Manapuram FInance: Head and Shoulders pattern
Scrip retraced back sharply from 185 levels , which was the top of the H&S formation.
It broke the lower support line of H&S and fell sharply towards lower levels.
It took support of 140s which is the strong support zone in daily chart.
Neckline levels are lying on 160.
Scrip can move sharply once it breaks the neckline ..
Go Long till top of the head
T1: 185
T2: 195
It broke the lower support line of H&S and fell sharply towards lower levels.
It took support of 140s which is the strong support zone in daily chart.
Neckline levels are lying on 160.
Scrip can move sharply once it breaks the neckline ..
Go Long till top of the head
T1: 185
T2: 195
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.