Get started
TradingSutra

CHOLAFINANCE : Pattern Failure

Long
CHOLAMANDALAM INV (NSE:CHOLAFIN)  
TradingSutra Updated   
NSE:CHOLAFIN   CHOLAMANDALAM INV
Trend Analysis Chart Patterns Head and Shoulders pattern patternfailures patternfailure Technical Analysis stockstobuy stockstowatch stockmarketanalysis stocktrading
13
4
trendanalysis chartpattern headandshoulders pattern patternfailures patternfailure technicalanalysis stockstobuy stockstowatch stockmarketanalysis stocktrading
Pattern failures are more profitable than regular trading patterns. One of the phenomenon can be seen on CHOLAFINANCE chart. A Head and shoulder pattern formation followed by a breakout of the neckline. But the prices immediately came back above the neckline & holding it successfully. This can be taken as pattern failure for H&S formation. One should go long with SL of 543 and look for the target of 620 and 650-60 zone.
Comment:
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
www.tradingsutra.com
www.waveutra.com

INSTAGRAM-
www.instagram.com/mansh_25

TWITTER-
twitter.com/mansh_25


YOUTUBE -

@TRADINGSUTRA @WAVESUTRA

Related Ideas

TradingSutra
INDUSIND BANK: Head and Shoulder
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.