Spotted a beautiful setup on VISHAL MEGA MART LTD (1H Chart), following my favourite "Elevated Right Shoulder" pattern.
- The Left Shoulder and Head formed clearly.
- The Right Shoulder didn't go below the head, indicating ultra bullish structure and formed a demand zone.
- Price touched the Demand Zone and gave a perfect reversal.
-Clean entry with favourable risk-reward.
Let's see how it plays out.
- The Left Shoulder and Head formed clearly.
- The Right Shoulder didn't go below the head, indicating ultra bullish structure and formed a demand zone.
- Price touched the Demand Zone and gave a perfect reversal.
-Clean entry with favourable risk-reward.
Let's see how it plays out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.