Head & Shoulder Pattern breakout

21 thg 8, 2015

Nifty 50 Index has formed Head & Shoulder pattern and it has break with opening below the neck line. Prices has opened with almost 1 percent down and sustained below the same till last session of todays market. Moreover it has seen that RSI 14,9 is also suggesting positive divergence, in which prices should trade higher. Need to see what market actually follow the trend of. Traders should follow Head & shoulder with SL of neck line.