Is this an inverted head and shoulders or a cup and handle pattern or both? Please share your answer in the comment with appropriate reason and how you are going to trade this.
Lets make the best use of the weekend to gain knowledge. The more you sweat in training, the less you bleed in battle.
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Depending on the number of participants and their interest I will decide whether or not to continue with educational posts like this.
Looks Inverted HnS pattern...will go above 81 for target 90 and SL 74..
Note: am not expert analyst.
sanjay123
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it's inverted head and shoulder ,and pull back after crossing resistance ,it will jump from here target 89
naveendigi
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I feel it is cup and handle pattern. I would go long if it crosses 82
rajesh066060
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hey Rasika oh what an interesting way keep ourselves occupied during the weekend..
I'm no expert but it looks like a Cup and handle to me and I place my bets on Long (wish I'm not wrong) pls do not hesitate to correct me if I'm wrong..
Love2Trade4Ever
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Retesting the neckline of the Inverse HnS... Can see the up move in the stock with the neckline as stop-loss...
papuskc
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Don't know if it is an inverted head & shoulder or cup and handle but the Breakout is visible and it should be bought with a stoploss below the trendline.
Note: am not expert analyst.