csanjib

H&S failure with trendline break

Long
NSE:POKARNA   POKARNA LTD
#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.

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