Inverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large...
On Friday, the stock closed at 227.4, which is near the all time high price and multi year breakout level of 228.8
Buy zone between 214 - 228, is also a good consolidation zone.
Can see good momentum in the stock price upward of 228.
Initial price targets of 250 and 275 in the short/medium term.
However, one must manage their position based on their risk...
