Get started

Invertedheadandshoulders

Buy ITC cmp 425.50, target minimum 480, SL-399Fundamentally and technically sound, ITC is a perfect buy looking at overall market conditions which is currently on high valuations. At current price, ITC provides a value comfort and technically this stock has done a price and time correction at the same time. Currently we see that chart is forming Inverted Head & Shoulders pattern on a daily time frame which is extremely bullish pattern and indicates the reversal of downfall and bottom formation. Aggressively buy this stock at 425-430 levels and wait patiently for a minimum target of 480, stop loss at 399.
NSE:ITCLong
by PrashantDahale
1
How to Plot Head & Shoulders Pattern on TradingViewWelcome back, Traders! We’re excited to have you here on TradingView where we share valuable trading insights and educational posts to help you succeed in the markets. Today, we’re diving into one of the most reliable chart patterns in technical analysis: the Head and Shoulders pattern. Understanding and identifying this pattern can significantly improve your trading strategy, whether you’re dealing with forex, stocks, or commodities. What is the Head and Shoulders Pattern? The Head and Shoulders pattern is a bearish reversal pattern that indicates a potential end to an uptrend and the beginning of a downtrend. It consists of three peaks: Left Shoulder: The first peak followed by a decline. Head: The highest peak followed by a decline. Right Shoulder: A peak similar in height to the left shoulder, followed by a decline. The neckline is the support line that connects the lows after the left shoulder and the head. How to Trade the Head and Shoulders Pattern: Identify the Pattern: Look for the three distinct peaks with the head being the highest. Draw the Neckline: Connect the lows after the left shoulder and the head to form the neckline. Entry Point: Enter a short position when the price breaks below the neckline. Target: Measure the distance from the head to the neckline and subtract this distance from the breakout point to set your target. Stop Loss: Place a stop loss above the right shoulder to manage your risk. Inverse Head and Shoulders Pattern Conversely, the Inverse Head and Shoulders is a bullish reversal pattern signaling the end of a downtrend and the start of an uptrend. It consists of three troughs: Left Shoulder: The first trough followed by a rise. Head: The lowest trough followed by a rise. Right Shoulder: A trough similar in depth to the left shoulder, followed by a rise. The neckline is the resistance line connecting the highs after the left shoulder and the head. How to Trade the Inverse Head and Shoulders Pattern: Identify the Pattern: Look for the three distinct troughs with the head being the lowest. Draw the Neckline: Connect the highs after the left shoulder and the head to form the neckline. Entry Point: Enter a long position when the price breaks above the neckline. Target: Measure the distance from the head to the neckline and add this distance to the breakout point to set your target. Stop Loss: Place a stop loss below the right shoulder to manage your risk. Follow us on TradingView for more helpful ideas and educational posts! Stay tuned as we continue to share insights that will help you on your trading journey. Happy trading! - BK Trading Academy
Education
by BKTradingAcademy
7
Tesla Analysis!NASDAQ:TSLA Analysis on a Weekly Timeframe! Multiyear trendline breakout in Tesla! Inverted Head and Shoulders Pattern formation at Support! Neckline breakout in Tesla! Of course we have missed the entry in a Tesla but take is as a learning. Where I have combined Multiyear Resistance trendline with Inverted Head and Shoulders Pattern. So what we need to do is ,Identify the chart pattern on a longer timeframe and after that on the event of breakout need to come down to lower timeframe. As I marked all the levels on a weekly timeframe but we can enter in the stock on a Daily Timeframe. Disclaimer = Consider my analysis for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NASDAQ:TSLALong
by Avinash9087
Inverted Head and Shoulders: A Comprehensive GuideThe Inverted Head and Shoulders pattern is a popular and reliable reversal pattern that signals a potential shift from a downtrend to an uptrend. Understanding and identifying this pattern can provide traders with profitable trading opportunities. Anatomy of the Inverted Head and Shoulders Pattern. Left Shoulder: The price declines to a trough and subsequently rises. Head: The price falls again, forming a lower trough. Right Shoulder : The price rises once more before declining to a trough similar to the left shoulder. Identifying the Pattern To accurately identify an Inverted Head and Shoulders pattern, look for the following characteristics: Three Troughs: The head should be the lowest point, with the two shoulders on either side. Neckline: Draw a trendline connecting the peaks of the two shoulders. This line acts as a resistance level. Breakout Confirmation The pattern is confirmed once the price breaks above the neckline with increased volume. This breakout indicates a reversal of the previous downtrend and the start of a new uptrend. Trading the Inverted Head and Shoulders Entry Point Enter a long position when the price closes above the neckline. To reduce false breakouts, consider waiting for a retest of the neckline as support. Stop-Loss Place the stop-loss order below the right shoulder to limit potential losses. This level provides a cushion against false breakouts and unexpected market movements. Target Price The target price can be estimated by measuring the distance from the head to the neckline and projecting this distance upward from the breakout point. Example: Example Reference image of chart ONGC on Daily Time Frame shared below Distance from Head to Neckline: 62 points Breakout Point: 280 points Target Price: 342 points Practical Example of ONGC chart The neckline is drawn connecting the two peaks at 280 level. A breakout occurs at 280 level with increased volume and now candle closed bullish at 288 levels with Good intensity of Volumes. Key Points to Remember Volume: Volume should increase during the formation of the pattern, especially at the breakout point. Timeframe: The pattern can form over various timeframes, but it is more reliable over longer periods. Market Context: Always consider the broader market context and other technical indicators to confirm the pattern. Conclusion The Inverted Head and Shoulders pattern is a powerful tool for traders looking to capitalize on trend reversals. By understanding its structure and applying disciplined trading strategies, traders can enhance their ability to identify and profit from these patterns. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Happy Trading! RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:ONGCEducation
by RK_Chaarts
2
Wild tradeMassive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED. This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out. Open a long position and add at every pull back. We will have a fight at the upper vertex of the triangle. The SL triggers if the inverted HS pattern is busted in the weekly timeframe. Give it time. In Forex you only need a few trades a year to make great profits but patient is needed.
