Bodal chemical has done breakout of Inverted Head & shoulder and completed retest also.
It is under right shoulder of bigger IH&S.
Wait for best entry and take position for 130 target with SL of 78
Target:- 150
Stop Loss:- 111
Duration:- 4 to 5 Weeks
The stock has already touch the support line and showing a bullish candle, which is an indication of upside move, so we can buy this at market order. This is basically parallel channel. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave.
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Bodal has broken a significant weekly trend line and expected to move higher with a stop loss at 77 Buy Bodal near 90 take profit level at 110.
Buy @90
SL @ 77
Target @110
