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Inverse Head and Shoulder Breakout
INDIAMART INTERMESH LTD
Long
Inverse Head and Shoulder Breakout
By Breakout-Ideas
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Sep 4, 2022
1
Sep 4, 2022
Today I picked INDIAMART because, it broken trendline resistance on closing basis. The following factors are considered by me for picking this.
1. Huge Volumes at breakout.
2. Inverse head and Shoulder Pattern.
3. Continous Increasing of Volumes.
For BTST trades Keep profit as 2% - 3%
Keep SL and Target profits mentioned on the chart for short term swing trades.
Please consider these for educational purposes
Chart Patterns
Trend Analysis
Breakout-Ideas
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