Clear and Beautiful head and shoulder pattern.
If the neck line is retested, breached and price closes above it then maybe don’t take the trade.
Even I’ve no idea how this thing works.
Haha bye
Nfl has made an INVERSE HEAD AND SHOULDER(bullish) pattern
IMO target should be the distance from neckline to the swing low of the head, i.e. around 65-70.
But only enter this trade after the 2h candle closes above the neckline
*FOR EDUCATIONAL PURPOSES ONLY*
Nmdc has broke out of a cup pattern IMO according to the technical analysis theory the target should be around 156 and moreover it has broken out of a channel on 1d timeframe basis.
*Only for educational Purposes, not a financial advice*
If Nifty breaks out of the neckline then we might see a rally till 20500-20800 but if there is a heavy rejection from the resistance area then there are supports(trendlines) drawn till where it may bleed to.
You may short or long it as the price action develops and a trendline in broken.
*Not a financial advice only for educational purposes*
