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 –
📏 Potential breakout target = ~₹5400
🧱 Resistance zone above (highlighted in red) may act as the next boss level
🎯 Watch for:
💡 Bonus thought: This could also be interpreted as an Inverse H&S breakout from March, and this range is just a healthy consolidation.
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.
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.