Head and Shoulder pattern with prior uptrend is present. Volume at L is high and at R is low. Duration is 3 months. Short position can be considered as it crosses the neckline. Target achieved in 10 days.
Recently Active Members
Bullish View
Bearish View
-
Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
-
FEDERAL BANK – BEARISH ENGULFING October 17, 2019
-
Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
-
Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
-
Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
Hi Triveni Karthika, nicely explained. Its better to use line charts when we do analysis on charts with longer duration.
Thanks for the correction.