Get started

Head-and-shoulder

Reliance Head and Shoulder Pattern Hourly ChartHead and Shoulders Pattern: This is a popular chart pattern in technical analysis that can indicate a potential trend reversal. It consists of three peaks: a higher peak (head) between two lower peaks (shoulders). It suggests that the stock's price might change direction from an upward trend to a downward one. Left Shoulder, Head, and Right Shoulder: These refer to the three peaks in the pattern. The left shoulder has a high of 2543, the head has a high of 2630, and the right shoulder has a high of 2559. The head is the highest point among the three. Breakdown Target: In a head and shoulders pattern, analysts often measure the potential downward movement after the pattern completes. The "height of the head" is the vertical distance from the head's high to the neckline (more on this in the next point). In this case, the height of the head is 2630-2473=2316. Neckline: The neckline is a support level that connects the lowest points of the two troughs between the peaks (shoulders) in the pattern. In this case, it seems like the neckline is at a value of Rs. 2473. Breakdown of the Neckline: A significant event occurs when the stock's price breaks below the neckline. This is seen as a confirmation of the pattern and a potential signal for a trend reversal. In this scenario, if Reliance's stock price drops below Rs. 2473 (the neckline), it suggests a potential further decline in price. Downside Target: The "156 point downside in reliance" refers to the expected price movement if the breakdown occurs. It's calculated by taking the "height of the head" (difference between head high and neckline) and subtracting it from the neckline value. So, 2630 - 2473 = 156. In summary, the analysis suggests that if Reliance's stock price breaks below the neckline value of Rs. 2473, there could be a potential downward movement of 156 points in the stock, based on the head and shoulders pattern on the hourly time frame. This type of analysis is used by traders and investors to make informed decisions about buying or selling stocks. The information provided here is for educational and informational purposes only. It does not constitute financial advice, and I am not a financial advisor. Disclaimer: Trading stocks and making investment decisions involves inherent risks, and you should always conduct thorough research and consider seeking advice from qualified professionals before making any financial decisions. The analysis presented, including the target price calculation, is based on technical patterns and historical data, which may not accurately predict future price movements. The actual performance of stocks can vary widely from any analysis or prediction. Always exercise caution and due diligence when making investment choices. Thank you.
NSE:RELIANCEShort
by imkhushal
2
Inverse Head and Shoulder BTCUSDBased on the current Bitcoin chart, we can see a potential inverse head and shoulders pattern forming. The neckline is around the $24,600 level, and if Bitcoin breaks above this level, it could confirm the pattern. If the inverse head and shoulders pattern is confirmed, the target price for Bitcoin would be the distance between the head and the neckline projected upwards from the neckline. In this case, that would give a target price of around $26,111. It is important to note that the inverse head and shoulders pattern is not a guarantee of a trend reversal. Traders should always use other indicators and analysis techniques to confirm their trading decisions. Additionally, the cryptocurrency market is highly volatile, and prices can move quickly and unpredictably. Therefore, traders should always use proper risk management techniques and be prepared for unexpected price movements.
Long
by Volatility90
1
POLKA DOT MASSIVE HEAD AND SHOULDER !!CRYPTOCAP:DOT after getting rejection from 10B marketcap polka dot seems to be forming an Head and shoulder pattern on 12 hour timeframe could be seen on other lower timeframe as well. the point I am trying to make here is next month is September. which is not really good for for crypto statistically speaking. (though anything could happen) I am looking to buy polka dot under $6 which is really great opportunity for long run. we could see polka dot close to $3-$4 in lowest time of the market. which is still a healthy correction for next run. we are not going to make new All time high up until next year I think. i am now waiting for neckline to break and i will put a massive $1 MILLION worth of trade :) Happy trading
CRYPTOCAP:DOT
by CryptoSlazy
NEAR 1D Classic head and shoulder shoulder training. Now what is happening is an inverse movement symmetry where the first top of 3.0792 has already been reached and goes to the top of 4.418 as indicated in the chart. Spectacular NEAR both for trading due to its high daily trading volume and good for HOLD due to its fundamentals and development. Global macroeconomic and geopolitical situations justify this drop of 77.45% since its ATH. NEAR recently partnered with Google cloud. Follow the link. near.org Support and resistance on the 1H chart SUPPORTS: 2.974 / 2.956 / 2.803 RESISTANCES: 3,0083,094 / 3,180
by ferulianov
1
Op/USDT In Falling Wedge and Range [not so OP right now] Opusdt is in a Falling Wedge and in a range Opusdt broke the support now we can see resistance from the previous support and support from the previous resistance and all these in a range inside of the Falling Wedge Pattern After breakout we can see significant movement in opusdt If we breakout upside than we have Falling Wedge Pattern confirmation but If we breakout downside than we have Head&Shoulder Pattern Confirmation P.S.THIS IS NOT A FINANCIAL ADVICE
Short
by TrueUrBoss
BNB - H&S pattern and key levelsToday whole crypto market is likely open in red. Btc failed to break it's level of 25k again. With this trend bnb is also back to its 330 to 315 range. Now here we can see that it's standing on 200ema in daily time frame also it forms head and shoulder pattern. Which technically indicates that price may come down with trend so we have to be prepared for some negative move on short time. If head and shoulder pattern breaks it also break it's consolidate zone of 330 to 315 we can directly see target of 300 . we will not try to enter blindly after seeing big red candle. Mostly retest is done for good pull back so be prepared for that also. If you are a risk taker and if market follow our idea than should try to achieve Target of 200 Ema in 4hour ti.e frame. Here I give chart pic include target and sl with suitable risk reward ratio.
Short
by pithiyamaulik137
Prime time for soybean meal?Similar to our previous idea , we think grains are primed for a move. With soybean meal futures jumping over 10% from last week, some technical set-ups have come into play. Firstly, the September soybean meal contract shows a 7-month head-and-shoulder pattern which failed. A broken right shoulder suggests bullish strength. Secondly, the December soybean meal contract is showing a bull flag that is breaking out, which is also a bullish signal. Combined, we believe soybean meal futures are primed for an upward move with both technical set-ups proving bullish. Entry at 435, stops at 420. Targets at 468 & 490.
CBOT:ZMZ2022Long
by inspirante