Reverse head and shoulder pattern forming on Daily Chart of Kajaria cera. BUY 406, SL 350, Target - 470
* I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
BANKNIFTY is forming an inverse Head and Shoulder pattern on daily charts with great momentum and 82% roll over in May series. Lot of short covering seen in past session makes this counter attractive. The stock has currently taken support at its 50 Day EMA and bounced back at 25008.
One can go long here with Target of 25710/25920/26140, Keeping Stop Loss below...