Downloading...
Download

Invertedheadabdshoulderspatterns

Airtel Vs (TTML, MTNL, IDEA) - Pre-Rally Vs Post-RallyHere’s an assertive revision of your content: --- **Why Airtel Dragged While TTML, MTNL, and IDEA Blasted?** The government’s consideration of waiving 50% interest and 100% penalties on AGR dues created a buzz, and certain "gurus" began hyping a potential rally in **Bharti Airtel**, a fundamentally strong telecom stock compared to **TTML**, **MTNL**, and **Vodafone Idea**. **But the market did the exact opposite.** TTML (+16.5%), MTNL (+10.5%), and IDEA (+9.11%) soared, while Airtel struggled below 1%. The question is **why?** **The Answer: The Importance of Technical Structures, Supports, and Resistances.** Market participants often assume that fundamentals drive prices. This is the **biggest myth.** Fundamentals (valuations, PE ratios, book value, order books, quarterly results) can create momentum but never dictate its **direction.** Supports and resistances are the **primary drivers** of price movement. Relying solely on fundamentals is like pressing the accelerator while trying to reverse park—damages are inevitable. Now, let’s review the technical factors behind the explosive moves in TTML, MTNL, and IDEA compared to Airtel’s stagnation. --- ### **TTML** On the **monthly chart**, TTML formed a **bullish flag pattern**, breaking out in **July 2024**. However, the lack of momentum in the telecom sector kept it range-bound until now. **Key Points:** 1. A **77% correction** from its all-time high (ATH) formed the flag. 2. Sideways consolidation since March 2024 created a **strong base**. 3. This base aligned with the **Fib 0.618 retracement** from the previous high. TTML was primed for a move. The AGR news provided the necessary trigger, leading to the much-anticipated breakout. --- ### **MTNL** The **monthly chart** of MTNL shows a **multi-decade bullish inverted head and shoulders pattern**. After breaking out, the stock faced resistance at ₹103 and retraced **58.5%**, aligning perfectly with the breakout zone and the **Fib 0.618 retracement level.** **Why the Rally?** MTNL’s bounce was overdue, and the AGR news acted as a catalyst, triggering the massive move. --- ### **IDEA** Vodafone Idea, the weakest of the group, also surged 10% (hitting an intraday high of 15% before closing at 9.11%). Despite its struggles, IDEA displayed critical technical alignments: 1. A **65.54% correction** from its previous high. 2. Support at the **Fib 0.786 retracement** level. 3. A bounce from the **bottom of a rising parallel channel**. Though IDEA lacked the fundamental strength of TTML and MTNL, it still rallied due to the technical setup. --- ### **Bharti Airtel: Why Didn’t It Rally?** **Quarterly Chart** (Right): 1. Airtel has been traveling within a **multi-decade parallel channel**. 2. After consolidating for 13 years, it broke out in **October 2018**, delivering **613% returns** since then. 3. The stock reached an **extended Fibonacci target (Fib 2.618)**—an exhaustion zone. **Weekly Chart** (Left): 1. Airtel corrected only **15%** from its ATH. 2. It is still in a **lower high-lower low (LH-LL)** bearish formation. 3. The price was at a critical juncture of **two resistances**: - The **falling trendline** from ATH. - A **weekly resistance** at ₹1640. **Verdict:** Airtel had already rallied significantly before the news and was in an exhaustion phase. Strong resistances at current levels obstructed its movement. --- ### **Key Takeaways:** - TTML, MTNL, and IDEA rallied because they **completed major corrections, formed strong bases, and awaited a trigger.** - Airtel, having already rallied, was in a consolidation phase with significant resistance levels. **Conclusion:** Blindly trading based on news or fundamentals without considering technicals is a recipe for disaster. Fundamentals may create momentum, but the **direction** is always governed by supports and resistances. A sector-wide news event will not trigger the same momentum across all stocks unless their **technical structures** align. Always combine fundamentals with technical analysis for informed decision-making. **Disclaimer:** With over **3 years of teaching experience** in the stock market, including **Technical Analysis**, **Behavioral Analysis**, **Advanced Patterns**, **Emotional Management**, and **News-based Trading**, we are dedicated to educating, not advising on buy/sell decisions. We are **NOT SEBI Registered** and do not provide specific **Buy/Sell recommendations or calls**. Our primary goal is to deliver **detailed analysis** on how to review charts and offer multi-timeframe perspectives purely for **educational purposes**. We strongly recommend that our followers **"Learn to Ride the Tide, Regardless of Its Side."** **Important:** Always consult with a **financial advisor** before making any investment decisions. If you appreciate our detailed analysis, we encourage you to **rate, like, boost, and share your feedback**. **- Team Stocks-n-Trends**
