The stock is forming Irregular Head & Shoulder pattern with 4 Shoulders and 2 Head and is close it to be traded. Irregular Head & Shoulder Pattern works well mostly so get ready to take advantage of it. Close above 721 would trigger the trade with suitable stop loss. Please note that it has not triggered the long yet I am posting just because I am going out for a week and if it triggers the trade during this period my mates could use the setup. Wishing you all Good Luck and profitable week ahead!
@prabha_228, :) Got back on my desk after one week of holidays.
iamvaibhavkr
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sir I have seen head and shoulder with multiple shoulders but never seen with 2 heads so can you please send some link where I can learn it
praveen.bhatiya
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@VaibhavKumarVIP, Pattern with multiple shoulders are common & with multiple heads are lesser but equally good, the rarest form with both multiple head and shoulders is also valid. The best source is the famous book Encyclopedia Of Chart Patterns by Thomas Bulkowski.