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Moderate rally prior to forming left shoulder. Peak of head formed at 1233.2. Head price highest among two shoulders. Duration criteria to form LS, Head and RS 4 weeks minimum. Immediately after forming RS, volume decreased, followed by increased volume due to supply pressure. Short position can be considered at 1005.7 after breaking neck line. TP of 778.2 will be achieved after 3 weeks.
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@eqsis, sir can you please check if my entry price of 1005.7 is right, as it is breaking down neck line, or should it be higher at the level of bottom part of right shoulder?
Duration must be 3 months