Head and shoulder breakout in heritage foods. Target on basis of REsistance . SL is on weekly closing basis. Volume increasing on green candle. In daily TF the volumes are very dry during retest. Wait to form a bullish candle or hammer or doji type candle near the breakout to confirm the retest.
Time for the trade will be 3-6 months with 6 month as time stoploss.
Time for the trade will be 3-6 months with 6 month as time stoploss.
Comment:
Entry will be around 460-465 after forming a good bullish or rejection candle.