Since there is a Head and shoulder pattern in Honeywell , We can expect a Bullish trend reversal.
Pattern identifies on 10 june 19. target achieved on 21st June.
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Since there is a Head and shoulder pattern in Honeywell , We can expect a Bullish trend reversal.
Pattern identifies on 10 june 19. target achieved on 21st June.
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Hi,
The formation of Head and Shoulder has been a 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 the head and shoulder pattern is accumulation and distribution. The duration to form the each should be minimum 1 month.