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Inverse Head and Shoulders

INVERTED HEAD & SHOLDER PATTERN BUY 4465 TARGET 5341 Reason For Buying This Script : In weekly time frame it has formed HEAD & SHOLDER PATTERN Now price has to come down buy at dip around 4665 . Once if neck line break and close above the neck line in weekly or monthly time frame means further we can go for buy and the target is 6618 to 6742. In monthly time frame it has broken the box break out . Note: Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target. ALL THE BEST...
NSE:DRREDDYLong
by dayanithi555
AXIS BANK- SOON TO CROSS 1000 ?Axis bank has rallied more than 100 percent from its lows in 2020. However the chart structure suggests that the counter can witness significant up move from the current levels. In the weekly time frame one can see the formation of an Inverted Head and Shoulders. The shoulders are placed in the zone 770- 800 and once that level is taken out convincingly, the stock could test its life high placed near 830 and can move towards 1260/1340 levels. In case of any correction, the downside support in the current formation is placed near 660-600 levels. Overall the counter looks bullish and those with longer holding periods can benefit significantly from the current levels. . Important Information Key hurdle for the current formation - 800 Important Support levels for the current formation - 600-660 Targets if the formation is realized - 1260/1340 Analysts S.V and B.P We are not SEBI registered analysts and the information provided is solely meant for discussion and educative purposes
NSE:AXISBANKLong
by binuppaul
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