I am new to charting, but I noticed that Head and Shoulder pattern in Indiamart Intermesh. Levels on the Chart.
Please comment, if the analysis is right or wrong by giving reasoning so that I can also learn.
This post is not any recommendation. I am just posting to learn myself.
Spotted Head and shoulder pattern on SBIN.
Not seeing the uptrend unless it breaks the Supply ZONE. It is now too conjusted to break,
Even on Hoursly Time Frame it is bearish.
LongTerm Trader can remain Invested 180. however if it goes down , move out from the stock.
Also if you notice too much conjestion now, near the right shoulder
On a 4 hour chart...
Beautiful inverse Head & Shoulder pattern has formed and given breakout. My Trading mates can take advantage of it. The pattern is so clear that it does not need any clarification, however in case of any question/query please feel free to ask, I would try to reply at my earliest.
Those who would trade it are requested to mention it in comments with their...