Head and Shoulder -IBULHGFIN – EQSIS PRO

Saritha, July 23, 2019, Head and Shoulder

The head and shoulder pattern is witnessed in India bull housing during 23 nov 2015.

The entry point can fix after it breaks the neck line and the stop loss is at the shoulder level.

3 Comments

Venkatesh B 5 years ago

Hi Saritha,

Let us know why the stop loss is Right shoulder instead of Head?

Thanks

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  Saritha 5 years ago
  
  Hi Venkatesh,
  In my trade plan i had set stop loss at shoulder level because, we could confirm that the left shoulder is our previous resistance when the trail bounce back again at(right shoulder) the same point.Also while compare to head ,shoulder point is our near by resistance level .
  
  This is my view about the stop loss in head and shoulder,if you think my point is wrong .please feel free to correct me.
  Thanks
  
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Venkatesh B 5 years ago

Hi Saritha,

Sir, did not taught us about applying the stop loss and targets for head and shoulder pattern, as we had limited time. I just want to understand and got the solution from you, hope it will help me.

Thanks.

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