Head and Shoulder in CadilaHC

Jun 24, 2021

Notes:

• Head and shoulder pattern can be confirmed to breakdown below 613.5 levels. Although it would still be a risky trade since there exists multiple support zones and could be a pretty slow catch if it does break.
  
• A tight SL is recommended.
  
• Target could be 1% or 607 and if lucky, can try aiming for 600 too.
  

Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

Jun 24, 2021

Note

There also seems to be a small inverted Cup and Handle pattern on the right shoulder which could further boost the chances of a breakdown.

Jun 25, 2021

Order cancelled

No luck. The scrip bounced off the levels.