Inverse Head and Shoulders
Coal India - Turning Around It has been observed on a weekly chart that the price action is forming a bullish "Inverse Head n Shoulder Pattern" indicating buyers coming back in the stock and shall turnaround stock to upside in coming weeks.
It is providing a good investment opportunity with holding time of 6m-1year.
T1- 250 SL 130
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BUY @CMP FOR A TARGET OF 1021.
HORIZON: 16W
#SUNTV Inverted Head and shoulders.In the weekly time frame, we see an Inverted head and shoulders pattern above which is a strong resistance zone. Breaking of this resistance will give us a very clear upward movement.
We have given you all the possible outcomes in case of a breakout.
Educational purpose only - kindly do your own research.
Good luck.
BHEL - Inverted Head & Shoulders + DivergenceAn Inverted Head and Shoulders pattern broke out and retested itself inside a bigger Inverted Head and Shoulders Pattern.
The same move is expected on the bigger pattern as well.
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