praveen.bhatiya

Inverse Head & Shoulder Pattern PF

Long
praveen.bhatiya Updated   
NSE:INDIGO   INTERGLOBE AVIATIO
The stock has formed Inverse Head & Shoulder Pattern but its neckline is steep up sloping so seems little tricky to trade it. I would buy it at current level by providing a SL of recent low and look for a target of Median Line touch as Pitchfork seems to be OK. RSI is also above 50 confirming the decision.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active:
Buy @ 1190 with SL 1154.
Trade closed: stop reached

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