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AK1808
Oct 9, 2021 1:01 PM

Inverted H&S Long

TRIBHOVANDAS BHIMJNSE

Description

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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