The Head and Shoulders is one of the most known and reliable pattern in context to technical analysis which signifies a topping pattern once broken down
This pattern occurs in all time frames and in different forms from simple to complex formations ....
Some of the Key Indices and stocks in Indian Markets do they have still got more pain left .... ???
Lets see the similar Head & Shoulders Patterns in NIFTY, CNX IT, CNX Midcap, CNX Small Cap and few stocks ....
Apart from NIFTY the other indices and stocks are yet to complete the patterns ....
NIFTY
NIFTY IT
'
NIFTY Midcap
NIFTY SmallCap
Arvind
ITC
Although the pattern identified in different Indices and stocks are same but the behavior and the action taken needs to be different to benefit from each of them ....
Timing the Entry, Exit and Managing the Risk is Important to capitalize on swing trends .....
To Know more above next big move in Major Indian Sectors & to Know more detailed Elliot Wave Counts and where probably markets
are heading towards long, medium and short term levels and which sectors to be in, educate
yourself with us from simple to advanced technical analysis concepts ....
Why do markets repeat similar patterns in different stocks or Indices ???
For Workshops on Technical Analysis & Financial Markets Contact Us
Raju V Angadi Vishwanath, B.E., MS, CMT
Technical Analyst
rvangadi@googlemail.com+91 78291 55900
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