wrong analysis , shoulders are at same position not up and down please dont misguide people
PayelNandy
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@pandvvk, this is what i have observed and posted. May our observation varies but there is no intention to misleading or misguiding others. So please avoid the term misguide . Thank you
pandvvk
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@PayelNandy, I think the 45 min time frame is too shot to observe a HnS and HnS is a reversal pattern majorly so as per your analysis banknifty should have gone down from 24700 levels to at least 24500 levels but exactly opposite happened and it went up to break 25500 levels ( above head in your chart) . I actually reconfirmed that shoulders can be up and down but symmetry is preferred. But any how looking at the current scenario your analysis did go wrong in this case. I am not trying to discourage you so please post comment on my reply let see if we can discuss it any further
PayelNandy
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@pandvvk, yes as because a pattern might failed and in this case it was over its strong support zone and bounce back... Now lets focus on present market scenario... Thank you