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I& #39;m going to list two stocks, whose targets according to one classical pattern is way below zero 
https://abs.twimg.com/emoji/v2/... draggable="false" alt="😄" title="Smiling face with open mouth and smiling eyes" aria-label="Emoji: Smiling face with open mouth and smiling eyes">
The stocks may surprise you due to the reputation associated with these companies.
In all my screen reading of Thousands of hours, this is the first time I& #39;m seeing such things.
The stocks may surprise you due to the reputation associated with these companies.
In all my screen reading of Thousands of hours, this is the first time I& #39;m seeing such things.
#InterestingPatterns
Head&Shoulders
Calculation of Targets:
The first target of a Head & Shoulder Pattern is the price difference between the head and low point of the
shoulder. This difference is then subtracted from the neckline breakdown level to provide a price target.
Head&Shoulders
Calculation of Targets:
The first target of a Head & Shoulder Pattern is the price difference between the head and low point of the
shoulder. This difference is then subtracted from the neckline breakdown level to provide a price target.
Some Ruleshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Thumbs up" aria-label="Emoji: Thumbs up">
1. These are just some fun facts that I discovered during my regular analysis, don& #39;t trade on themhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🥂" title="Clinking glasses" aria-label="Emoji: Clinking glasses">
2. It is better to ignore such stocks.
3. Definitely avoid going long or short.
4. Though they won& #39;t go below Zero, but why to even invest in them?
1. These are just some fun facts that I discovered during my regular analysis, don& #39;t trade on them
2. It is better to ignore such stocks.
3. Definitely avoid going long or short.
4. Though they won& #39;t go below Zero, but why to even invest in them?
Stock No. 1
#MothersonSumi
Owned by a fellow Sehgal.
A reputable name in the industry.
But the Charts are indicating a Price target below ZERO.
High of Head - Low of Shoulder= Downside Target
In this case,
260-90=170
So, a breakdown of 90 and the targets of -80https://abs.twimg.com/emoji/v2/... draggable="false" alt="😅" title="Smiling face with open mouth and cold sweat" aria-label="Emoji: Smiling face with open mouth and cold sweat">
#MothersonSumi
Owned by a fellow Sehgal.
A reputable name in the industry.
But the Charts are indicating a Price target below ZERO.
High of Head - Low of Shoulder= Downside Target
In this case,
260-90=170
So, a breakdown of 90 and the targets of -80
" title="Stock No. 1 #MothersonSumiOwned by a fellow Sehgal.A reputable name in the industry.But the Charts are indicating a Price target below ZERO.High of Head - Low of Shoulder= Downside TargetIn this case,260-90=170So, a breakdown of 90 and the targets of -80 https://abs.twimg.com/emoji/v2/... draggable="false" alt="😅" title="Smiling face with open mouth and cold sweat" aria-label="Emoji: Smiling face with open mouth and cold sweat">" class="img-responsive" style="max-width:100%;"/>
Stock No. 2
#ashokleyland
High of Head= 165
Low Of Shoulder= 75
165-75= 90.
And the targets of -Rs 15 from the breakdown level of 75.
#ashokleyland
High of Head= 165
Low Of Shoulder= 75
165-75= 90.
And the targets of -Rs 15 from the breakdown level of 75.
Disc: These are just fun facts.
NO TRADE CAN BE TAKEN BASED ON THIS.
Just your own discretion and wisdomhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🥂" title="Clinking glasses" aria-label="Emoji: Clinking glasses">
Just wanted to break the monotony and share something interestinghttps://abs.twimg.com/emoji/v2/... draggable="false" alt="😀" title="Grinning face" aria-label="Emoji: Grinning face">
#StockMarkets #Nifty50 #IndianStocks
NO TRADE CAN BE TAKEN BASED ON THIS.
Just your own discretion and wisdom
Just wanted to break the monotony and share something interesting
#StockMarkets #Nifty50 #IndianStocks
