Tinplate India: Inverted H&S Pattern on Weekly Chart

Tinplate has formed an inverted H&S pattern on the weekly chart and broke the neckline with volume and now taken the support at neckline.

One can consider this stock for a healthy risk to reward ratio for the mid to long term. The company has posted brilliant results in Sep 20 and Dec 20 quarters.

All levels are mentioned on the chart.

DISC: Only for educational purposes. Please consult your financial advisor before making any bet.

Trade active

Comment:

Near to target 1 now I will book 50% here and trail SL to 180.

Comment:

Target 2 reached

Trade closed: target reached:

All targets reached.