Reliance Capital - Double H&S

Something strange to what one normally expects from my posts.

• I saw this double Head and Shoulders formation in Reliance Capital. This is not a perfect formation as you would expect the time taken for the formation for a perfect on ranging for a few months and nearing the final formation of a bull market. Now, I do not see either of this happening in this stock. This is just a short term correction if it were to continue in the first place.
• The other signals in the stock is no different from the view of a small bearish sign. MACD is still heading in similar direction
• The stock is losing out on selling on the Accumulation Distribution chart.

Targets on this chart would be to wait till the stock waits Rs. 518 and then look at the direction of the stock. Given that the stock is a strong trading stock, a jump in the stock market's emotion on the stronger side can give a 'buy' at about 605-610.