Stock has given a fresh inverse head and shoulders pattern breakout over the levels of 250 on weekly charts with the highest volume since 2017. Counter looks pretty comfortable to approach the targets mentioned on charts in a little time, keep a stop-loss of the mentioned level on weekly closing basis.
Nifty - Technical Analysis:
-Nifty ended flat today, after opening above 11550 it made lower highs forming a triangle pattern
-Closed at 11535, breakout to be seen from the triangle on Friday
-The markets traded with lacklustre volumes with no definite direction. If we need to see higher levels, we need to cross the resistance of 11600
Market - Driving Factors:...
Remember about a week ago, I drew those lines.
Like I always say be prepared for both scenarios. There are only two scenarios Up or Down. Find a management system that allows you to profit from both scenarios.
I bought at the dip and sold 25% at the current prices. I think It will retrace to 170$, I could be wrong but I am okay because my system allows me to...