India, May 13 -- This pattern suggests that selling pressure is strengthening while buying interest is gradually decreasing. A head-and-shoulders pattern consists of three troughs, with the middle one forming the highest point (head) and the two outer troughs forming higher highs (shoulders).

On Tuesday, Central Depository Service (India) Ltd broke below the neckline (support) in the 2-hour chart. Sustaining below Rs 1,226 could trigger further downside pressure, while a move above this level may weaken the ongoing bearish sentiment.

Targets are generally set near support levels or by projecting the distance from the head to the neckline downward from the breakdown point. Traders often trail profits while closely monitoring selling vol...