M&M INVERTED H&S PATTERN
Updated
INVERSE HEAD AND SHOULDER PATTERN IN M&M
cmp 1591
any close above 1600 will be considered at pattern breakout for...
1625 / 1650 / 1675 / 1700
Sl can be 1580 closing basis
---------------------------------------------MAJOR RESISTANCE 1600-------------------------------------------
if could not sustain above 1600 one can short for
1575 / 1550 / 1525 / 1500
Sl can be 1620 closing basis
Regards..
Keshav..
02/09/2023
Disclaimer:
I am not a SEBI Registered analyst...!!
Charts are made only for study purpose and paper trading... !!
cmp 1591
any close above 1600 will be considered at pattern breakout for...
1625 / 1650 / 1675 / 1700
Sl can be 1580 closing basis
---------------------------------------------MAJOR RESISTANCE 1600-------------------------------------------
if could not sustain above 1600 one can short for
1575 / 1550 / 1525 / 1500
Sl can be 1620 closing basis
Regards..
Keshav..
02/09/2023
Disclaimer:
I am not a SEBI Registered analyst...!!
Charts are made only for study purpose and paper trading... !!
Trade active
not sustained abv 1600low 1573 target 1
Trade active
1562 lowtraill
breakout above 1600
Trade closed manually
1515 low target 3 done
NOW ATTEMPTING BREAKOUT CMP 1600
if not sustained again it will come down
Trade active
1670 high target 3 almost doneTrade closed: target reached
all targets done 1) 1600------>1515 short T3
2) 1600------>1670 long T3
3) 1600------>1501 short T4 final tgt
85+70+99= 254 points in total
This is closed.
Harm⭕️nics4Life
Twitter: @Harmonics4Life
Telegram: t.me/Harmonics4Life
Disclaimer.
I am not sebi registered analyst.
My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.
Twitter: @Harmonics4Life
Telegram: t.me/Harmonics4Life
Disclaimer.
I am not sebi registered analyst.
My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.