Head & Shoulder Reversal BreakoutThe stock has formed a nice Head & Shoulder pattern after uptrend. We can expect the price to reverse now and take advantage of the pattern by shorting the stock. The pattern can drag the prices to 920 - 940.
Head_and_shoulder
Head & shoulder breakout SOUTHBANK has given a head and shoulder break out pattern i.e bullish in nature, watch near dip for target 28.3/ 31 stop loss below 20.
ENGINEERS INDIA - ShortENGINEERS INDIA have broken its support line on daily chart. Also, its has formed 'Head and Shoulders' pattern.
Though RSI looked oversold, but it is going to fall to level of around 139 in short term.
Please comment, if you feel any change/addition to my view :)
