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HEAD and shoulder PATTERN @POWER GRID

  1. After long bullish trends, the price rises from 161 to a peak 177 and subsequently declines to 167 form a trough.
  2. The price rises again to form 167 substantially above the initial peak reached 188 and declines again.The price rises a third time, but only to the level of the first peak 177, before declining once more.the  pattern formed in three month duration, consider this as a head and solder pattern if the price break the level 161 it will fall further,
  3. my trading plan is
  4. entry :below 161
  5. target :146
  6. stop loss ;176
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