ABB Head and Shoulder with breakdown

ABB INDIA LTDNSE

Description

⋅ Sep 24, 2023 1:10 AM

Head and Shoulder #HnS with breakdown has formed in #ABB

A clear left shoulder, Head and and right shoulder is formed.

break down came in this week below the neckline and the pattern has completed.

Let's see if the pattern can show it's effect in coming weeks.

PS: This is only for educational purpose

Trade closed: stop reached

⋅ Dec 16, 2023 12:33 AM

Head and Should pattern has been broken by a another pattern called double bottom and the price has gone past beyond head and shoulder.

So Head and Should pattern has failed this time.

Trade closed: stop reached

⋅ May 1, 2024 2:27 PM

Head and Shoulder pattern in broken by W pattern, Stop loss has been hit and bullish trend has resumed.

Comments

thejeshcg

⋅ Oct 12, 2023 3:04 PM

12-Oct update: price is approaching break down neckline if it is able to give a good closing then uptrend will continue else it will head towards next support OR depth of head from neck