- Asian Paint is forming H&S pattern. This pattern is usually forms when the stock prices reaches its all time high and at the top.
- This pattern yet not completely formed but the love towards the patterns help me to project the things.
- This is too early to get in any position.
- All you can do is just wait for bounce from the neck line and let it form the right shoulder.
- I'm going to ladder in the shorts when the right shoulder = left shoulder ( keeping small position shorts there)
- Break of H&S pattern neckline will confirm the pattern and there we can add more short position to previous position with stop loss above the right shoulder.
- This pattern yet not completely formed but the love towards the patterns help me to project the things.
- This is too early to get in any position.
- All you can do is just wait for bounce from the neck line and let it form the right shoulder.
- I'm going to ladder in the shorts when the right shoulder = left shoulder ( keeping small position shorts there)
- Break of H&S pattern neckline will confirm the pattern and there we can add more short position to previous position with stop loss above the right shoulder.