Dixon : A Bearish view
Head n Shoulder Pattern is formed and it is very result oriented. If price start trading below 3900 then a clear breakdown will be seen. It will start below 3900 with stop loss of 4700 (or 4500) with a target of 1700 nearly.
this analysis fails if price crosses above 4700. then this pattern will fail and an upside with very high target will appear.
Before taking any trade consult your equity advisor for risk management. I am just putting my view over this stock.
this analysis fails if price crosses above 4700. then this pattern will fail and an upside with very high target will appear.
Before taking any trade consult your equity advisor for risk management. I am just putting my view over this stock.
Trade active
breakdown has started. watch the pattern's authenticity.Trade active
It will hit the target very fast
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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.