Failed Head and shoulders
Rain Industries is moving on an uptrend along a trendline. It has respected the trendline & has bounced right from it.
And in doing so it has has failed in the formation of a complete head and shoulders, which is a bullish sign.
So tomorrow if it breaks > 511, go long. Average on pullbacks.
Target: 125
SL : Trendline
And in doing so it has has failed in the formation of a complete head and shoulders, which is a bullish sign.
So tomorrow if it breaks > 511, go long. Average on pullbacks.
Target: 125
SL : Trendline
Trade active
Looks like our target is going to hit soon.Trade closed: target reached
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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.
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.