NSE:BHARTIARTL
by Stocks-n-Trends
Vodafone Idea - The Myth BusterWhen it comes to stocks from the Small / Mid Cap category (or) especially from the Penny Stock section, I see everyone shivering in fear to take entries. Even if they take entries boldly, when they see a fall, they start to shiver and exit in Panic either in minimal Profits or sometimes even in Loss One such "Mythical" Stock is Vodafone Idea. Almost no one talks positive about it, and every fundamental investor is strictly against it Let me ask you All 1 question - if this stock is so fragile / so risky / so unpredictable - then why don't we see "erratic patterns" on charts ??? Shouldn't there be sudden spikes and sudden falls ? I don't see any such thing.... i.pinimg.com On Weekly: The price is going thru a Beautiful Cup and Handle pattern, but is just unable to break out of 19 levels despite 3 attempts - Why ? On Daily: The answer to the above question lies within the Daily timeframe chart. From when it first touched 19 level in early 2024, till now, the price is actually forming an Inverted Head and Shoulder Pattern which is embedded within the Handle portion of C&H Based on Support and Fib levels, the price WILL take U turn from 15.5 (Fib 0.5) or 14.6 (which is much strong Fib 0.618 Golden Ratio - combined with Strong Support as well) Fresh entries / Averaging can be done around 15.5 (light) or 14.6 (heavy) once bullish reversal signal is seen Targets still intact 19, 24, 30 ------------------------------------------------------------------------------------------------- True story.... When I was in 3rd grade, playing and running with my friends a stray dog chased me and scratched me on my back. I didn't know whether it bit me or just nails I was so scared to tell my parents as I was afraid of the infamous 24 or 36 injections around the belly button - back those days....But friends told my mom and she rushed me to hospital and Dr confirmed that it's just a nail scratch not a bite and 1 injection was enough But until I was grown up, the sight of any dog would scare me to death.... A loud bark would give me shivers. When I learnt how to control dogs and how to pet them, the fear is gone Unfortunately, this is exactly what we are passing on to our next generations We might have been attacked or even bit by a dog (Penny stock or High Beta Stocks) but what is the Learning you are passing on ? To run away from them ? Remember - if you run away from a Dog it will Chase you.... If the answer is still to run away, then sorry my friends - you haven't learnt anything from your bad experience. You may run away from a Penny stock today, but if similar instances and issues arises on the likes of Yes Bank, ICICI (Kocchar scam) or Varanium Cloud - are you prepared to handle them and what do you pass on to your next generation ??? The Chart 📈 is my Magic Butter Biscuit 🍪. It can TAME any Dog Learn to Ride the Tide, irrespective of its Side and Size 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:IDEALong
by Stocks-n-Trends
2
Hemisphere turning Double Sphere :)Hemisphere Properties from the Realty Sector is in limelight recently. An interesting Technical pattern is in the making 1. Around 160 levels, the price has formed a Double Bottom pattern on Daily Timeframe and broke out of its neckline as well confirming the pattern 2. Also from 235 down to 160, there is an interesting "Double" Inverted Head and Shoulders pattern formed. The earlier Inv H&S pattern could not breakout, but this time, the price decisively broke out of the neckline above 220 levels and today it is blasting over 4.5% Just the name is "Semi", but all Pattern are "Double" to get you blasting returns :) If the price is able to sustain above 233 by end of day (July 15), then targets are 265, 325 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:HEMIPROPLong
