Dabur-Head and Shoulder pattern

Head and shoulder pattern is a chart formation that resembles a base line with three peaks the outside two are close in height and middle is  heighest.

The head and shoulder pattern is witnessed at Dabur during 10 june 2016.Here the neck line(base line) is pointed as 301.3. The trend was extremely bullish before the formation of head and shoulder.

The head is marked at 319.0 and the two other peaks formed (shoulders)was close in height but they are lower when compared to middle (head).After the formation of this pattern we can predict a

bullish -to -bearish trend reversal pattern.Which is shown in the chart.