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  • #11980
    Johnson
    Participant
    Rank: Level 4

    COMPANY -NALCO

    HEAD AND SHOULDER FORMATION

    Condition

    Graphically head and shoulder is present and it as taken more than 2 months for the formation.

    Down trend prior to the head and shoulder formation

    Heavy volume at the break out level.

    TRADE PLAN

    buy at 39,

    stop loss-34

    target-50

     

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