with tgt and sl market entry price will be after a retest! A confident breakout is when it retests the previous resistance zone as its (now) support zone.
Looks the counter has formed H&S on a daily and neckline is around 4680
I see a hanging head and shoulder pattern on Bank Nifty and will fall after the neckline break. Target expected is 2.30% from the neck line. Lets watch.
Asian Paint is Making a Head and Shoulder Pattern and Trading near the Neckline. It's also giving a Negative or Bearish Divergence. Short When it breaks the Neckline with Higher Volume than the Average Volume.
Head and shoulders formation look for breakout below neckline.
Head and shoulder pattern made in Ashok leyland.Buyer Stay alert.
It is been observed on the daily chart that the price action forming a bearish head n shoulder pattern, indicating further weakness ahead. Target 1: 1380 Target 2: 1340 Stoploss: 1420