H& S typically is formed in uptrend on account of psychology of the smart money to exit. What we see here is a range bound consolidation pattern at best a rectangle.Stock will move in the range of 1500 - 1800. Good option to buy at 1500 and short at 1850-1900. However you need to be aware that its a index heavy weight, in case of Index management by large players it will not respect technical analysis.
Chartist_micro
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But forming a H&S pattern on downside have less chances to play out.
shah.shankesh
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1500 wont break. this is a strong stock.
samratk028
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U mean, it will come down to 1500 level?pls guide me
Amit_Ghosh
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@samratk028, Nope. I mean it is short if 1500 breaks. Now breaking 1500 is in God's hand.