shyam.sega
Long

Torrent power - Inverted H&S

NSE:TORNTPOWER   TORRENT POWER
NSE:TORNTPOWER             has formed inverse head and shoulders pattern in day chart.

One can go long above 237.50

T1 - 251

T2 - 260

SL - 224
Trade active
Trade closed: target reached: Both Targets reached.
Shyam, this is more accurate as a reversal pattern not as a continuation pattern, what do you think about that
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shyam.sega sagar05_86
@sagar05_86, Yes i totally agree thats why the targets given are for short time not long time.
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sahi padke ho sir
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Wow. I was looking at this chart since 2 days and i only found 'Cup & Handle' pattern. But this makes more sense.
Can you find 'Cup & Handle' pattern in this sir? This is only to check whether i'm looking at it correctly or not.
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shyam.sega chandupatlamaniraj
@chandupatlamaniraj, yes. If the left shoulder is not there its a cup & handle pattern only.
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i agree with this idea
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@kelwin17, hope the trade gets triggered in the coming week.
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