Head and Shoulders Chart Pattern

The head and shoulders pattern is one of the most common  trend reversal pattern so it is bullish to bearish trend reversal pattern  once this pattern is formed there is high probability that initial trend will reverse soon. or in other words we can say It  is also important to keep in mind that it occurs after an uptrend and usually marks a major trend reversal when complete. for identifying head and shoulders pattern on chart it needs to be know about left and right shoulder,Head,Nechline, Target and support and resistance and volume is required for confirmation.

we can see this pattern on Nifty daily chart.