#BAJFINANCE - Weekly Chart with H&S Pattern

Jan 23

#BAJFINANCE -
Timeframe: Weekly Chart
Pattern: H&S Pattern
Probability: Break of base can lead to approx 600-700 point downside. Failure to break negates the pattern.

Jan 30

Note

So this breakdown did occur today and we can expect some more downside...
Pure technical patterns played.
So if someone had played a hedge position it may not be a bad idea to book partial profits and trail.
Below is my position and P&L.

BAJFINANCE FEB 7150 CE NFO 0 0.00 111.40 +16,500.00 0.00%
BAJFINANCE FEB 7500 CE NFO 0 0.00 44.40 -9,043.75 0.00%

Sold 7150 CE and Bought 7500 CE Spread.
Exited with around 7K profits.
Hope this helps some enthusiasts !