5 Years Multiyear Breakout at JKTYRE

5 Years #Multiyear #Breakout at #JKTYRE (JK Tyre & Industries Ltd) Weekly Chart. Its #Outperformed #Nifty.

BSE: 530007 \\ NSE : JKTYRE

HEAD & SHOULDER FAILURE :-

Head and Shoulder is a reliable reversal chart pattern that forms after an advance or a decline and the completion of the formation suggests a reversal of the existing trend. Global Equity Markets report focuses mainly on chart patterns with horizontal boundaries. H&S shoulder chart patterns with horizontal necklines are usually highlighted in the weekly reports.

As it is the case with different classical chart patterns, H&S reversals can fail. However, the failure of this specific reversal chart pattern can be more informative than other classical chart pattern failures. Both the failure of a H&S after a confirmed breakdown of the neckline or failure without completing the chart pattern with a decisive breakout, would validate earlier uptrend will continued.

ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)

#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength

DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.