DhRuV0007

HGS Head and Shoulders Pattern Breakout

Short
NSE:HGS   HINDUJA GLOBAL SOL
Hi Traders / Investors ,
Probably there can be a bearish momentum in Hinduja Global Sol because of following reasons :-
1) Formation of Head and Shoulders Chart Pattern , which is mainly considered Bearish in nature.
2) It gave breakout below neckline of pattern and is retested.
3) It can fall maximum upto 32 % , as it also has a support at 2000 price level ,where prior resistance will act as a support.
4) The Head of the Pattern also has a gap of 32% from neckline , so we can also expect that it can fall upto 32 %.

This is not a trading advice ,Its just an analysis.
So don't take any decisions solely based on this.

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