RPOWER IS ON THE BULL RUN FOR THE LAST FEW DAYS. IT HAS BREACHED RESISTANCE LEVEL ALSO WITH GOOD VOLUMES. THE NEXT RESISTANCE LEVEL IS AT 51. I SUSPECT IT MAY BE A HEAD AND SHOULDER IN FORMATION. LONG POSITION CAN BE CREATED TOMORROW IF IT BREACHES TODAY’S HIGH
RPOWER – POSSIBLE HEAD AND SHOULDER FORMATION IN PROGRESS
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Hi sir,
There is no sign of Head and shoulder formation here.
SORRY FOR THE DELAYED RESPONSE. I WAS OUT OF STATION. I HAVE ONLY SAID POSSIBLE HEAD AND SHOULDER FORMATION. I FELT LEFT SHOULDER IS GETTING FORMED. IN THE LEFT SHOULDER UPWARD PRICE MOVEMENT WITH GOOD VOLUME WILL BE THERE IN HEAD AND SHOULDER FORMATION. THIS IS WHAT I OBSERVED. TO SUPPORT MY ANALYSIS THE PRICE AND VOLUME ARE STILL GOING UP. WE WILL HAVE TO WAIT AND SEE WHETHER HEAD AND SHOULDER WILL FORM OR NOT.