Head and Shoulder pattern was observed in Hero motor Corporation. This pattern was witnessed by high volumes during left shoulder. We could take short position at 2473/- with SL 2553/-. The target could be 2327/- (which is equal to height of the left shoulder).

1 Comment
  1. Naresh 4 years ago

    Hi,
    The first shoulder forms after a significant bullish period in the market when the price rises and then declines but in this case it appeared after a bearish trend so, this is not a proper head and shoulder pattern.

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