INDUSIND BANK - BEARISH HEAD N SHOULDER PATTERN

It is been observed on the daily chart that the price action forming a bearish head n shoulder pattern, indicating further weakness ahead.

Target 1: 1380

Target 2: 1340

Stoploss: 1420

Trade attivo

Trade chiuso: obiettivo raggiunto:

Yesterday, Target 1 reached successfully. Now, it shall further come up to the Head and Shoulder resistance and then fall again due to selling pressure.

Trade attivo

Commento:

Stoploss changed to 1435.

Commento:

Any rise in this one is a sell until it closes above 1550 on daily basis.

Trade chiuso: stop raggiunto

Commento:

It is still a SHORT until it crosses over the Head and Shoulder pattern.