inverse head and shoulder pattern, neckline breakout on a close above 235 for tgt 265
targets are according to fibb levels !! go bullish on the mentioned leves keep strict stoploss
what a beautiful inverse head & shoulders......kiri nindustries
Very High Probability Trade because of 4-factor confluence:- 1. RSI Divergence on 1-hr Time Frame 2. Inverse Head and Shoulder on the 1-hr time frame 3. Price is near weekly support level 4. Weekly candles are being formed with long wicks, rejecting a level of 147 (Which is the stop-loss point) When Trade will be confirmed? 1. Let it break the downtrend...
Inverse Head & shoulders Breakout already given on 1hr TF Can be retested tomorrow Buy at 735/740 Stop Loss 710 Swing Target 800
Inverse Head & shoulders Bullish Bias Breakout and retesting done Can be bought till 500 levels Stop loss 495 Target of 525
Mangalam Organics made Inverse hammer pattern in down trend which is a reversal pattern.... we can long for investment with previous candle low as a SL.
India cement Bounced nicely today from 89 area. Which was the bottom of left shoulder too. A Retest to 89 area is possible and stock may form right shoulder in this week. Short term target is 99 which happens to be the neck line and if The Setup play out, Target is 115+. Watch out for the Inverse Head & shoulder pattern which indicates the bottom for India Cement.
Beautiful Inverse head and shoulder pattern gave neckline breakout and now testing it from above. It offers a good entry at this level for intraday trade