Classical Head and Shoulders - Breakout Awaited
Tata Motors has made a classic head and shoulder pattern on daily charts, need breakout above 470 for confirmation.
Upon confirmation one can enter for target of 480, 490 & 500. SL 460.
Upon confirmation one can enter for target of 480, 490 & 500. SL 460.
Bình luận:
Text book stoploss shall be right shoulder lower that is 450.
Bình luận:
No confirmation move yet
Bình luận:
Below 450 this is no more valid pattern.
Bình luận:
No confirmation move yet
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