When Head n Shoulder Pattern Fails after breakout probably breakdown target gives double of target in downside. Before Shorting this take your financial advisor for risk associated. stop loss will be 1260
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Buy On rumours Sell on News.
As per H&S Pattern 1340 target is achieved but 1355 is a very big hurdle to cross in this down trend. It will not sustain this uptrend.
i think, it has formed perfect Head & Shoulders pattern... plz recheck now.
maneeshaggarwal
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@confirmtrade, Yes it is, but generally in bear market sharp ups n downs happens very swift. Be alert. A decisive close above 1265-1270 will give upper targets of 1340, 1400