GRASIM - HEAD N SHOULDER
It is been observed on daily chart that the price action formed a bearish Head and Shoulder, indicating a further weakness ahead.
Target: 1100
Stoploss: 1165
Target: 1100
Stoploss: 1165
Trade active
Note
I shall update the Target 2 once it breaks and closes below the channel in order to provide greater reward. RegardsNote
Today's closing confirms the HnS pattern and now it shall further dip to 1100 levels and 1080 levels. If tomorrow, it shall give another good opportunity to short once it comes around 1140 levels. #Follow Up
Regards
Trade active
Trade closed: target reached
Target 1 reached successfully. Regards
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Related publications
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.