AK1808

Inverted H&S

Long
NSE:TBZ   TRIBHOVANDAS BHIMJ
Stock has formed inverted H&S pattern on weekly chart. Also closed above 85 levels on weekly CB , after Jan 2021 (almost 10 months). Now any closing above the neck trend-line on weekly CB (around 88-90), would further take the stock towards 115 and 150 levels gradually. Longs can be initiated at CMP or after the close above trend-line on weekly CB , with SL as per risk appetite.

Kindly do your analysis before initiating trades.
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