Head Shoulder Pattern. Trading below 1559 for 1535-1540 short term target below blue dotted line which is neckline & then bounces upside between 1615-1630 to form right shoulder & then check -if you get a fall holding 1630-1640 levels upside for 1250-1290 Zone as the target downside in coming months & years ahead.
For Long term Targets of 1250-1290 - it should go below 1485-1500 zone as second layer of confirmation point.
For Long term Targets of 1250-1290 - it should go below 1485-1500 zone as second layer of confirmation point.
Trade active:
10:41 Hrs 17th July2017
Last Price@1611
Opens gap up at 1590 &Makes high for the day 1630 looks like Right Shoulder formation started.
Last Price@1611
Opens gap up at 1590 &Makes high for the day 1630 looks like Right Shoulder formation started.
Trade active:
15:25 Hrs 18th July2017
Last Price@1599
Turns from 1643
Last Price@1599
Turns from 1643
Trade active:
11:01 Hrs 25th July2017
Last Price@1597
Right Shoulder looks like done in the zone 1650-1660 zone. We are still taking this as H& S pattern as it failed exactly at tops of 1660 & did not give close above that level.
Last Price@1597
Right Shoulder looks like done in the zone 1650-1660 zone. We are still taking this as H& S pattern as it failed exactly at tops of 1660 & did not give close above that level.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
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Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)