USHAMART - INVERTED HEAD & SHOULDER

Sep 18

USHAMART is seemed to be making an Inverted H&S pattern. It may go down make 2nd shoulder and then reverse. Formation of a Hammer candle at 2nd shoulder will be a good confirmation.
It is also moving in an Ascending Channel from June 2023 at Weekly chart.
330 seems a good support, horizontal and lower trendline, it may reverse from this level.
420-427 seems a Resistance.

Finding right support and resistance levels are important, and price action makes it better to understand.

For learning and educational purposes only, not an advice!

Oct 15

Trade closed: target reached

USHAMART surpassed its Target of 424 and closed today at 440. It came down at 334 as per the analysis and then gone up.
If someone had followed it and bought it between 334-340 levels, then he would have easily made around 26-29% profit in less than a month. 29% is really good return.

Finding the right support and resistance levels are really important.

For learning and educational purposes only, not an advice!