Same Evening Star formation at the same resistance level High possibility of follow through as seen previously Although Pharma and Healthcare are one of the strongest right now
Huge run up in last one year almost 10x and 2.5x in last 6 months Lower High twice (need to do thrice for formation to complete) Bearish Engulfing made at resistance level which was support of previous swing Follow through after bearish engulfing SL and Entry price mentioned in Chart Track sector to gauge strength of Sector AngelOne is weak on Chart
Lower High Formation Resistance of current swing high at previous swing lows Bearing engulfing at previous supports
Lower High formation Resistance of last high at previous swing low Bearish Engulfing at Previous Support indicating it has turned into Resistance Entry and SL drawn in Chart
Forming Bearish Engulfing with follow on candle confirmation in D-TF This kind of formation at Resistance levels earliers have give good follow through on the downside
Eicher Motors Breaking out after 5 months of Consolidation range
IRCTC has made a strong double bottom at 560 and higher high pattern started after breakout from 656 with Inverse H&S pattern
Kabra Extrusion Inverse H&S on Daily TF which is additionally confirmed by breakdown from long term trendline
Astral made a inverse H&S pattern on Dailt TF with strong breakout candle from a key resistance
Reliance showed strong reversal from this trendline
PVR can fall further as it has given H&S Breakdown with a strong red candle of -4% on 20-Feb-2022
TVS can fall further as it has given H&S Breakdown with a strong red candle of -4%+ on 20-Feb-2022