nimbuz90

Head and Shoulder pattern breakout retested

Short
nimbuz90 Updated   
NSE:GODREJCP   GODREJ CONSUMER PR
The price had a breakdown from the pattern and pulled back to have its level tested. Now expecting a possible bear signal at 1055-60 level to go short for a target of 1035. If it gaps down and opens below 1043, can go for a small scalp 10 point move.

Entry - 1055-60 level or below 1043 based on future price action.
SL - 1073
T1 - 1045
T2 - 1035

Purely for study purpose.
Thanks.
Comment: Trade not active yet. Price is around 1060 zone and no clear bear signal found.
Order cancelled: No good signal to take trade at the specified levels. Priced moved up and turned out to be a pattern failure. Hence setup negated.
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