Hi,
A bullish Inverted H&S Shoulder breakout has been observered on Weekly Chart of NSE:ZODIACLOTH One can create a fresh position in the scrip at CMP of Rs. 110 or below with a stop loss of Rs 100 on weekly closing basis and for targets of Rs 120/130.
Exit the position if the stop loss is triggered on DCB.
DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T...
Zodiac cloth :-
Gave powerfull brekout of multiple inside bar, with highly strong volume.
Looks good for swing trade.
Trading at 137.
Keep sl 104
Target
152
177
201
226
Buy Zone, Target are already marked on the charts.
For knowing detail about the trade setup, please refer to my IndusInd bank Idea.
This chart is for educational purpose only and have no direct and indirect indication to trade on this script.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Zodiac Clothing successfully broke out an Inverse H&S pattern in the last trading session. Buy the stock above 113 with SL 107 with a target of 130 within one to 4 weeks
