Inverted Head and Shoulder / Breakout
Updated
Canara Bank has formed Inverse Head and Shoulder Pattern on the daily time frame.
Broken resistance on high volume candle
Now the resistance will act as support if the stock retest its resistance look for an opportunity to buy at 156-155
Buying at retest will enhance the Risk-Reward ratio
Target 184
SL 153 (50%)
SL 147 (50%)
Broken resistance on high volume candle
Now the resistance will act as support if the stock retest its resistance look for an opportunity to buy at 156-155
Buying at retest will enhance the Risk-Reward ratio
Target 184
SL 153 (50%)
SL 147 (50%)
Trade closed: stop reached
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