SIS LTDLong
Inverted H&S and a possible range breakout
given breakout of inverted head & shoulder and did pullback now need to sustain breakout.
for swing and positional can buy above 460 if 15 minute candle closes . safe player can buy above 478 (next swing high).
stoploss - below 430 for swing and 400 for positional.
target - measured target is 560 but trendline can also works as resistance further targets are - 625, 675
for swing always book partially after good move and trail.
For Intraday
buy above 478 which is bull level.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
for swing and positional can buy above 460 if 15 minute candle closes . safe player can buy above 478 (next swing high).
stoploss - below 430 for swing and 400 for positional.
target - measured target is 560 but trendline can also works as resistance further targets are - 625, 675
for swing always book partially after good move and trail.
For Intraday
buy above 478 which is bull level.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
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