Indian Oil: % years Inverse Head and Shoulder BreakoutIOC has been in an Inverted H&S pattern formation since March 2018 which it completed in July 2023. Inverted H&S patterns often implicate a bullish run post pattern breakout and they become crucial specially when the pattern is in formation phase for dew years.
IOC replicates a similar view and the stock has given a breakout in May 2023.
The run still continues supported with high crude oil prices as well. With a long term view the stock seems to go upto 129 levels in few months from now. (Given the pattern is observed in monthly chart)
Inverse Head and Shoulders
Bitcoin - Secret patterns for professional traders!
The price of Bitcoin is forming a head and shoulders pattern inside this descending parallel channel! Both of these patterns are bearish, so the probability of going down is really high at this moment. To become bullish, Bitcoin needs to invalidate both patterns. Then we can think about a long position, but at this moment, not at all!
You probably want to trade with a trend, and the trend is bearish on this particular timeframe. But in the immediate short term, we could go up to form the right shoulder of the major pattern; of course, that would be an excellent opportunity to short bitcoin at a great price!
Where is the profit target for the big short? I already market it on the chart, and it's between 23064 and 22853 because it is the POC of the previous expanding triangle + 1:1 FIB extension (wave 3 -> 4).
As per my Elliott Wave analysis, last week we printed a new impulse wave, which is very clear and visible. Everything in confluence suggests that we are bearish, and continuation of the downtrend is extremely likely and almost definitely a guarantee. Sooner or later, we will break the support of 25k.
This is my outlook on BTC for this month; do not forget to let me know in the comment section what you think about it and if you are prepared for another crash. I need to know your opinion!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
Inverted HS Targets ~11-13.5 centsHedera Hashgraph daily chart may be forming an inverted HS here targeting at least 10-11 cents, and possible 13.5 or so.
This idea lines up with other longer-term charts published, which also target 10-11 cents and expect a move back into weekly resistance should that level hold up.
See related ideas in the links below.
Wants to break outPrice has been accumulating for 3 months under an important resistance. It could break out at any moment, has been poking it several times. I just opened a long position, TP around the 15 level, use limit orders for TP this is a high volatile stock, For SL wait for a red daily candle to close for the same reason, price can drop but it also could bounce back up very fast due its volatility.
MLI -- longFor full disclosure I've been a long time holder of MLI. I love this company for its fundamental strength: They are a market leading, cost-advantaged provider of copper and brass tubing, fittings, and valves for the construction and HVACR markets. The company repaid all its long-term debt a couple of years ago, and has diligently expanded and upgraded its manufacturing facilities. They have modest capex requirements, and have delivered positive annual cash flow every year since 1992. While the 40%+ ROIC margin for 2022 was due to last year's unique environment (exceptional demand for building supply, high copper price, material shortages), they should easily out-earn their WACC year after year. The company trades at a very modest 11.1x next year EPS (based on a single analyst's estimate).
The stock took a huge beating following its earnings release, due to events beyond management's control: The business was impacted by lower copper prices, a tornado destroyed one of its manufacturing locations, and two separate factory fires (one of them caused by a third-party contractor) also impacted production.
More recently, though, MLI is showing signs of bottoming out. On the 1-hr chart an inverse head-and-shoulders pattern has emerged, and the stock looks set to break out from its declining short-term trading channel. There's also a bullish Black Swan pattern visible on the chart (patterns and channels drawn using @LonesomeTheBlue's fabuluous indicators). I don't usually pay much attention to Black Swan patterns but, according to the HPP indicator, for this ticker/aggregation period Black Swans sport an impressive win rate and profit factor.
I am looking to add to my long position with a T1 at the 3-month POC line (around 81). SL would be at the VWAP since the August 21 low.
#NMDC making shampoo pattern on weekly timeframe, go long?NMDC on weekly time frame is making a pattern named after a popular shampoo brand, "Head & shoulders :). Generally in Inverted head shoulder pattern breakout we can calculate the target basis range breakout method, so according to me above 134.5 it should touch 191 in coming months. But before touching 191 there are multiple resistances at 142/150/157/169, so we need to be careful around these levels.
Bitcoin - Bull trap of the year! (fake pump)
Bitcoin pumped significantly, but it's definitely a bull trap, so do not fall for it! We can see that the chart is printing a huge head and shoulders pattern, which is a very bearish sign.
This pattern is not confirmed yet as the neckline is holding, but the price is below the major blue trendline, which increases the probability of a breakdown!
The trend is not bullish anymore, and this pump is a great opportunity to short Bitcoin.
Where to take profit or buy bitcoin? I strongly recommend the 0.618 FIB retracement in confluence with the CME unfilled GAP. This is an extremely strong support, and we should see the start of a new bull market or at least a significant bounce from it!
I don't know about you, but I am bearish! Let me know in the comment section: are you bullish or bearish? I want to know your opinion!
Altcoins don't look good at all. I can see a huge crash on DOGE (70%). This indicates to me that Bitcoin is still not ready for a bull market.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
EQT- Going LongAfter being shorted to the N'th degree, and finally breaking out of the downwards channel EQT has been holding, EQT is seemingly consolidating here within a symmetrical triangle, as buyers continue to step in.
After breaking out of the downtrend, EQT has formed an inverse head and shoulders on the daily timeframe, along with finding support right in the FIB golden pocket, accompanied by a SMA golden cross. (See Attached Chart Below)
Will be keeping a close eye on the daily timeframe to start building a position in some synthetic longs and/or leaps. Bullish and am looking for another push upwards from here.
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.
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.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
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.