Will voltas form H&S (Head & Pattern) ?
We need to look out things. Voltas candle pattern is forming Head and shoulder pattern.. right shoulder is yet to form.. so we have to look below points...
1. Entry for short. If the candle break out the demand zone.. or ......if the pattern formed valid Head and shoulder... entry point @ 580 and target will be 549 & 538 stop loss...592
2. If the chart fails to break the demand zone this will retest the previous resistance 624.85.. we can take entry for long @ 594 ....Target will be 624.6 stop loss 582..
3.If the chart reached 625 and breaks 630 this will reach the next resistance 663.. and head shoulder pattern will be invalid..
target which I have given is only education purpose only... so take this for learning purpose......
1. Entry for short. If the candle break out the demand zone.. or ......if the pattern formed valid Head and shoulder... entry point @ 580 and target will be 549 & 538 stop loss...592
2. If the chart fails to break the demand zone this will retest the previous resistance 624.85.. we can take entry for long @ 594 ....Target will be 624.6 stop loss 582..
3.If the chart reached 625 and breaks 630 this will reach the next resistance 663.. and head shoulder pattern will be invalid..
target which I have given is only education purpose only... so take this for learning purpose......
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