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  • #10600
    Ganesh
    Participant
    Rank: Level 5

    Head and Shoulder is formed between 5th Jan to 27th April and right and left shoulder volume was high

     

    Even after a huge volume on right and left shoulder, uptrend was occurred for 3 months

     

    This case will take is as an example to illustrate that sometimes the expected trend will take place without matching the conditions

     

     

    Trade plan

     

     

    Symbol: Reliance

     

     

     

    Direction: Long

     

     

     

    Entry Level: 926

     

     

     

    Stop Loss: 860

     

     

     

    Target: 992

    #10946
    Balaji
    Participant
    Rank: Level 5

    Dear Ganesh Sir,

    Your actionable tag and your trade are contradicting.

    In the actionable tag you have written Reliance bearish, but in the trade plan you have written Long position.

    Please check.

    As per the chart, it looks like inverted head and shoulder and the price pattern matches your trade plan. So, please change the Actionable tag.

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