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DIXON – Complex H & S Pattern Formed – Bearish Outlook📉 DIXON – Complex Head & Shoulders Pattern Formed – Bearish Outlook Timeframe: 15-minute chart Date: May 5, 2025 🔍 Chart Pattern Observed: DIXON has formed a Complex Head and Shoulders (H&S) pattern, which is typically a trend reversal pattern. This specific setup consists of: Two Left Shoulders (LS#1 and LS#2) One Central Head Two Right Shoulders (RS#1 and RS#2) This complexity often adds higher reliability to the pattern due to multiple retests of key resistance zones. 📊 Technical View: The neckline of the H&S pattern has been tested multiple times. Currently, the price is hovering near the end of Right Shoulder #2, which suggests the possibility of a near-term top. A break below the neckline with strong volume could trigger a sharp downside move. 📉 Bearish Scenario Projection: Once the neckline is decisively broken, downside targets could extend toward the ₹15,000–₹14,600 zone. This matches the height of the head projected downward from the neckline. 🛑 Risk Management: Invalidated if price closes strongly above ₹16,900, breaching RS#2 high. Watch for breakdown confirmation with volume spike and bearish follow-through candles. 🔔 Conclusion: DIXON shows signs of exhaustion after a strong uptrend and has printed a reliable complex reversal pattern. Traders should watch for confirmation below neckline support to initiate short positions. Be patient and wait for a clear trigger to avoid premature entries. 📌 Disclaimer: This analysis is for educational purposes only and does not constitute trading or investment advice. Always consult your financial advisor before making any trading decisions.
NSE:DIXONShort
by shiva560060
3
ICICI Prudential Life Insurance Co. Ltd view for Intraday 5th MaICICI Prudential Life Insurance Co. Ltd view for Intraday 5th May #ICICIPRULI RULI Resistance 620-621 Watching above 621 for upside movement... Support area 600 Below 610 ignoring upside momentum for intraday Watching below 598 for downside movement... Above 610 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point
NSE:ICICIPRULILong
by vichithra
CreditAccess Grameen (CREDITACC) – Bullish Breakout SetupStock Name: CreditAccess Grameen (CREDITACC) Trend : Bullish Timeframe : Daily Trade Setup Entry Point: ₹1,163 Stop Loss: ₹1,089 (Risk: ~6.4% from entry) Targets: Target 1: ₹1,205.70 Target 2: ₹1,248.75 Target 3: ₹1,294.15 Target 4: ₹1,337.15 Final Target: ₹1,385 Technical Rationale for Breakout Bullish Flag Pattern Breakout: Price has broken out of a Bullish Flag pattern, signaling a continuation of the prior uptrend. 200 DEMA Support: The stock crossed above and retested the 200-day Exponential Moving Average (DEMA), now acting as strong support. RSI Strength: Daily RSI: Above 60 (indicating bullish momentum). Weekly RSI: Also above 60 (confirms broader bullish bias). Volume Confirmation: Breakout day volume: 4.0M (extremely high vs. previous day’s 406.05K), validating the breakout’s strength. Key Observations The combination of a Bullish Flag breakout, volume surge, and RSI strength suggests a high-probability trade. The 200 DEMA support adds confluence to the bullish structure. Risk Management Tips Strictly adhere to the stop loss. Trail stops as price progresses toward targets. Consider partial profit booking at each target level. Disclaimer This analysis is for educational and informational purposes only and should not be construed as financial or investment advice. Trading in equities carries inherent risks, including the potential loss of capital. Always conduct your own due diligence and consult a certified financial advisor before making any investment decisions. Past performance is not indicative of future results. The author assumes no responsibility for financial losses or gains based on this post. Volume, price, and indicator data are subject to market volatility and may change rapidly. Let me know your thoughts in the comments! Are you watching this setup? 📈🔍
NSE:CREDITACCLong
by raigvivek