Head and Shoulder KOTAKBANK Bearsish Entry Level 682.9, Stop Loss 742, Tar 622

[Bagya]

TRADE PLAN

Symbol:  KOTAKBANK

Direction:  Bearish

Price Pattern used is HEAD & SHOULDER, distance between two shoulders is three months, high volume at left shoulder and low volume at right shoulder.

Position to be created:  SHORT.

Entry Level:  682.9

Stop Loss:  742

Target:  622

[EQSIS]

This work should be appreciated as Head and Shoulder Pattern are rare to appear, the condition are mentioned clearly….

However The first Condition, the Significant prior rally to confirm the reversal….

 

[Bagya]

Thanks a lot for your comment.  I will rework on Head and Shoulders and this time I will make sure it meets all the criteria.

[Author]

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