Nicely formed Inverse Head & Shoulder pattern is ready to give breakout. Posting in advance as market seems to have gap up opening and mates can take advantage of it. Those who are following my Action/Reaction learning series can also notice marked AR Set which catches the reversal perfectly.
on daily char mm fin has made out side bar and also this setup is made under big candle
.
this entire setup is below 68% fib level.
buy this stock @253 with sl of 246 closing basis target of 271 then 290
M&M fin has formed buyer reversal on weekly chart bull has taken control at 61% retracement ment level.
go for long target 314 on next week. 38% level on fib retracement
wish you happy trading enjoy this trade
There are two levels shown in Blue which are 382 & 406 still pending on weekly time frame,
on daily and hourly time frame 382 again still pending,
15 minute is in correction which is very good opportunity to enter long here and target 380.
Stop Loss
295 is strong support which not going to break before hitting 380 level
But on 15 min 317 would be good Stop...
