The stock has provided a retracement to the neckline of the H&S pattern.
If the neckline is broken with a confirmation candle, it could provide a perfect entry.
Targets should be measured on the basis of the top & neckline of the pattern.
stock breaks a good resistance level today and 2 head and shoulder pattern as well
can move like my previous head and shoulder breakout idea kotakbank or koltepatil both worked well
for educational purpose
Hero Motor Corp Ltd showing bearish signs as following:
1. Head and shoulders completed on weekly and daily timeframe.
2. Price closing below 50 and 100 day EMA for 5 consecutive weeks.
3. Price opened below neckline today (20/08/2021).
4. Bearish divergence on RSI throughout the...
L & T Stock is just completed Head and Shoulders Pattern which is a bullish pattern, retesting also completed and formed Descending triangle pattern with breakout. So, we can expect the stock may go long.
Good buy for short term.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
I am learning as...