pk99133

Head & Shoulder Pattern formed on DAILY CHGART

Long
NSE:BATAINDIA   BATA INDIA
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2
ACtion to be taken as per the chart … Below 1440 idea is not valid ….
Trade closed: target reached: 75 points gain .............

Comments

Please guide me ... Here I saw many guys showing H & S pattern. Ok .. It is there. But cant understand ... why the are showing last wave of pattern finish on neckline on 23rd and 24th Feb ? actually last wave of the pattern ends on 11th Feb on neckline. You can easily see big green candle touching neckline. since 11th feb to the moment ( 25 Feb ) , price is above neckline ... so we can say ... the pattern is failed.
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pk99133 vaibhav14476
@vaibhav14476, It has touched and bounced back and not closed at the point, so that's invalids, so wait & watch Lets see next....
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