Long
Let's do Chai Pe Charcha
Updated
Buy above 238 with stop loss of 228 for target 260 & 268
Tata Global Beverage has reversed the downtrend with inverse H&S pattern on all time frames. Volume was very high on breakout. RSI is in comfortable zone. After breakout from H&S, now it has formed bullish Flag which is a continuation pattern. Breakout of flag will be above 236 but for margin of saftery, we'll buy above 238. H&S's target of 260 is still pending.
Tata Global Beverage has reversed the downtrend with inverse H&S pattern on all time frames. Volume was very high on breakout. RSI is in comfortable zone. After breakout from H&S, now it has formed bullish Flag which is a continuation pattern. Breakout of flag will be above 236 but for margin of saftery, we'll buy above 238. H&S's target of 260 is still pending.
Trade closed: target reached
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