@rahrosh08, yes my friend but look at rbl bank also same and upl also jumped back up from 408 level now at 420
nsb64y
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does HS even work on weekly time frame?
RudraAssassin
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@nsb64y, HnS is not fixed for specific time frame
it can be used for all timeframes
Shivakonda
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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
RudraAssassin
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@Shivakonda, Yes thats how the pattern goes but it has multiple times rejected the 395 level