CESC, Head and Shoulders, 30 mint Chart, Learn and Earn Short

CESCNSE

Description

⋅ May 16, 2020 3:20 AM

CESC 30 min chart Head and Shoulders

Head heigh approx 86 point
The potential down target at 500
For short traders, it is advisable that maintain stop-loss 600 nearby and trade. The stock is showing that it will move in the down direction.

Comments

Prakash94

⋅ May 16, 2020 4:00 AM

The target for intraday or swing??

Jay_25

⋅ May 16, 2020 4:17 AM

@Prakash94, swing

Wonder97

⋅ May 16, 2020 5:50 AM

Time frame please for the target?

Jay_25

⋅ May 16, 2020 11:35 AM

@Wonder97, its 30 mint chart, my view, you can use any time frame chart between 1hr to 5 mint according to your trading style.

Wonder97

⋅ May 16, 2020 12:08 PM

@Jay_25, Thanks for the reply, but I meant that 'what should be the holding period to achieve this potential target of 500?'

Jay_25

⋅ May 16, 2020 3:47 PM

@Wonder97, it depends on market sentiment and movement, it should give target in next week mostly