nimbuz90

Inverted H&S pattern @ Range high

Short
NSE:HCLTECH   HCL TECHNOLOGIES
The stock has been consolidating inside a broad range for sometime. Now that the range have been established, the prices tried multiple attempts to breakout of the range and it ultimately formed a Inverted HS pattern at its range high. Hence we can short below its neckline at 950 for a target of its range low 905.

Entry - Below 950 based on bearish close
SL - 975
T1 - 935
T2 - 920
T3 - 905

For study purpose.
Thanks.
Trade active
Trade closed: stop reached: Pattern failure
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