In between Left and Right shoulder , Head formation would be there. It takes minimum of 3 months to form. Volume is in Left Shoulder and less in the Right Shoulder area. Short Position is created in Neckline. Stop Loss , which is equal to the top of the Head and the same proportion 1:1 has been taken for target level. In between the Neckline and Stop Loss position is the ” RISK”.
Trade Plan:
Stop Loss: 165.8
Entry: 142.30
Target: 118.8
Risk : 23.5
Trade Plan:
Stop Loss: 165.8
Entry: 142.3
Target: 118.8
Risk: 23.5