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.
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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.
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.