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the_consolidation_guy

Head and Shoulder in CadilaHC

Short
the_consolidation_guy Updated   
NSE:CADILAHC   None
Trend Analysis Chart Patterns CADILAHC
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trendanalysis chartpattern cadilahc
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.
Comment:
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.
Order cancelled:
No luck. The scrip bounced off the levels.
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