Get started
csanjib

H&S failure with trendline break

Long
POKARNA LTD (NSE:POKARNA)  
csanjib Updated   
NSE:POKARNA   POKARNA LTD
Chart Patterns Trend Analysis
0
0
chartpattern trendanalysis
#POKARNA CMP 241.3 H&S failure coupled with trendline breakout is extremely bullish for this stock. Keep a stop at 199 and go long
Comment:
#POKARNA CMP 194.25. After hitting SL at 199, it has now formed a nice Inverted Head & Shoulders base formation with neckline at 199, which coincides with previous Support Levels. Likely to breakout soon.
Trade closed: stop reached:
Inverted H&S pattern failure as unable to breakout above 199. Will drift down further.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.