Nice Bullish Set up
Either buy on breakout or when it retests the breakout region
Dont Mix them both
Buy Above 122 Closing basis
Positional Target ~170/180 levels
Stop Loss 85 levels
After the breakout of Inverse head and shoulder pattern in BHARTIARTL it was consolidated in range. In today's session, it did breakout of this consolidation zone. It will continue its bullish rally towards the 597 for the short term. It will face next immediate resistance at 560.
Possible Trade:
Buy BHARTIARTL above 515
Stop-loss 496
Target 560 597+
Inverse Head & Shoulders pattern forming on Weekly Chart of LIBERTY SHOES. BUY 160, SL 132.9, Target(s) - 180, 190, 200.
Cup & Handle pattern forming on Weekly Chart of LIBERTY SHOES. BUY 182, SL 132.9, Target(s) - 220, 230, 240. Cup Depth = 112. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Inverse Head & Shoulders pattern forming on Daily Chart of HDFCAMC. BUY 2530, SL 2399.9, Target(s) - 2620, 2650, 2670. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Very good formation of inverse head and shoulders formed in rain industries. Once it sustains above 130 it can reach higher levels very soon.
Target: 165-200 can be seen in coming weeks
Since the pattern formation of Inverse H&S took 632 days for formation, the target willl be achived by an year or so, so if anyone doesnt intend to wait too long,then the best option is to wait for tgt of the ascending triangle and book profits and then move to next idea.
Stick to proper position sizing & risk management, and once the trade is profitable trail...
International Gold , XAU USD has formed an inverted head and shoulder pattern on the hourly charts.
Break out awaited.
Upon break out Gold can touch 1850 - 1870.
Trade as per price action.
