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Stock Research
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[candlesticks] The Classic 'head and Shoulders' Pattern
Stock Research replied to TheNegotiator's topic in Technical Analysis
According to me the Head and Shoulders Pattern is the stock price is trying break 3rd time above or below which is called neckline, (The best known of all the reversal patterns, The most powerful of all reversal patterns), i am using the same pattern in my technical analysis to provide NSE India Intraday Stock Trading Tips to my clients, I am just leaving a Call for tomorrow (Monday) market -23-01-2012. BHARATFORG which perfectly fits into Inverse Head & Shoulders' Pattern in 10min and 15min Chart and it says neckline Bar high value @ 285.1, so BHARATFORG buy above 285.1, Target upto 292 Stoploss upto 279.