Head and Shoulder witnessed with JSW steel

Below are the conditions checked to confirm head and shoulder pattern:

1. Left shoulder, Head, Right shoulder are seen

2. Volume in left shoulder is high and the volume at right shoulder is less

3. Duration to form this pattern is more than 3 months

Trade Plan:

Support is at 326

Resistance is at 358

Entry point: Sell below 326(short position)

Target : 294

Stop loss: 358