H & S - RELIANCE gonna short... :)
Confirmed by DAY and WEEKLY Charts.
If Current Weekly Candle Breaks around or Closes below 1965 confirms H&S neckline breakout with target of BP (breakout price) - 70% of HEAD height from neckline | Breakout.
Assisted by Observations : For short period
1. RSI- weekly is Downward with slow sideways momentum (In decision | neutral) confirms to reach low.
2. Head & Shoulders Pattern.
3. Series of lower lows and lower highs confirming Bearish.
4. Triangle pattern - Bearish continuation.
5. Weather - Financial Year closing....
Hoping analysis is acute, Likes & Comments are welcomed ;)
Know me as a Beginner... :)
-VK
If Current Weekly Candle Breaks around or Closes below 1965 confirms H&S neckline breakout with target of BP (breakout price) - 70% of HEAD height from neckline | Breakout.
Assisted by Observations : For short period
1. RSI- weekly is Downward with slow sideways momentum (In decision | neutral) confirms to reach low.
2. Head & Shoulders Pattern.
3. Series of lower lows and lower highs confirming Bearish.
4. Triangle pattern - Bearish continuation.
5. Weather - Financial Year closing....
Hoping analysis is acute, Likes & Comments are welcomed ;)
Know me as a Beginner... :)
-VK
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