HEROMOTOCO - Multi-Right Shoulder H&S (it works out too much)

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Pattern Watchers!👀
We usually get one head, one left shoulder, and one right shoulder, right?
But this chart said: "Why stop at one? Let’s bulk up the right side!" 😂

🧠 Head & Shoulders spotted –
  • ✔️ Classic neckline around ₹4390
  • ✔️ Multiple failed breakouts but price holding above range
  • ✔️ Right shoulder has been gymming, forming a clean range


📏 Potential breakout target = ~₹5400
🧱 Resistance zone above (highlighted in red) may act as the next boss level

🎯 Watch for:

  • Break and hold above ₹4450–₹4480
  • Volume confirmation
  • Avoid fakeouts — price needs to STAY above neckline


💡 Bonus thought: This could also be interpreted as an Inverse H&S breakout from March, and this range is just a healthy consolidation.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.