H&S pattern in HINDUNILVR ???!!!!
Updated
Chart depicts the situation...
Strong DOJI candle on 9th december(day candle) with volume at perfect resistance level shows some sort of lag in bulls approach, which may leave space for bears to get back to go through a down swing move inside the triangular primary channel.(clearly seen in weekly time frame)
Now, coming to 2hr time frame,
1. Head and Shoulders pattern (right shoulder in progress..)
2. Entry can be after breakdown after the right shoulder.
3. Risky entry can be now....with a SL ON 2HR CANDLE CLOSING ABOVE 2721.
4. Target levels as mentioned in chart.
Let's wait and watch ...how it moves...!!!
Note- just sharing my view....not a tip nor advice!!!
Strong DOJI candle on 9th december(day candle) with volume at perfect resistance level shows some sort of lag in bulls approach, which may leave space for bears to get back to go through a down swing move inside the triangular primary channel.(clearly seen in weekly time frame)
Now, coming to 2hr time frame,
1. Head and Shoulders pattern (right shoulder in progress..)
2. Entry can be after breakdown after the right shoulder.
3. Risky entry can be now....with a SL ON 2HR CANDLE CLOSING ABOVE 2721.
4. Target levels as mentioned in chart.
Let's wait and watch ...how it moves...!!!
Note- just sharing my view....not a tip nor advice!!!
Note
Going good....stick on to the levels!!!Trade active
Note
2hr breakdown again...tmrw chances of volatile move!!!Trade closed: target reached
still looking bearish!!!Note
May take support at the green line shown in chart....2450 level!!!
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.