BHEL may come of F&O ban for tomorrow’s trade -Open interest as of now at 79% of MWPL
PNB also very close to coming out of ban - OI at 80% of MWPL
Note- OI has to fall below 80% for a stock to come out of ban
#stockmarkets #Nifty #stocks
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In such a case, H&S can be either a continuation pattern or compound fulcrum.
This is how to differentiate:
• if right shoulder is smaller than left, most likely a continuation H&S
• if right is same or higher than left, and the price is not coming to neckline, most likely CF
This is how to differentiate:
• if right shoulder is smaller than left, most likely a continuation H&S
• if right is same or higher than left, and the price is not coming to neckline, most likely CF
sir a doubt does head & shoulders work in down trend ? pic.twitter.com/dytYmbzOfp
— Vega_Greek (@VegaGreek) May 13, 2021