Look at the selling pressure of Likhitha at 316 which is 161.8 Fib level. Inverted H&S pattern broke along with long term trendline but price pumped up next week after pattern broke. Once weekly close is above 316 with good volume, then we can expect Likhitha to move further.
Comment:
Daily close is good with volume
Comment:
2 Higher lows formed. Ascending triangle pattern. Closing above 330 with good volume is necessary. Always wait until weekly close to see.
Trade active:
Re-entered Likhitha. 1h chart shows good volume. Latest news QIP Investments.
