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Inverse Head and Shoulders

BOB Positional Long, target 160+ Position Long above 110 • Stock has made new yearly high • Stock is in formation of Inverse Head and Shoulder pattern on weekly chart and has breached above 110 If stock manages to close above 110 on weekly basis, one can initiate long strictly above 110 levels for the target of 160+ levels with stop of 87 on closing basis. ************* Disclaimer : -Please conduct your thorough research/analysis before doing the trade -Idea shared is only for educational purpose -Please trade on your own risk ************
NSE:BANKBARODALong
by viralkadecha
#marutisuzuki bank potential weekly inverted H&S breakout#marutisuzuki bank potential weekly inverted H&S breakout This auto sector major potentially is breaking out of a inverted head and shoulder patter on weekly charts The sector is one among strongest in the market as of now. The momentum also is bullish on all timeframes alone with and ADX trend indication of rising strength. The current multi year resistance from where price has broken out of had given stiff block on price several times And therefore probability is more of sustaining it with a green close above it. 9988 would be next resistance zone and if the pattern works out well targets could be lot more than that. Given the volatile market conditions keep tight stop loss below the neck line for swing or positional trades.
NSE:MARUTILong
by seekedgetrade