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...
GOOD evening friends welcome and today we are expressing our opinion on AFFLE INDIA LTD.LEVEL TO WATCH IS 1345
for detailed analysis see the video.
Regards.
Go long near the level of 2300 , of buy on dips keeping the stop loss of 2220 as wave-4 cannot enter into the territory of wave-1. The target should be 2350/2390/2450/2480's .
After the formation of bullish triangular structure with wave - e , as a final setback , stock has successfully crossed the level of wave-d . One should go long at current levels keeping the Stop loss below the level of wave-d (120$) or the lows of wave-e (112$)
The target level should be the recent highs that is 138$ and post that level the triangular thrust...
TRADING STRATEGY:
Go long in the zone of 886-880 keeping stop loss of 862 , for the target of 908-910 / 930/945
For aggressive players:
Go short in the zone of 845-867 zone keeping stop loss of 870 for the target of 862/822/750
