Head and Shoulder one of the most commonly discussed pattern and this pattern is component of 3 kind of price level Initial (high or low), Top and Bottom final (high or Low), Refer given images. This pattern can be further divided into 2 Parts || हेड एंड शोल्डर सबसे ज़्यादा चर्चित पैटर्न में से एक है, यह पैटर्न 3 तरह के price level ka है प्रारंभिक (high or Low), शीर्ष या निचला अंतिम (उच्च या निम्न), दी गई छवियों को देखें। इस पैटर्न को आगे 2 भागों में विभाजित किया जा सकता है: –
- Head & Shoulder (Bullish and Bearish)
- Head and Shoulder (Top and Bottom)
Lets discuss this Chart patterns in detail || आइये इस चार्ट पैटर्न पर विस्तार से चर्चा करें :-
- Bullish Head & Shoulder || बुलिश हेड एंड शोल्डर (Refer below given image)
Bearish Head & Shoulder || बेयरिश हेड एंड शोल्डर (Refer below given image)
Key Features of this Pattern :-
- Trend # Stock should be trending ( either bullish or bearish)
- Entry # Entry should be above the Breakout or Breakdown
- Stop Loss # SL should be Swing Low (in case of Long Trade ) or Swing High (in case of short Trade)
- Profit Target # Difference between (Top or Bottom) of Neckline should be considered for setting a Target
- Volume # Breakout or Breakdown should happen with a Strong volume.
Head and Shoulder Bottom (Refer below given image)
Head and Shoulder Top (Refer below given image)
Key Features of this Pattern :-
- Trend # There share clear Trend ( downward or upward)
- Entry # It should above the Neckline or below the Neckline
- Stop Loss # SL should be Swing Low (in case of Long Trade ) or Swing High (in case of short Trade)
- Profit Target # Difference between (Top or Bottom) of Neckline should be considered for setting a Target
- Volume # Breakout or Breakdown should happen with a Strong volume.
