TradingView
pk99133
Feb 24, 2021 5:02 PM

Head & Shoulder Pattern formed on DAILY CHGART  Long

BATA INDIANSE

Description

ACtion to be taken as per the chart … Below 1440 idea is not valid ….

Trade closed: target reached

75 points gain .............
Comments
vaibhav14476
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.
pk99133
@vaibhav14476, It has touched and bounced back and not closed at the point, so that's invalids, so wait & watch Lets see next....
More