Hi, Inverse Head and Shoulder pattern is formed on JK Cement in 15 Minute Time frame. Neckline broke with Heavy Volume . We can go long above 1950 for target 2200 and stop loss below 1850. This is for study purpose.
* Pullback completed in Nifty Energy Index.
*Inverted H & S pattern Breakout.
*Track this stocks from CNX ENERGY INDEX
Bharat Petroleum Corporation Ltd.
GAIL (India) Ltd.
Hindustan Petroleum Corporation Ltd.
Indian Oil Corporation Ltd.
Oil & Natural Gas Corporation Ltd.
Power Grid Corporation of India Ltd.
Reliance Industries Ltd.
Tata Power Co....
Inverse Head & Shoulders pattern forming on Daily Chart of MGL. BUY 1100, SL 979.9, Target (s) - 1150, 1170, 1195, 1215, 1230. Head-Neckline = 320.5. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
GODREJCP | Strong and value stock - Getting ready for 30%
CMP : 736 (We are tracking from 670 zone - ref chart is attached below)
SL : 680
Target : 970
1:7 risk reward setup - Cane take several weeks to reach target as it is weekly candle analysis.