ICICIGI | High probable INHS setup - Looks good for 20-40%
ICICIGI | High probable INHS setup - Looks good for 20-40%
CMP : 2006 (Dip : 1930)
SL : 1800
The stock has confirmed a classic inverted Head & Shoulders pattern on the daily chart, signaling a strong trend reversal.
✅ Breakout above neckline with decent volume, adding conviction to the move.
🎯 Immediate Target: 2300
🎯 Second Target (as per Fibonacci extension): 2700
📉 Pattern: Inverted H&S
📈 Volume: Supporting the breakout
📊 Bias: Bullish
This could be an excellent area of value for swing traders looking to ride the trend. A retest of the neckline could offer a second entry opportunity with a good risk-reward ratio.
CMP : 2006 (Dip : 1930)
SL : 1800
The stock has confirmed a classic inverted Head & Shoulders pattern on the daily chart, signaling a strong trend reversal.
✅ Breakout above neckline with decent volume, adding conviction to the move.
🎯 Immediate Target: 2300
🎯 Second Target (as per Fibonacci extension): 2700
📉 Pattern: Inverted H&S
📈 Volume: Supporting the breakout
📊 Bias: Bullish
This could be an excellent area of value for swing traders looking to ride the trend. A retest of the neckline could offer a second entry opportunity with a good risk-reward ratio.
Trade active
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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.