Reverse Head & Shoulders---Hourly and Daily chart bothReverse head and shoulders observed bullish expectations
PS: Constructive criticism and opinions are appreciated.
Thank you!
Reverseheadandshoulders
reverse head and shoulder breakout?expecting some good move in cement sector as overall most of cement companies are showing good momentum
BANKNIFTY - LongBANKNIFTY 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 24860. Risk Reward: 1.45.
