Head and Shoulders Pattern

Three peaks with the middle one highest — the best known topping pattern there is.

Bearish Reversal pattern 26 stocks showing it now Scanned 2026-10-16

📊 Stocks forming a head and shoulders right now

Timeframe All Daily Weekly · State All Forming Broken out ↑ Broken down ↓

Showing 26 of 26. Trigger is the price a daily close must clear for the pattern to complete; Target is the measured move it projects, marked ≈ while the break has not happened yet.

Stock	TF	State	CMP	Trigger	Away	Target	Touches
3MINDIA3M India Limited	Weekly	▼ Broken down	₹30,400.00	₹31,198.18	broken	₹25,926.36 (-15%)	5
GMRAIRPORTGMR AIRPORTS LIMITED	Weekly	▼ Broken down	₹89.50	₹91.92	broken	₹68.45 (-24%)	5
GSFCGujarat State Fertilizers & Chemicals Limited	Weekly	▼ Broken down	₹148.86	₹154.72	broken	₹124.81 (-16%)	5
DIXONDixon Technologies (India) Limited	Weekly	▼ Broken down	₹12,340.00	₹12,700.33	broken	₹10,228.00 (-17%)	5
CHAMBLFERTChambal Fertilizers & Chemicals Limited	Weekly	▼ Broken down	₹388.10	₹428.82	broken	₹352.40 (-9%)	5
NBCCNBCC (India) Limited	Weekly	▼ Broken down	₹75.51	₹89.83	broken	₹65.37 (-13%)	5
INGERRANDIngersoll Rand (India) Limited	Weekly	Bearish	₹4,053.60	₹4,067.00	0.3%	≈₹3,281.00 (-19%)	5
SUPRAJITSuprajit Engineering Limited	Weekly	Bearish	₹465.45	₹463.57	0.4%	≈₹370.46 (-20%)	5
POWERINDIAHitachi Energy India Limited	Weekly	Bearish	₹28,990.00	₹29,173.57	0.6%	≈₹22,817.86 (-21%)	5
ENDURANCEEndurance Technologies Limited	Weekly	Bearish	₹2,406.40	₹2,388.67	0.7%	≈₹1,811.96 (-25%)	5
OFSSOracle Financial Services Software Limited	Weekly	Bearish	₹10,386.00	₹10,463.67	0.7%	≈₹8,124.00 (-22%)	5
REDTAPERedtape Limited	Daily	Bearish	₹114.15	₹113.10	0.9%	≈₹93.45 (-18%)	5
BHARATFORGBharat Forge Limited	Weekly	Bearish	₹1,835.00	₹1,855.76	1.1%	≈₹1,404.45 (-23%)	5
MAHABANKBank of Maharashtra	Weekly	Bearish	₹79.79	₹78.11	2.1%	≈₹60.36 (-24%)	5
LMWLMW Limited	Weekly	Bearish	₹16,060.00	₹15,670.00	2.4%	≈₹11,189.00 (-30%)	5
BIRETBrookfield India Real Estate Trust	Weekly	Bearish	₹321.72	₹312.36	2.9%	≈₹249.03 (-23%)	5
CHOICEINChoice International Limited	Weekly	Bearish	₹740.55	₹718.49	3.0%	≈₹589.68 (-20%)	5
BELRISEBelrise Industries Limited	Weekly	Bearish	₹231.51	₹223.93	3.3%	≈₹177.01 (-24%)	5
BALKRISINDBalkrishna Industries Limited	Weekly	Bearish	₹2,052.80	₹1,982.10	3.4%	≈₹1,406.20 (-32%)	5
LICILife Insurance Corporation Of India	Weekly	Bearish	₹397.75	₹378.84	4.8%	≈₹319.48 (-20%)	5
LLOYDSMELloyds Metals And Energy Limited	Weekly	Bearish	₹1,851.70	₹1,761.29	4.9%	≈₹1,351.93 (-27%)	5
ETERNALETERNAL LIMITED	Daily	Bearish	₹325.30	₹306.08	5.9%	≈₹271.36 (-17%)	5
360ONE360 ONE WAM LIMITED	Weekly	Bearish	₹1,075.00	₹999.91	7.0%	≈₹809.29 (-25%)	5
EICHERMOTEicher Motors Limited	Daily	Bearish	₹7,284.50	₹6,730.86	7.6%	≈₹5,559.30 (-24%)	5
TVSMOTORTVS Motor Company Limited	Weekly	Bearish	₹4,095.10	₹3,759.34	8.2%	≈₹2,912.12 (-29%)	5
PNGJLP N Gadgil Jewellers Limited	Weekly	Bearish	₹603.35	₹541.20	10.3%	≈₹405.55 (-33%)	5

