I have been following this stock for quite some time and found this perfect opportunity where the Swing RR is more than 1.7 ! Manage your risk more than managing your profits.
Comment and Like if you like the setup & have a suggestion for the next company which you want me to analyse.
Retail Investor (Abhishek)
trade based on >>>
cup & handle neckline break
buy near 1290-94
for targets - 1305, 1314, 1325
deeper stop 1262
note :- since risk:reward not that favorable - so trade with caution
below attached previous infy chart for reference
disclaimer - for study purpose
TechM Head and shoulder pattern spotted on 2 hour chart.
Short at cmp 984 or below
Neckline is 988
First Target 943
Second Target 900 (Ideally should be achieved within 6 days)
Good breakout for Head and shoulder with RSI below 40 now and recent MACD sell signal ,best time to short!!!
Stock has given clear inverse head and shoulders pattern breakout over the levels of 400 on the weekly charts and has confirmed it with the following bullish candles. Stock can definitely be accumulated for a good long position on the lower levels with the stop-loss of 400 for the targets of 600.