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May 7, 2020 5:00 AM

J.B. Chemicals & Pharma | IH&S Pattern Spotted. 

J.B.CHEMICALS & PHNSE

Description

- JBCHEPHARM formed an IH&S pattern in continuation Bullish Run.
- Usually this pattern occurs when market bleeds and shows the reversal signs.
- This pattern can formed in continuation rally, which shows the momentum is good with the stock.
- I'm adding some buy bid here and laddering them till the neck line.
- Keeping stop loss below the formed shoulder and target = height of head.

Good R:R Here.
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