nandodeomkar

State Bank of India - Head and Shoulders

Long
NSE:SBIN   STATE BK OF INDIA
If markets open and try to take support then we can see an up move.

Targets, Retest entry and Stoploss are mentioned in the chart.

Comments

i never thought head and shoulders pattern will give an upside target. However, nice analysis.
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isn't it the exact opposite of what head and shoulder pattern suggests ?
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@raharora, Yes it is, sometimes patterns do not give a breakout, at such times, they can be used to take reverse targets.
I've also published a down trend analysis
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