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JohnSmit
Sep 23, 2018 8:15 AM

Head and Shoulder Short

TITAN COMPANY LTDNSE

Description

Head and Shoulder Formation in Weekly Candlestick Patterns
Comments
priyeshkparmar
whats your tgt for TITAN.
Positional For Oct Series....
JohnSmit
@priyeshkparmar, Since this H&S pattern formed in weekly candle, Primary down trend just started. As per H&S pattern logic it has to come down 27% further. Takes 3-4 months time to reach target.
JohnSmit
@priyeshkparmar, in 1 Hour chart it reached resistance today
Jitu1984
charts.fyers.in/d320cae4c2bc35b419a58b38d911c6e9/825ee78090919b2fb2f299cac29fd5b0.png

As you can see, I have a very similar analysis. I had projected that the price will fall till late september.. Hard to hold 800 with this kind of price action.
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