Inverse head and shoulder pattern wait for breakout above 475 levels. We can see at least 200 points upside after BO.
Vijaya Diagnostic is forming inverse head and shoulder on daily time frame. Keep on radar for BO above 470.
Disclaimer: I am not a financial advisor, all information shared are ideas shared, take your entries based on your own analysis or taking advise from your registered financial advisor. We are not responsible for your profit or loss if you take up idea from this chart. Buying Range: Above 413 Stop Loss: 396 First Target: 455 (50% profit book) Second Target: 466...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets...
Rs. 475 act as important resistant for vijaya diagnostic Somebody seriously selling at 475 wait for breakout
Vijaya : Approaching a very strong Resistance Sustaining 480 is crucial for strong upmove, else might fall
Vijaya : Approaching a very strong Resistance Sustaining 480 is crucial for strong upmove, else might fall
its just normal technical analysis with some logical thinking