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GSFC: Inverse H&S continuation

Long
GUJARAT STATE FER (NSE:GSFC)  
TradingSutra Updated   
NSE:GSFC   GUJARAT STATE FER
Trend Analysis Chart Patterns Head and Shoulders GSFC fertilizer Technical Analysis Stocks stocktrading
20
3
trendanalysis chartpattern headandshoulders gsfc fertilizer technicalanalysis stocks stocktrading
A breakout of inverse Head & shoulder formation with neckline of 119 has been spotted. The pattern suggests a continuation of the previous HH & HL trend. One can buy the stock on cmp & add on dips with maintaining the SL of 116 and look for the target of 138 (measured tgt ).
Trade closed: stop reached
Manish Bhardwaj (CMT L-1)
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