Emami-A pre breakout trade
Updated
Logic: Inverted head and shoulder formation in weekly chart
Weekly closing above 630 will be a confirmation of breakout
Levels mentioned on chart. FMCG sector has started to gain momentum.
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Weekly closing above 630 will be a confirmation of breakout
Levels mentioned on chart. FMCG sector has started to gain momentum.
If you like my analysis, do follow me for more such ideas.
And a happy new year to all my viewers. Hope you all have a prosperous & profitable year ahead!
Note
This first hit SL and then went from 800 post breakout of 630
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