Jamna Auto forming reverse Head & Shoulders Pattern on Daily TF
Updated
Jamna Auto 
JAMNAAUTO forms a Reverse Head & Sholuders Pattern on weekly & daily timeframe.
After breakout of neckline, it retested the neckline again in last days.
As per the theory of Head & shoulders pattern, it should be on its way to attain Head height from the neckline so we could be looking at the targets of 75+ in the script.
Good entry levels can be at breakout of 60 levels with high volumes.....script currently consolidating near the same levels.
JAMNAAUTO forms a Reverse Head & Sholuders Pattern on weekly & daily timeframe.After breakout of neckline, it retested the neckline again in last days.
As per the theory of Head & shoulders pattern, it should be on its way to attain Head height from the neckline so we could be looking at the targets of 75+ in the script.
Good entry levels can be at breakout of 60 levels with high volumes.....script currently consolidating near the same levels.
Trade closed: target reached
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.