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Inverse Head and Shoulders

#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
#DEEPAKNITRITE Inverse H&S breakout post correctionThis stocks seem breaking out form an Inverse Head and Shoulder patter post and good correction. The current momentum and trend is bullish in short term as well as medium term with decent volumes. This is positional trade that can move back to previous ATH with interim resistances as indicated at FIB extension levels Fundamentally also the stock had given good ROE and decent profit growth while being an almost debt free company.
NSE:DEEPAKNTRLong
by seekedgetrade