Inverted Head & Shoulder Chart Pattern
Vodafone Idea ( Daily timeframe )
Target is 20.9 (i.e. depth of the head when placed on expected breakout point of 13.85 on the neckline of inverted head & shoulder)
It has entered the 5th wave ( Elliott Wave Count)
MACD is in positive crossover state above the zero line of the histogram
Histogram has solid green bar formations
RSI is above 60 and Stochastic (14,3,3) is in positive crossover state too
+DI is above the -DI in the Directional Movement Index (DMI)
ADX is well above 15 (indicating momentum speed)
On the weekly tide chart too, all indicators/oscillators are favourable
Vodafone Idea ( Daily timeframe )
Target is 20.9 (i.e. depth of the head when placed on expected breakout point of 13.85 on the neckline of inverted head & shoulder)
It has entered the 5th wave ( Elliott Wave Count)
MACD is in positive crossover state above the zero line of the histogram
Histogram has solid green bar formations
RSI is above 60 and Stochastic (14,3,3) is in positive crossover state too
+DI is above the -DI in the Directional Movement Index (DMI)
ADX is well above 15 (indicating momentum speed)
On the weekly tide chart too, all indicators/oscillators are favourable
Nota
This chart pattern was posted when the stock was at 12.80 It has progressed to 16.4 in 6 days
It is moving towards the projected target
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.