Diwali Special:Punjab Chem-Inverse Head & Shoulders- Buy Setup
As seen Punjab Chem has formed an inverse head and shoulder pattern on the daily charts .
Aggressive traders can enter (closing basis) on the breakout of the neckline with volumes.
Conservative traders can enter when price retests the breakout level.
Expected Levels: 280, 300, 340
Exit Levels : 165
Aggressive traders can enter (closing basis) on the breakout of the neckline with volumes.
Conservative traders can enter when price retests the breakout level.
Expected Levels: 280, 300, 340
Exit Levels : 165
Trade active:
Entry levels Aggressive traders 228.15
Comment:
traders can book part profits, considering volatile markets due to upcoming presidential elections in US. 15%-18% profits.