Usha Martin cmp 314. Small head and shoulders bearish breakdown.
Some observations:
- Close to weekly medium term trendline support
- 30 WEMA is at around 290.
- Target of weekly line chart H&S breakdown at 295.
Question is will be see pattern play out, or a pattern failure and a rally? All options open as of now.
disc: invested. ( not a recommendation, discussed for academic purpose for technical analysis)
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