Inverted HS, testing broken resistancePrices just landed on the broken resistance and now support. I just bought some, not much. It may drop a little bit more. I'll wait a few days to see if there is some consolidation over the support to add more. For now, just a small position.
This stock is correlated with Bitcoin, so take a look to the crypto world to see how this one may move.
Inverse Head and Shoulders
one of the my stock now India exporting goods to other country one of the cheapest transportation media is water base so now our government working on ports developments. so keep it watch list
Gujarat Pipavav Port is India's first private sector port located on the south west coast of Gujarat near Bhavnagar. The port is strategically placed to on International Maritime Trade route which connects India with US, Europe, Africa, Middle East on one side and Far east on the other side.
stock break resistance level of 120 and now this level work as support stock may move 150 level with this support.
115 take as support may move 150+
volume in stock also good
weakly charts are study
two round pattern showing stock accumulation are going in stock.
fundamental analysis
stock at low PE level compare to 3,5,10 year PE. means that stock under value
ROCE 19.6% & ROE 15%
ZERO DEBT COMPANY
current & quick ratio are above 3.5%
good dividend payer
share holding pattern
pramoter 44%
FII & DI 43%+
NO RECOMMENDATION FOR BUY AND SELL
Head Shoulders is creatingChart 4H TF
BINANCE:MATICUSDT is creating a inverse head shoulders
Matic has the support around 0.53 so need wait a confirmation
Wait for next move to see happen
Inverted H&S | Descending TriangleFor a daily swing trend,
At 4H time frame there was a breakout for inverted H&S & descending triangle pattern.
From the CMP the target till the daily resistance, the SL considering the Inverted H&S or Daily support the risk : reward ratio are 1:44 and 1:25 are respectively.
Both the risk : reward ratios are good.
If my description is confusion please watch the video. haha :-)
Breakout stock life time High Weakly chart
1) Life time High working as resistance for the stock but now breakout at 228-230 level.
2) Channel pattern follow and now breakout.
3) Higher high and higher low formation.
4) 2018 and channel pattern breakout with High valume
5) global market in down but this stock breaking life time High so the have potential to create new life time High
6) stock may be take advantage of government development just resently announced by PM Modi
7) keep stop loss of 175-180
8) my Target to be 500 is the sentiments resistance
9) risk reward fit 1:6
10) 50SMA 170 this can be considered for stop loss
11) SMA 100 152
12) SMA 200 98
NO RECOMMENDATION FOR BUY OR SELL
Potential inverse HSPrice is forming an inverse HS, looks very strong, Is not confirmed yet but it is worth opening a small position and add at the break out. I think it can reach the $15 resistance, but let's see how it does now.
$WISH Bullish Inverse Head and ShouldersWe are currently observing a short-term inverse head and shoulders pattern, encompassing a 15-minute timeframe that includes pre-market and after-hours trading. It is worth noting that the trading volume has been below average in recent sessions.
Additionally, it is noteworthy that our esteemed management has been granted a window of 141 days to execute a share buyback program, with the objective of repurchasing shares valued at $50 million. This strategic move by management aims to optimize the allocation of capital and potentially enhance shareholder value.
$WISH 15 minute bullish inverse head and shouldersWe are currently observing a short-term inverse head and shoulders pattern, encompassing a 15-minute timeframe that includes pre-market and after-hours trading. It is worth noting that the trading volume has been below average in recent sessions.
Additionally, it is noteworthy that our esteemed management has been granted a window of 141 days to execute a share buyback program, with the objective of repurchasing shares valued at $50 million. This strategic move by management aims to optimize the allocation of capital and potentially enhance shareholder value.
