Inverted Head & Shoulders in Amara Raja Batteries
Updated
Breakout from Inverted Head & Shoulders can be seen in Amara RAja Batteries.
There's even a pullback after the breakout, ehich makes it a perfect BUY position.
Upside potential is huge compared to the downside. It's a swing trade.
Target: 820 (Height of the head)
SL: 740 (Just below the baseline)
R:R = 1:5
There's even a pullback after the breakout, ehich makes it a perfect BUY position.
Upside potential is huge compared to the downside. It's a swing trade.
Target: 820 (Height of the head)
SL: 740 (Just below the baseline)
R:R = 1:5
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.