market may be reverse at the present point be consus.Dear traders, There is also a Supp. & Res. zone, need to be consus here if it break the upper res. may be goes for long trade in upside.
request to you trade with a Stop loss. RSI & Stochastics both are at Over bought But it is under the 26MA. Good Luck
H-pattern
CHOLAFINANCE : Pattern Failure Pattern failures are more profitable than regular trading patterns. One of the phenomenon can be seen on CHOLAFINANCE chart. A Head and shoulder pattern formation followed by a breakout of the neckline. But the prices immediately came back above the neckline & holding it successfully. This can be taken as pattern failure for H&S formation. One should go long with SL of 543 and look for the target of 620 and 650-60 zone.
HDFC double top Today HDFC close below it's neckline so there is a good position for a sell side double top pattern formed and breakout given today of neckline
THIS IS JUST FOR EDUCATION PURPOSES!!
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