paramsv

Head & Shoulder Top completing?

NSE:MINDTREE   MINDTREE LTD
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4
Mindtree Near term Target of 720-725?
PS:I am a newbie and was wondering if my way of looking at things make sense or if I am missing something. Please let me know.
Comment: Neckline has been broken but on low volume suggesting weakening selling pressure? Would take profits now and wait on sidelines for now till a possible retest of the neck line on the upside.
Comment: Short again, H&S top confirmed in my view...
Please comment incase you dont agree

Comments

The height of the Right Shoulder should be less than that of the Left Shoulder for a valid H&S pattern.
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paramsv Maneesh_Manocha
@Maneesh_Manocha, Right, I was thinking about it, but the volume is lower on the right shoulder - adding to the confidence a bit. But I could be wrong.
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