FLAG
BEL | Inverted Head & shoulder Breakout 🎯⭕ positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy Above =126 or CMP
--Target = 157 | 190
--Stop-loss = 105
--R:R = 3.16
--Expected Profit = 50 %
--Expected Holding = 3 months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Bel has formed inverted head & shoulder Pattern
2) breakout happened & can retest
3) volume is too good
4) target is also based on resistance zones
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Flag Pole structure in HDFCPost is for educational purpose only. Please consult your financial advisor before taking any trading decision. Always use a stop loss to minimize your risks.