1. Looking over Line Chart to find out the patterns.
2. Inverse H&S Pattern Spotted.
3. Break of neckline and it will go 20-30%.
4. Trade the plan long on breakout... Stop Loss Below the Neck Line.
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AS I HAVE MENTIONED WITH CALL OUT THERE IS A GAP AND IT HAS TO BE FILLED TARGET FOR INVESTORS IS MARKED WITH ARROW BUT HOW LONG WILL IT TAKE TO FILL THE GAP NOBODY KNOWS GOOD ENTRY POINT IS 40 RUPEES APPROX BUT REMEMBER IF BAD NEWS COMES NOTHING WILL WORK
NOTE: TRADE AT YOUR OWN RISK PROFIT IS YOURS LOSS IS ALSO YOURS
AS WE CAN SEE IT HAS BROKEN MIDDLE TREND LINE, CANDLE SIZE IS ALSO GOOD IN RED COLOR CURRENT MOVING AVERAGE MAY WORK AS SUPPORT LET IT BREAK ON CLOSING BASIS TARGET FOR SHORTS ARE 53.10 THEN 57.9 THEN FINAL TARGET IS GIVEN WITH ARROW WHICH IS LAST TREND LINE
STOP LOSS WILL BE 71.25 GOOD LUCK
NOTE: TRADE AT YOU OWN RISK
Yes Bank is near to its resistance level....if it breaks with high volume then a great upward movement may possible...and also if it breaks its support level with high volume then downward movement may possible...
CAUTION:- Educational purpose only...
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