As shown in chart in long period we can see a double top formed and further if we observe we have kind of head & shoulder pattern formed in chart and further breakdown has happened yesterday below that point.
One can SELL around CMP or around 400 with Target below 370
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...
COAL INDIA-Head Shoulder formation
All studies explained in the chart.
➣ Promising chart.Can see Inverted Head Shoulder pattern in the chart.anytime BO. Breakout above the neckline .
➣ Fundamentally good company.
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I hope you can now see how Sbin represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed...
Invesrse Head and shoulders pattern in UBL.
Broke Neckline of 1067 today with very heavy volume at the end of the right shoulder.
CLear long signal..
Major resistance is near 1200 levels.
1200 is on the cards very soon.