inverted head and shoulders pattern formation in stock
price is resisting at neck line of head and shoulder pattern once price breaks this resistance of supply zone price expected to move upward
Stock successively running in down trend making lower higher and lower lows
but here trend is trying to change where it created peak of low and reverse back and again try...
head and shoulders + flag pattern is formed
midcap and smallcap stocks are going to boom
intraday opportunity is less, but for two to three days of holding is good
for long term investment
.reffer my old analysis attached below
A new resistance has come through ICICI Bank and the price has moved downwards from there.
A good bullish move was seen in the market when the resistance was broken by the market.
A good move to the downside can be seen if the market breaks the 915 level.
Strong resistance currently acts as strong support.
If the market cannot break the level of 915 then the...
Price on support line as well as in symmetrical traingle.
Also near the trend line ressistance
so wait for big break out before enter.
This is strong support line because so much
Time touched this level.