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Mayank-Pandey

Head and Shoulder pattern in Polycab on hourly timeframe

Long
POLYCAB INDIA LTD (NSE:POLYCAB)  
Mayank-Pandey  
NSE:POLYCAB   POLYCAB INDIA LTD
Trend Analysis Chart Patterns Head and Shoulders POLYCAB longtrade longtradesetup head_and_shoulder tradeon
2
0
trendanalysis chartpattern headandshoulders polycab longtrade longtradesetup head_and_shoulder tradeon
Head and Shoulder pattern in Polycab on hourly timeframe chart. A breakout is imminent as the overall tone of the market is bullish. A short term swing trade is on.

Targets are: 1. depth of right shoulder, 2. depth of the head.
Stop Loss: close below previous day low (for F&O), low of right shoulder for cash trades.

PS: I am holding a long position.

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