BANK NIFTY INTRADAY LEVELS FOR 07/08/2023INVERSE HEAD & SHOULDER PATTERN
BUY ABOVE - 44550
SL - 44430
TARGETS - 44730,44980,45130
SELL BELOW - 44280
SL - 44420
TARGETS - 44070,43830,43570
Previous Day High - 45040
Previous Day Low - 44280
NOTE: I'm not available on Monday. Please not this levels & trade safely with this levels only Okay
I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
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JD.com Inverted H&SJD.com has created an inverted H&S pattern over the summer and is attempting to break above the neckline. This isn't a textbook H&S since the neckline hasn't been a hard resistance level for price when looking at the violation above the neckline at the right shoulder, but that appears to have been an outlier with a gap up and almost immediate gap back down below the neckline. Although not textbook, this pattern is similar enough to warrant attention as price is currently attempting a break above the neckline.
The PPO indicator shows the green PPO line rising above the purple signal line which indicates short-term bullish momentum. Both lines trending above the 0 level indicates intermediate to long-term bullish price momentum. Going forward we want to see the green PPO continue to rise above the signal line.
The TDI indicator shows the green RSI line rising and crossing above the 60 level while trending inside the upper half of the white Bollinger Bands. This indicates a short-term bullish trend in price. Going forward we want to see the green RSI line continue to rise above the 60 level, with an overall trend between the 40-80 levels to indicate intermediate to long-term bullish price trend.
My entry on this trade was at $38.98 with a current stop-loss at $35.57. Should price break above the neckline and continue to rise I'm looking at resistance near the 200ma at the $45 area to take profit, but am also going to be watching for a potential measured move near the $48 level if price manages to push through the 200ma with ease.
BTC's Inverse Head and Shoulders Pattern Signals Positive OutlooThe formation of an inverse head and shoulders pattern has provided Bitcoin (BTC) with a positive outlook for the day, successfully rebounding from the resistance level at 29,500 USD. As this pattern is already in full swing, the technical target is now set at approximately 30,630 USD.
COINBASE Victory lapCoinbase wins decision over SEC lawsuit pushing the stock here this is a big accomplishment and win for the company. With blackrock wanting to create a bitcoin ETF and coinbase being a potential part of that and Earnings coming up this can ROCKET!
Short term watching for a break out of the wedge and a 59% gain up to $100.
This stock was once at a high at $430
Lockheed Martin Closing Gap?Lockheed martin earnings play. This stock has my interest with multiple contracts with the government and missing 1 of the last 5 earnings.
Lockheed is no stranger to getting multiple contracts. A lot of constant contracts coming in with government agencies and commercial airlines.
For a month it has been consolidating jun-jul and recently broke out of consolidation.
coming up on earnings July 18th with price targets ranging from 498 to 579 and a strong out look from 1- 5 out of 5 its sitting at a 5 for earnings beat from Earnings whispers.
Im Bullish looking for at least a gap fill at $475
Trade responsible,
#TradeTheWave
$LXRX - Inpefa FDA Approved - Inverse H&S - BOOM BOOM ROOMThis could be a game changer. Marketcap of Lexicon Pharm that produces Inpefa is only $538M with plenty of cash on hand. Competitor drugs Jardiance from NYSE:LLY and Farxiga from NASDAQ:AZN did over $6B and $4B revenue respectively in 2022 and expected to grow quite a bit over the next few years. Inpefa received FDA approval and was rolling out commercialization and sales at the end of June. This should be a fun ride! This is my own opinion and should not be taken as financial advice. Own your own trades.
Inv h&s on XLMUSD points to a .147 - .15 targetYou can see here on the 1 day chart xlmusd has formed an inverse head and shoulder pattern with it only just recently rounding out the 2nd shoulder and returning now back to the neckline. As always I must wait for a breakout confirmation above the neckline and some confirmation from volume before basing my buys off of this but I anticipate it will likely confirm in the not so distant future considering the recent move by coinbase to use stellar for USDC. I’m hoping to get a retracement too before a full breakout above the neckline in which case I will try to wisely piece meal buys on the dip. I have placed an arbitrary dotted measured move line where I think a potential breakout could occur in which case the target is somewhere aroun 14-15 cents. *not financial advice*