Head & Shoulder formation

NSE:WIPRO60

WIPRO LTDNSE

Description

⋅ Sep 27, 2021 5:40 AM

Head & Shoulder pattern formed on daily TF.
Surely we might expect a trend reversal
Be cautious on the fake out.

Chart Patterns Head and Shoulders

Comments

sanjay_s69

⋅ Sep 28, 2021 8:19 AM

Please take this positively ..... but in H & S pattern the shoulders need to be smaller than the head .... What you have posted is not a valid H&S pattern.
However the IT sector is consolidating so we may see a down trend in most IT stocks

Keep up the enthu ! Good attempt

Hope this helps you on your learning journey

tmigmar97

⋅ Sep 28, 2021 12:04 PM

@sanjay_s69, Thanks sir, much appreciated..

rsdhillon388

⋅ Sep 29, 2021 2:41 PM

@sanjay_s69 @sanjay_s69 what is your prediction for wipro tommorrow i shorted on 648 oct

rsdhillon388

⋅ Sep 29, 2021 2:42 PM

@rsdhillon388 i mean oct futures. will it go down or it is going up

tmigmar97

⋅ Sep 30, 2021 9:46 AM

@rsdhillon388, Looks like its forming a double bottom. If that's so can move upwards

nandanmaruti9

⋅ Oct 7, 2021 2:03 PM

@sanjay_s69 @sanjay_s69 well said sir