Tata Chemical forms complex Head and Shoulder pattern

This is complex Head and Shoulder pattern, the pattern in past has served profits very well. Open a short on break out of pattern neckline of price below 545 for target of 455 and 390..
SL 580 (price should close above 580 on day chart to exit)
This pattern formation make idea very strong. Happy Trading.

This position will need longer time to make both target profit as the formation is long in time.

Do your own research and if this matching with mine then you are ready to go!

Please, take a second and support my effort by hitting the "LIKE" button, that the only fee from You! And follow me for new ideas published every day.
Aug 25
Comment: Open a short when price closes below 545 (closing of intraday)


one more doubt sir ji should we open a short position as soon as price crosses below 545 or wait for close below 545
AnkitSalgia marooketan
@marooketan, I usually wait for price to sustain at 545..Mornitor lot of trade to happen around or below it before opening short.
great effort sir mast reading of the charts
AnkitSalgia marooketan
@marooketan, thanks a lot!!

Trying my best to my knowledge for public investor and hope can help people like us.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out