TECH MAHIN Bearish H &S below585 SL670 Target 465

[V.VEDANAYAGAM]

Technical Mahindra formed Head and Shoulder between OCT14 and JUNE15
The volume is only adequate but enormous at the entry level ie at the breaking of the support by which we can infer the good down trend to follow
TRADE PLAN ENTRY 585
STOP LOSS 670 (RISK 85 )
TARGET 465 (REWARD 120 )

[EQSIS]

Good Attempt

 

Duration is perfect, but the volume criteria need to be reviewed

The Volume during L.Shoulder should be high to qualify as Head and Shoulder..

Otherwise I agree on all the remaining conditions

[V.VEDANAYAGAM]

THANK YOU SIR
Here after i shall focus on volume aspect also

[Author]

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