Long
by ArturoL
3
Altseason - are you seeing this?Others dominance may be wrapping up a right shoulder on he weekly. The right shoulder may take longer than the indicator has drawn, however so I've drawn my own next to it in white. As confluence for this, the larger pattern began taking shape after a smaller one formed within its head. The smaller inverted HS is already confirmed and is presently re-testing its neckline, pullbacks below failing so far. Its targets are 16% and then just slightly over 19% and just below ATH, should it hold after another test or pullback. Targets for both: The smaller HSi would confirm the larger one by reaching its TP 1 at 16%, and then holding above ~13.5% or so. TP 1 as measured for the larger HSi on the non-log chart is 19.7%, or slightly above ATH. Its logarithmic measured TP 1 is above ATH around 24.15% Conclusion: Altcoins may regain its prior ATH in market dominance, somewhere around 19.5%, and could approach 24-25%
CRYPTOCAP:OTHERS.DLong
by dudebruhwhoa
LINK Potential IH&S, High Confluence, $26 Target 1, $32 Target 2🎯 TL;DR Potential IH&S + W3 Target: $26; W3 Target 2: $32; High Confluence 📈 With the recent dip to $15.3, BITGET:LINKUSDT might be forming an Inverted Head & Shoulders (IH&S) pattern with a $26 target. The 50VWMA is acting as support in this area, and TD Sequential printed a Perfect Buy Setup (red M9) yesterday, offering additional confluence. This retracement is also 61.8% of the previous leg up, setting a potential Wave 3 Target 1 also at $26, and a potential Wave 3 Target 2 at $32. ✅ Confirmation would be a daily close above the neckline at $19.3. For a safer entry, wait for a daily close above $20, which is a previous resistance, a High Volume Node (HVN) and a key psychological level. Keep an eye on $22.9 as it previously triggered a rejection. ❌ Invalidation would be a daily close below $15.3, and it would likely lead back to trading in a rectangle between $12.8 and $19.2. If you have any questions about the TA, feel free to ask. I am always more than happy to share and discuss charts. Not Financial Advice
Long
by AliferCrypto
The Magical Flying Train - RVNLJust as I explained in my blog the following sectors are going to blast after the Elections given the Government's focus and investments Railways Defence Space Infrastructure Green Energy AI And like the Indian Preamble says "For the People, By the People, Of the People" - the above sectors are For - consumption by Indian people By - Indian Companies Of - Indian Technology We are neither dependent on FIIs for their money nor any foreign nations for their Skillset / Manufacturing capabilities. True signs of Atmanirbhar Bharat which will go a long way in to the next Decade Now, let's compare the Daily and Weekly Charts of RVNL Daily Chart: Today - RVNL broke out of a Bullish Inverted Head and Shoulders pattern and it blasted more than 15% Intraday to even the Reach the Target 345 - same day Weekly Chart: On Weekly - the price is seen to be Travelling within a Parallel Channel and repeatedly forming a Rounding Bottom structures. With the completion of Inv H&S target on Daily, the price actually triggered a Fresh Rounding Bottom BO for weekly. If price settles above 345 by Friday (WCB) - then Target is 478 Additional Targets: On Weekly, when the price formed a BO - Rest of Prior Rounding Bottom (144 - 345 - 200) - it had a perfect Fib 0.618 Golden Ratio Retracement which comes with their own Targets Outstanding Targets: Fib 1.0 Target - 405 Rounding Bottom Target - 478 Fib 1.618 Target - 520 RVNL has a long way to go - keep holding for bigger returns Disclaimer: Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:RVNLLong
by Stocks-n-Trends
#Bitcoin [ Inverted Head And Shoulders - Short Squeeze Combo ] BTCUSD has printed an allbeit slanted yet very nice inverted head and shoulders that has retested and played out perfectly so far. The measured move coincides with multiple high time frame short liquidation levels (Not marked on this chart) with the biggest level being a 6 MONTH high volume liquidation level at $74,045. This strong of a #shortsqueeze could easily amplify the measured move, which I have extended, using the 150%-161.8% fib levels. The extension also lines right up with where all short liquidation levels end on the Coinglass heat map.
