RudraAssassin

HEAD SHOULDER PATTERN Almost COMPLETE

Long
NSE:UPL   UPL LTD
Can Go Long Between 400 to 410
For targets of :
445
485
520

Comments

Inverted H&S pattern is bullish.
Reply
RudraAssassin rahrosh08
@rahrosh08, yes my friend but look at rbl bank also same and upl also jumped back up from 408 level now at 420
Reply
does HS even work on weekly time frame?
Reply
@nsb64y, HnS is not fixed for specific time frame
it can be used for all timeframes
Reply
Head and shoulder pattern would indicate down trend and not uptrend because it is repeatedly testing support area.. 3rd shoulder represents stock losing momentum of uptrend.. we will need to look out for short after price action here if the support is broken., if it is inverted head and shoulders then we go for long as stock would test resistance
Reply
RudraAssassin Shivakonda
@Shivakonda, Yes thats how the pattern goes but it has multiple times rejected the 395 level

can short below 395 only
Reply
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