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Tagged: Head and Shoulder
Entry price should be the line break of the right shoulder and exit price should be double that of the stop loss i.e exit price should be entry price plus stop loss price gives the exit price value.
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Entry price when price breaks down the neck of the right shoulder, stop loss is the top of the right shoulder
exit price is the difference between entry and stop loss.
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Entry should be made when the price crosses the neck line in the right shoulder.
Exit should be made when the price crosses the total value of Entry=Stop loss.
Stop loss is the top of the right shoulder.
In Head & Shoulder pattern ..
when the price goes below neck line we can create Short Position ..
once the position is been taken we we need to keep the stop loss
which can be the top of the right shoulder and hold the position
by using trailing stop loss which can be 8 to 10%
When the price goes below the neck line we can create short position once the position is taken we need to keep SL, which can be top of the right shoulder and hold the position by using trailing SL
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