:AFRM should def be on your watch list going into 2024. To keep my analysis simple, we can see a major inverted head and shoulder forming with an approach to the neckline after completing the head. We can see a high probability of a rejection at this neckline due to the RSI showing overbought on the daily/weekly. I wouldnt short the neckline due to the high...
Possible buys coming, price currently displaying price action LH LL which may give us a reversal once the 3rd push LL reaches previous support level. We will see.
Hi Traders ! On The Daily Time Frame, The EURCHF Price Reached a Support Level (0.94357 - 0.94176) The Price Formed an Inverted Head and Shoulders Pattern. Currently, The Neckline is Broken. So I Predict a Bullish Move📈. Let's Wait for Retest... ----------- TARGET: 0.95940🎯
The stock has been attempting to move beyond the INR4200 mark since September 2023 but its every attempt in past was met with some strong supply around the 4200-4250 zone preventing it from moving beyond. In this ongoing tussle between the buyers and sellers in the past three months the stock made at least 3 attempts to breakout above 4200 and the very same 3...
A quick look at how Bitcoin could drop as low as 25-26k or even 22-23 and remain bullish. Bitcoin first broke above an inverted HS, which ultimately led to a parallel channel breakout on the weekly chart. We haven't yet re-tested the top of that channel. A re-test doesn't always occur, but if it does a re-test at 25-26k is easily still bullish and remains...
I see two scenario playing out for a long term bullish trade. Bias: Bullish Why: Neckline breakout of inverted head & shoulders with a positive earning gap. Scenario A: Price action is currently showing a bullish flag after the huge earnings gap up. We can see price retrace to test the end of the gap. With a high possibility of bouncing and breaking the bull...
Inverted Head and Shoulders pattern in Godrej Industries in Weekly Chart. Its an Multi Year Breakout.
Here we have USD/CHF on the 30 Min Chart! It looks to be outlining a potential Inverted Head and Shoulders Pattern upcoming!! The First Low or "Shoulder" @ .86792 followed by the Lower Low or "Head @ .86662 with price moving back up to the Confirmation of Pattern or "Neckline" @ .86973 makes me believe we will get a BREAK of Confirmation @ the 3rd touch of the...
Tracking 3 bullish trends on GME 15 MIN. a Bull Flag, Cup & Handle, and an Inverted Head and Shoulders. Lets see how this plays out. If we use the FIB EXT as a gauge we could see a bounce to 17.80 on the 15..