Short
This is the best I could draw Head & Shoulder Pattern
The stock gave a breakout from the pattern around yesterday's close.
Now we have a confirmation of a breakout we can short the stock in the morning itself.
Levels are given on the chart.
We have placed SL exactly at the breakout because if the stock goes above that zone the pattern will be invalid & so will our trade.
Happy Trading :)
Now we have a confirmation of a breakout we can short the stock in the morning itself.
Levels are given on the chart.
We have placed SL exactly at the breakout because if the stock goes above that zone the pattern will be invalid & so will our trade.
Happy Trading :)
Trade closed: stop reached
Chart Update - Stock opened at 593 & hit our SL at 594.5 in the morning. Trade is closed.
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