Left Shoulder
Formed around ₹300–305.
Price corrected afterward.
Head
New high near ₹365–370.
Strong rejection from the highs.
Right Shoulder (currently forming)
Price has rallied back to ₹300–305, but failed to make a new high.
This is consistent with a potential H&S pattern.
Neckline
The dotted rising trendline acts as the neckline.
It is currently around ₹230–235.
Current price
Current: ₹289.65
Resistance: ₹300–305
Major support: ₹275–280
Neckline support: ₹230–235
Formed around ₹300–305.
Price corrected afterward.
Head
New high near ₹365–370.
Strong rejection from the highs.
Right Shoulder (currently forming)
Price has rallied back to ₹300–305, but failed to make a new high.
This is consistent with a potential H&S pattern.
Neckline
The dotted rising trendline acts as the neckline.
It is currently around ₹230–235.
Current price
Current: ₹289.65
Resistance: ₹300–305
Major support: ₹275–280
Neckline support: ₹230–235
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.
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.