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Head and shoulder pattern is found and the analysis has been made.The condition of duration is satisfied since it is more than 3 months. The volume in left shoulder is higher than the right.The stoploss is measured at 7100,entry price is 6420 and target achieved is 5574.
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Hi,
The formation of Head and Shoulder has been continuous decrease in the volume. That means volume will be higher in the left shoulder and eventually it decreases with the formation of head and right shoulder. The main process of head and shoulder pattern is accumulation and distribution.