COINBASE:BTCUSDLong
by DoozerInvest
The Thundering Bullet Train - Titagarh Rail SystemsRailways stocks are back on fire once again... Here is a Glimpse on one promising stock that has good upside left Titagarh Rail Systems - Comparison of Daily and Weekly Chart Patterns 1. Daily Timeframe: Inverted Head and Shoulder pattern - Target 1250 already reached 2. Weekly Timeframe: While the Inv H&S pattern reached its defined target, the price has formed a Fresh Rounding Bottom BO on Weekly (BO done above 1250) Targets: 1475, 1640 (as part of older patterns) 1715 - Target set for the Rounding Bottom BO on Weekly Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:TITAGARHLong
by Stocks-n-Trends
Bajaj Hindustan - On Sugar Rush :)Bajaj Hindustan Sugars is in Super Bullish Mode off late. Let's compare the Weekly Vs Quarterly pattern below On Weekly: 1. Price is about to BO of Rounding Bottom Pattern above 40.5 for Target of 54 2. Fibonacci 0.618 retracement for Targets of 42, 50 On Monthly: 1. Inv Head and Shoulder BO confirmed on Monthly for Target of 54 (which is matching the Rounding Bottom BO on Weekly) 2. Larger Rounding Bottom BO pending above 40.5 for Target of 78 Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:BAJAJHINDLong
by Stocks-n-Trends
Balmer Lawrie - The Bulldozing Lorry :)Balmer Lawrie - PSU Pick - Comparison on Monthly Vs Daily *Monthly:* Rounding Bottom Breakout done for Target of 330. After BO, price completed 1st Target of 275 and had a FIB 50% Retracement back to the BO Zone. Next Fib Targets are 385, 495 *Daily:* On Daily, Price has Broken out of Textbook Inverted Head and Shoulders Pattern - for Target of 330 which is precisely matching the Rounding Bottom BO. See How one pattern leads to Another ? Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:BALMLAWRIELong
by Stocks-n-Trends
Pudumjee Paper - Ready to Print Currency Notes :)There is no Election without Liquor & Briyani, and neither without Advertisements about each political Party Liquor, Media, Paper stocks were expected to Rally from couple of months back, but none of them picked up the Rally until now where many portions of India has already completed Election Anyways, our earlier Pick of Paper Stock - Pudumjee Paper is all gearing up to print Money Bills soon Comparison on Daily, Weekly and Quarterly charts clearly articulate how Support and Resistance works and how each pattern contributes incrementally to another larger chart Pattern Quarterly View: 7 Year Rounding Bottom Breakout done. In between, the Price also had a Fib 0.5 scale retracement and Bounce with Extended Fib Targets as shown below Fib 1.618 Target = 98 Fib 2.618 Target = 139 Weekly View: Look at the Long Dragon Fly Doji pattern on the week of 11th March. Its a very important structure as it tested and bounced from 2 support levels. The Wick bounce from the Previous Cup and Handle BO at 55 The Candle body finished above the Multi-year Rounding Bottom BO Trendline (highlighted in Quarterly chart) Daily View: On the Daily, there are 2 bullish structures Inverted H&S - On verge of BO above 75 for Target of 98 - which matches FIB 1.618 target of Quarterly Rounding Bottom - BO pending above 84 WCB for Target of 114 As you can see the structures, patterns, supports, resistances and Targets of one Pattern has overlap / leads to the components of next larger pattern. These are NOT coincidences. This is how Chart patterns do get formed based on People Behaviour which is repetitive and which is governed by 2 main aspects (Greed & Fear) Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:PDMJEPAPERLong
by Stocks-n-Trends
Hindustan Copper - Is it Really Copper or is it Gold ???Multi-Timeframe Analysis on Hindustan Copper Short Term View: Daily Double Bottom BO done @ Daily timeframe for Target of 350. Just needs to sustain above 290 WCB. On the way, watchout for immediate resistances at 302, 310, 330 Medium Term View: Weekly Flag Pattern BO confirmed on Weekly timeframe. At the same time, it is facing resistance from previous High of 302. Sustaining above 303 WCB will take the price to 390 Long Term View: Monthly / 3Months Its an amazing Multi-year Inverted Head & Shoulder pattern BO on Monthly / 3 Months scale. 14 years BO since 2010. Target 615 perfectly intact Enjoy the Multi-bagger ride of Hindustan Copper.... Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:HINDCOPPERLong
by Stocks-n-Trends