Get started
jeet20

Head & Shoulder pattern in Auto Axles.

Long
AUTOMOTIVE AXLES (NSE:AUTOAXLES)  
jeet20 Updated   
NSE:AUTOAXLES   AUTOMOTIVE AXLES
Trend Analysis Chart Patterns Technical Indicators Demand Zone demandandsupplyzones demand_zone head_and_shoulder higherhigh rsistrategy
3
0
trendanalysis chartpattern indicator demandzone demandandsupplyzones demand_zone head_and_shoulder higherhigh rsistrategy
Auto Axles has been corrected from 2449 to 1860 by forming Lower High and Lower Lows. Price has been reverted from supply zone (1730 - 1800) on weekly time frame. It has formed higher high recently showing possibility of trend reversal and has also formed Head & Shoulder pattern on daily time frame and current price is near to neck line of H&S pattern, Having possibility for uptrend move. Share is trading below 200 D SMA.
CMP - 1866
RSI - 51
Entry price - 1885
Target price - 2070 (around 10%)
SL - 1790 (5%)


Disclaimer - This is for education purpose only. I am not a SEBI registered analyst. Take advise from your financial advisor before investing.
Trade active:
5% up from entry price.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.