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jayaprakash99

MTARTECH is forming Head and Shoulders?

MTAR TECHNOLOGIES LTD (NSE:MTARTECH)  
jayaprakash99  
NSE:MTARTECH   MTAR TECHNOLOGIES LTD
Head and Shoulders Support and Resistance Supply and Demand MTARTECH
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headandshoulders supportandresistance supplyanddemand mtartech
Seems MTARTECH is forming a Head and shoulder pattern, which is a bearish pattern. If the price closes below 2000, with good volume, then it can go further to 1700 and 1500 levels. However, if the price bounces back at 2000 levels, the pattern becomes invalid. So keep a look at this for a trade opportunity.

Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.

Happy Trading
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