Firestorm_11_

MAYURUNIQ | Inverted Head and Shoulder Pattern

Long
NSE:MAYURUNIQ   MAYUR UNIQUOTERS L
MAYURUNIQ has formed an inverted Head and shoulder pattern on the daily TF. Upon breakout, it is likely to test 440-450 levels. As long as NIFTY holds up, this target should be achieved in the coming weeks.

Was interested in this stock for one other reason: Buyback. The company has a buyback program open till 11NOV21, at Rs .400 a share. As of 06JAN21, the stock is trading at ~313.
Trade active: I have made a very small position in this on 06JAN21. Will add more quantity if NIFTY supports/holdsup.
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