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Forming head and shoulders pattern.
Trade plan: Symbol: AMBUJACEM – Direction: Short – Entry: 215.00 – S.L: 229.00 – Target: 201.00
patter took 3 moths to form, and at L. shoulder volume is high where as at R. shoulder volume is low. As per head and shoulder pattern we can go for short.
hi, thats a good analysis, but the neckline for left shoulder can be at 222 price level. entry can be at 221.
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