datepuru

Inverse Head & Shoulder pattern

Long
datepuru Updated   
NSE:LT   LARSEN & TOUBRO
Stock has from an inverse (bullish) Head & Shoulder pattern. Breakout is achieved. Currently, price movement is in confirmation stage. Potential up side is around 80 points.
Comment:
Bullish H & S breakout is confirmed. A word of caution here. Volume has not yet picked up to profusely support the breakout. Thus, one may not witness typical textbook breakout of 90 pts as this is the height from head to shoulder

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