AS DISCUSSED EARLIER THAT GAIL CAN BE A POTENTIAL HEAD AND SHOULDERS ON THE DAILY CHART WE HAVE TO WAIT FOR THE BREAK BELOW THE TRENDLINE I WENT SHORT AND ALSO RECOMMENDED @355-60 LEVELS WITH FUTURES TRADE SO WE CAN HOLD ON THE STOCK FOR DOWNFALL WITH STOP @350 IF BREAKS MY FIRST TARGET WILL BE 315 AND THEN WAIT FOR A PULLBACK BEFORE GOING SHORT AGAIN CAUTION DO NOT ENTER FRESH TRADES HERE IT WILL BE AGAINST THE TRADING RULES OF H&S IF PATTERN FAILS WILL LOOK LIKE A DESCENDING TRIANGLE AND USUALLY DESCENDING TRIANGLE WITH UPSIDE BREAKOUT WILL ALWAYS PERFORM BETTER ON THE UPSIDE.
Buddy, H&S never forms in a downtrend, check the trend of the stock, Stock already in top reversal because of double top pattern, it will achieve your target with descending Triangle, which is a continuation pattern of the downtrend.