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Head and shoulder pattern observed in Dabur India Ltd during the period between oct16-dec16.
Significant rally prior to pattern. Volume in Left shoulder is higher than Right shoulder. Duration for each pattern(should to head and to shoulder) took approximately one month. Short position created while breaking down the neck line
| Stop Loss | 286.7 |
| Entry short | 276.7 |
| Target | 266.1 |
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | ||
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