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