Hello friends , Today i have the technical chart Of Relaxo Footwears . Friends as you can see here that it is making Inverted Head and Shoulder chart pattern which means it can go up but if you see closely that it can also break and can go down . Because it is not that much type nice Inverted Head and Shoulder . Its Neck line you can take is at rs 680.10 and its target i have shown in the picture . Thank You . If you like this Idea and this Analysis just please like this idea and leave a comment i will surely try to improve it or if you have any doubt related to this you can write in the comment. Bye Bye .
Inv H& S is a trend reversal pattern, and supposed to form at the end of downtrend. Where do you see a downtrend here?
fvikas
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overall sentiments of the global market is negative so there is much chances of following bearish pattern....picture can be clear by the end of month
AvikDas_1984
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Reverse Head and Shoulder is only possible in the downtrend. This is more likely to be a triangle formation.
rakeshbedi360
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Nice and knowledgeable for laymem , thus , continue infuture as well .
debashisbam
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It's right thanks Please give technical s of upl and arati industries
MAYANKTECHRESEARCHING
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Hello sir , due to your request for technicals of upl and aarti industries i have published my new ideas on both of these stocks . If you want more technicals or any other thing you can follow to my channel and you can chat with me in the private chat for technicals or for any other thing . Thank you . wishing you a happy day . bye .
mcpriceaction
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gud work, spare time to analysis my ideas on charts
Gautam_Rajwani
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Hi, Thanks for your ideas, I have one query ? according to H&S Pattern, Right shoulder low is major support and H&S Pattern SL, And Y'day it has been break. I think this pattern is invalid. Please share your view