📖 What a head and shoulders is

A peak (left shoulder), a higher peak (head), then a lower peak roughly level with the first (right shoulder). The line joining the two troughs is the neckline, and it may slope.

Why it forms

The head is the last surge of buying. The right shoulder failing to reach it says that buying is gone. Breaking the neckline confirms the uptrend's structure of higher highs and higher lows is over.

🎯 Trigger

A close below the neckline. A right shoulder alone is not a signal.

📏 Target

Measure from the top of the head down to the neckline and project that distance below the break point.

🛑 Invalidation

A close above the right shoulder before the neckline breaks, and above the head at any point.

🖼 Example on a live chart

3MINDIA — Weekly

Broken down ↓

3MINDIA head and shoulders pattern on weekly candles, with the pattern boundaries and breakout level drawn

The shaded band is the formation. On tops and bottoms the indigo line traces the shape itself — up into the left shoulder, over the head, and away from the right — and the dashed line is the neckline it has to break; on triangles, wedges and channels the two solid boundaries are the pattern. Triangle markers are the swing highs and lows those lines were fitted through, and the dash-dot line is the measured-move target once the pattern has broken.

❓ Head and Shoulders FAQ

What does a head and shoulders pattern indicate?

A likely end to an uptrend. It is a reversal pattern, and it is confirmed only when price closes below the neckline — an unconfirmed head and shoulders fails often enough that trading it early is a losing habit.

Does the neckline have to be horizontal?

No. The two troughs are rarely at the same price, so the neckline usually slopes. A down-sloping neckline is generally read as more bearish. Flash Finance draws the neckline through both troughs rather than flattening it to an average.

What is an inverse head and shoulders?

The same shape upside down — a low, a lower low, then a higher low — and it is a bullish bottoming pattern instead of a bearish topping one.

↔ Related formations

Inverse Head and Shoulders (5) Double Top (40) Double Bottom (10) Triple Top (55) Triple Bottom (31) All patterns →

📚 Today's chart books (PDF)

About the chart books →

Daily Chart Pattern Book 100 annotated charts across 17 pattern types, 15 breakouts and breakdowns 16 Oct 2026 close · 54 pages · 9.2 MB Open PDF F&O Chart Pattern Book 100 F&O stocks · 15 pattern types · 21 breaks (1 up, 20 down) 16 Oct 2026 close · 54 pages · 9.3 MB Open PDF Chart Pattern Research Book 100 stocks, one per page, each with its last 3 high-impact NSE announcements 16 Oct 2026 close · 104 pages · 9.6 MB Open PDF Trendline Touches 25 falling trendlines from the top (resistance) · 25 rising trendlines from the bottom (support) 16 Oct 2026 close · 55 pages · 4.6 MB Open PDF Channel Tests 25 testing the lower channel line (support) · 25 testing the upper line (resistance) 16 Oct 2026 close · 55 pages · 5.1 MB Open PDF Change of Polarity 19 stocks where old resistance is being retested as support 16 Oct 2026 close · 24 pages · 2.0 MB Open PDF

Educational only. Prepared with AI assistance and reviewed by our editors; still check prices and levels yourself. Not investment advice.

How these are found: swing highs and lows are picked out with a percentage ZigZag on daily and weekly candles, and the boundaries are line-fitted through those swings. A formation is only published when the fit is tight, the boundaries are actually touched several times, and the price action stays inside them. The most recent swing is provisional, so a forming pattern can still change shape on the next candle, and patterns whose break already played out are dropped rather than shown as fresh. Levels and targets are the textbook measured moves, not forecasts. This is auto-generated market data, not investment advice.