Jamna Auto forming reverse Head & Shoulders Pattern on Daily TF
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