Inverse Head and Shoulders
Godrej Industries Inverse Head And shoulders breakoutGodrej Industries Inverse Head and shoulders breakout now in correction phase which will take lot of time to consolidate.
Long in the zones of 390-70 SL 340 Target 600+ which is head height ~186 points.
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Breakdown from one channel and take support to form Flag and H&Ssee the Chart .... T1 -880 , T2- 1010 with SL 774
COLPAL - Cup & Handle, Inverse H&S - 1H TFCup & Handle pattern forming on Hourly Chart of COLPAL. BUY 1405, SL 1339, Target - 1500. Breakout above 1400 with VOLUME, falling back below 1380-1375 key levels will be construed as a false breakout in this case, So keep an eye on Volume candles too alongside with Price action.
Inverse Head & Shoulders pattern formation in the process on Hourly Chart of COLPAL. BUY 1405 breakout with VOLUME. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
DRREDDYS LAB - Inverse Head & Shoulders - 2H TFInverse Head & Shoulders pattern forming on 2 Hours Chart of DR REDDY'S LABORATIES. BUY 4100, SL 3848, Target - 4400. Distance from neckline to the bottom of the head = 476. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Long: Best SetupThe Call is based on Inverse head and shoulder, Trendline Breakout and Supply Zone breakout and retest. It is also Trading in parallel channel.
Best Setup
Entry between 445-460
Target 480/510
Stop Loss 437
Disclaimer: The recommendations are based on technical analysis and subject to market conditions. Please trade at your own risks. The author is not responsible for any loss.