by Stocks-n-Trends
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
Defence Sector Going Offensive - Paras - Lord Parasuram's WeaponIndia's Defence Minister has said that Domestic Defence Manufacturing will be further strengthened || Defence Exports from India will be taken to an Unprecedented High :) Amazing news to all Defence Stocks. One such pick is PARAS Defence and Space Technology On Weekly chart - price has formed an Inverted Head and Shoulders Pattern. Both Breakout and Retest + Bounce - All Done :) 1st Target 1260 (previous ATH). When it breaks-out above 1260, it will initiate a Fresh Rounding Bottom BO for a much larger target of 2070 1st Recommendation was given around 670 levels on Aug 24, 2023. In less than 1 year, price has already reached 42% When it reaches 1260 - it would be 87% When it reaches 2070 - it would be 207% (3x) :) 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:PARASLong
by Stocks-n-Trends
META Analysis! Trend Reversal!META Weekly Analysis! Inverted Head and Shoulders Pattern Formation in META! Trend Reversal in META! META was in a clear downtrend. After it has made a Inverted Head and Shoulders pattern on a weekly timeframe. It has given a breakout to it's neckline and retested it so it can be act like a next support level which i've extended. Inverted Head and Shoulders pattern is a Trend Reversal Pattern. Now we can see a strong bullish momentum. The important upside levels are marked on the chart so please have a look on it and one more important thing is we can set a stop loss below the neckline. Thank You! Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NASDAQ:METALong
by Avinash9087
Learn to Draw Polygons using NIIT Learning SystemsNIIT MTS (Learning Systems) an Off-shoot of NIIT LTD got listed as Demerged Entity in Aug 2023. It had a blasting entry with more than 70% gain while listing for NIIT stock holders. After 6 months of time writing its own "fate" / creating its history, now the stock is all set to Blast Higher Technicals: Short Term View On the Daily timeframe, the Stock has Broken out of an Inverted Head & Shoulder Pattern today (also a Weekly close which is a Plus).... Target 495, 545 NIIT MTS is getting ready to teach out Triangles, Polygons and other Geometrical patterns :) Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered 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:NIITMTSLong
by Stocks-n-Trends
Does Pepsi Drinks Come With An Inverted Head & Shoulders?Does Pepsi Drinks Come With An Inverted Head & Shoulders? No of course not! However, the daily chart for the global soft drink has an inverted head and shoulders on the daily chart. PEP closed above the neckline of the pattern! Also, PEP has 4 touches at the daily trendline (immediately above the neckline). I set an alert on the neckline and at the daily t/l. Pepsi closed in a daily supply zone on 24 October 2022. Peace, Love & Abundance, MrALtrades00
NASDAQ:PEPLong
by MrALtrades00
Inverted Head and shoulders planOil orice action as I follow it in the WTI has shot up in prices and discovered not only fib resistance zones but horizontal resistance as well around 41-42 price range. Nothing wrong with that except that USDCAD hasn’t followed oil’s price action. Instead it has carved out a very nice inverted head and shoulders pattern . Should the neckline break then we should see 1.33-1.3350 rather quickly. No wonder then I’ve got my first TP zone there. But I also can see a risk off in stocks developing and so a push higher to the 200 day SMA around 1.35 could also be targeted. Personally I like the 89 SMA shown here on my chart in orange. On the down side. With a clear pattern such as this it could just explode by big banks pushing the stop hunt tactics on very clear patterns. Funny how that really happens. I’m leaning on on the pattern build and eventually breaking higher just because of the for mentioned WTI price action. I’ve been building a core all week and taken some quick hit profits on bounces to and above 1.32 while also increasing my position with small average entry prices. As always plan your trade and trade your plan. This isn’t trade advance but my personal trade and planed trade. Use it for education or if you plan to join in on the trade, the risk is all yours. All the best to everyone.
Long
by PipsTradingClub