Pattern within a pattern

nimbuz90 Updated   
An inverted HS pattern has been formed inside a falling wedge. The stock has been consolidating inside a falling wedge pattern for the past month and finally has given a breakout. Now that the breakout is tested, We can go long above its swing high for a small scalp. It is also interesting to observe a Inverted HS pattern formed at this support juncture.

Hence we can go long above 515 for a target of 535.

Entry - Above 515
SL - 500
T1 - 523
T2 - 530
T3 - 535

For study purpose

Trade active
The stock is facing a lot of resistance. Hence closed my position @ entry level as of now. Will enter once again if it crosses above 517.
This is one choppy trade. After testing a lot of patience it reached target 1.
Trade closed: target reached:
Finally they hit all the targets on 3rd may.

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.