Just , wanted to share, one important OBSERVATION.....that even on intraday charts,, whenever i have ,seen failure in head n shoulder patterns,, i have observed DEVASTATING impact on the other side...A pattern which doesnt works in its target direction,,can have major impact on the other direction.
besides, a variable hns in nifty,,this pattern is visible in a few other stocks, like sesa goa too...but if the lows of seeming right shoulder gets broken,,there can be severe price damage.
so, watch 4960 on nifty, carefully.
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