The_RedTicker

PSUBNKBEES, Another chart worth risking. By #The_RedTicker

Long
NSE:PSUBNKBEES   NIPPON INDIA MF
I must admit, its been a while since I have stumbled upon a chart so simple yet so valuable.

Simple falling channel, with one of the bottoming out patterns, (book-ish) Inverted Head & Shoulder.

Volume Indicates, I am late to spot this...but not too late as the pattern is just on verge of completion.
Should be a slightly MID-LONG term 'investment' kind of Long trade....but the current risks to prospective rewards look just too good.

May the odds be in our favor!!