Inv head and shoulder in Honeywell
Good reversal signal in honeywell automation.
All checkpoints are ticked..
1. Downtrend before formation of reversal pattern.
2. Volume support at break of neckline.
It is now buy on dips and targets of earlier resistances can be considered.
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I am not a Registered Financial analyst:
1 Learn the concept, not tip
2 Master 1-2 strategy, stick to it for consistent results
3. For weekly charts, Target/SL takes 1-9mon
5. Strict SL is on weekly closing basis
6. Diversify in at least 20 stocks
All checkpoints are ticked..
1. Downtrend before formation of reversal pattern.
2. Volume support at break of neckline.
It is now buy on dips and targets of earlier resistances can be considered.
--------
I am not a Registered Financial analyst:
1 Learn the concept, not tip
2 Master 1-2 strategy, stick to it for consistent results
3. For weekly charts, Target/SL takes 1-9mon
5. Strict SL is on weekly closing basis
6. Diversify in at least 20 stocks
Note
Trend Did not sustain....
SL triggered ...
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