joyful trade- head and shoulders pattern on RELIANCE:

It is not yet conformed that the stock will move up or go down, wait till it give any confirmation.

A head and shoulders pattern is a chart formation with baseline with three peaks, the outside two are close in height and the middle is highest.

In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.

The head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target almost 85% of the time.