HUL – BEARISH – ENTRY 893 TARGET -864 – SL 922

[C.S.Suresh]

Hindustan Unilever Head and shoulder pattern

Duration for the pattern is 1 month

Huge volume in right shoulder

Short position can be considered while breaking the neckline of 893 with a risk of 29 rs being previous high at 922 and target of 864

[EQSIS]

Sir, the attached chart is not qualified for head and Shoulder pattern formation… due to following reasons…

1. The Duration for each shoulder and head should be Min 1 Month, collectively Min 3 Months..

2. The Volume should be significantly higher during L.Shoulder Area

I Request you to recollect the conditions of head and shoulder from your theoretical session also check some of the other people posting….

[C.S.Suresh]

understood. I shall check for some other companies. thanks

[Author]

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