H&S tops with ascending necklines are easy to trade for the reason of their premature signals. Even if you don't know the name of the pattern, you can simply gauge that your stock is unable to form a fresh high & broke down with declining volumes
Apollo Hospitals - target 2990
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Mahindra & Mahindra - updated chart
A bullish flag pattern right after the breakout. Although the broader rectangle target of 1190 is way more than this bullish flag target https://t.co/wdAzb7SS7L
A bullish flag pattern right after the breakout. Although the broader rectangle target of 1190 is way more than this bullish flag target https://t.co/wdAzb7SS7L
Interesting chart of Mahindra & Mahindra consolidating in a rectangle pattern & the price not falling back to the lower support. pic.twitter.com/GJ7rCfkB9f
— The_Chartist \U0001f4c8 (@charts_zone) May 26, 2022
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These are going to be very simple yet effective pure price action based scanners, no fancy indicators nothing - hope you liked it.
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