rajeevpatil

ONGC Inverted Head and Shoulder

NSE:ONGC   OIL & NATURAL GAS
As you can see it has created a beautiful Inverted Head and Shoulder Patternn.
The Rules are from the center of the head to center of the shoulder there should be at least 7 to 8 candles.
After creating the first shoulder, Price Touches the neckline let's take that point as A and the bottom of the head as Point B.
When finally after creating an inverted head and shoulder pattern the price crosses the neckline and closes above it and creates a new candle there that's the point to buy and draw a line from point a to point b and place it above the neckline and there you get your Target Price.

Next to Inverted Head and Shoulder Pattern, it has created Double Top . See if you can find or let me know below.
Comment: "only for educational purposes"