RELIANCE | Inv. Head & Shoulder Long

RELIANCE INDSNSE

Description

⋅ Nov 20, 2017 8:26 AM

Go long if inverted H&S holds true. Target comes @ 960. However, there's a resistance @ 955 and so once the stock reaches 955, it's better to either use trailing stop around 955 and hold till 960 or liquidate longs.

Comment

⋅ Nov 21, 2017 4:04 AM

Hourly close above 930 would be a huge boost.

Comment

⋅ Nov 21, 2017 5:24 AM

Break looks solid. 955/960 in sight.

Trend Analysis Chart Patterns

Comments

R-Begusarai

⋅ Nov 20, 2017 11:52 AM

hourly chart?

StockRAI

⋅ Nov 20, 2017 12:03 PM

@Religare-Begusarai, Yes

avinashvn

⋅ Nov 20, 2017 8:42 AM

any time frame sir

StockRAI

⋅ Nov 20, 2017 9:11 AM

@avinashvn, I cannot predict exact timing. Most probably before current expiry.

surya89trade

⋅ Nov 20, 2017 8:30 AM

Nice Analysis :)