hi @CautiousChartist - any revised view on this one? holding it for long. Thanks!
CuriousChartist
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@mihir2021, Hi Mihir... The setup was a classic inverted head and shoulder. It never gave an opportunity to enter as it opened on Target 2 the next day. Even I fell to the ploy on 10 Dec 2021. However, on the weak signal of 21 Jan 2022, I exited this counter. My fault that I didn't update this space because I actually thought no one would have got an entry based on this chart. However, I will give you my current insight on this .
@mihir2021, It again is making an inverted Head and Shoulder pattern on the weekly chart in the rising channel. Look to take partial profits near 110-115. It might consolidate a bit around that area , or may retrace a bit before it breakout or it may just be a reversal from that zone.
mihir2021
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@CautiousChartist, Thank you for the revised chart.. yes it looks like may retrace a bit from resistance . Thanks again!
mihir2021
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@CautiousChartist - so we reached the target.. i think it has lot of steam left.. what do you think..