ANOTHER INVERSE HEAD AND SHOULDER, POSSIBLE BREAKOUT OVER CMP!!!Stock has struggled to give closing on these levels but has finally given in today's session. this is another play to capitalize on PSUs rerating theme. Stock can show some good aggressive bullish move from here so a long position can be taken keeping the levels mentioned on charts in mind.
Bigmoves
Analysis of IDEA big Targets for intraday and swinger.For educational purpose only.
Reasons for bullish movement of idea:
1.Had crossed a major support, shown above.
2.Inverted head and shoulder breakout.
3.Flag and pole breakout.
4.50 and 200 EMA breakout.
5.Other markets also seems bullish.
Take entry after closing of green candle above 50 EMA in 30 minutes and 1h time frame. And see other markets also. If you are a very safe trader take entry after price crosses 11.85 Rs. Take Targets according to you ot use pivot targets.
Please comment your opinion or any suggestion.
Thanks!
ANOTHER INVERSE HEAD AND SHOULDER, BIG BREAKOUT WEEKLY CHARTS!!!Stock hit the upper circuit today which was above the previous high which confirms it's breakout. Position can be made for some good amount of money with the stop-loss and targets mentioned on charts.