I had posted a long term buy opportunity in L&T. Long term because the head an shoulder pattern had formed in Weekly time frame. See how beautifully the stock has touched the target and still running string. Next target is double the first target. I will keep the stock with trailing SL below the 10 monthly moving average.
I had posted about a Head & Shoulder pattern breakout on Nifty 50 Index. I followed it up with a couple of posts showing how the pattern is working out. Today, I am happy to post that the target of this breakout is achieved.
PS: News flow only matters for Intraday players. For positional bets, patience is the key. Learn a pattern, follow it and start preaching...
We had put out this Trade Idea pre-market and the Levels were achieved quite quickly during the begining of the day. Even though the markets were extremely choppy and volatile, we just need one good trade a day to make sure we leave the markets in the Green.
Hope you'll had a good day.
Bank Nifty 30 Mins chart Analysis. The Price target for this Double top was the height of the Top. Short trade was taken after the break of neckline and targets for the same are nearly done.
* It is my Analysis and not a recommendation of Buy or sell.
This idea is a follow-up to Wonderla
You can check the Link to Related Ideas ( Detailed analysis done in 4th Aug Video )
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.
This idea is a follow-up to JUBLFOOD
You can check the Link to Related Ideas ( Symmetrical Triangle Bo explained with 2 Targets in which 1 is achieved )
Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor.