WATCHOUT !!! Sniper Entry For DIVISLAB Head & Shoulder Breakdown

Hi Friends,

Classic Setup , Learning on Pattern Failure and Sniper Entry in A Head and Shoulder Pattern Breakdown right at the Neckline. Will it BREAKDOWN ??? COMMENTS WELCOME

1.On the left hand side you'll notice a Inverted Head and Shoulder Pattern ( Red Fill) ; Took 1.5 Months for the complete formation and breakout from the trendline.
2. Text Book Pattern , Text Book Breakout , Text Book Retest
3. Despite ALL the perfection the pattern breakout could not sustain and quickly collapsed inside the resistance zone

LEARNING : No Matter how PERFECT the setup , YOU'LL Survive the STOCK MARKET ONLY if you follow discipline of Risk-To-Reward

NOW The Analysis :

1. The Failure of Inverted H&S was start of a H&S Pattern
2. This pattern can be seen forming for about 1 odd month
3. The breakdown from the neckline at 5000 level would initiate a short entry
4. Stop Loss should be not more than 1%
5. This setup is more lucrative as there is no major chart formations on the lower side thus a breakdown would result in swift downward movement of the stock to the lower levels
6. Target 1 and Target 2 are marked on the chart

WATCH This Stock for the Pattern Completion. Trade Only at Your Own Discretion !!!


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