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As per the attached chart, Inverted head is formed with highest of the price and two shoulders(L&R) with the duration of approx 1 month each. High volume seen at left shoulder and head and low volume at right shoulder.
Entry:519
Sl:521
Target:517
Duration:Aug-25 to Nov-17
Short position can be considered below the Neckine 532.Dear Maam,
Kindly find my Suggestions..
Use Daily Charts…
The Duration is not significant enough….
As Per your marking , it is inverted head and shoulder, then it should be consider as positive indication or bullish
The Price fall prior to (pattern) is missing, because Head and shoulder is a reversal pattern….
If you have any quires, feel free to contact me for clarifications.
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