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.
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.
Comment:
Open a short when price closes below 545 (closing of intraday)