Bayer Cropscience (BSE Code 506285) Inverted Head and Shoulder Pattern

[rkgoyal_98]

Hi al, I am new to Technical analysis and just learning things. I have noticed on weekly and Daily Chart of Bayer Cropscience (BSE Code 506285) Inverted Head and Shoulder Pattern. I am attaching these charts here. I need an advice from the seniors if the Pattern is Correct. If So what should be target for the Script and what should be time period for the target. If some one can explain me how the target is to be calculated I will be grateful.
Thanks
Rajeev

 

[Traderji]

Once the stock breaks the neckline (which is a line joining the two shoulders) the price target can be calculated by measuring the distance from the neckline to the bottom of the head. This distance is then added to the neckline to reach a price target.