Failed Head and shoulders
Updated
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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