Breakout-Ideas

Inverse Head and Shoulder Breakout

Long
NSE:INDIAMART   INDIAMART INTERMESH LTD
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

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.