This section shows how price patterns are playing important role in the business.
Day 6 basic of Price Patterns and its Characteristics.
feel free to call us +919500077790 info@eqsis.com
Stock Analysis
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 |
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
How this forum help stock traders?
Stock Trading is business, the success depends not just on capital or subscribing advisory services or participating workshops. The factors such as your awareness level about business, Efforts and your contributions, Smartness, Knowledge in analysis and trading instrument, availability of infrastructure and emotional control determine your success.
Hello Sir,
Answer to your Question:
Head and shoulder is basically a reversal pattern. The name head and shoulder is so because graphically the pattern resembles two shoulders and a head in between shoulders. The pattern contains three successive peaks with the middle peak (head) being the highest and the two outside peaks (shoulders) being low and roughly equal. The reaction lows of each peak can be connected to form support or a neckline.
The conditions:
1) It takes at least three months for this pattern to form.
2) The left and right shoulders are roughly equal.
3) The high volume takes place in the left shoulder (LS)
4) Low volume in the right shoulder (RS) because the stronger hands are already sold out.
5). The short position can be initiated when the price breaks below the neckline.
Hi Suresh sir,
Thank you for the valuable comments
@naresh Thanks sir.