1. Formed both "Cup and Handle" & "Inverted Head and Shoulder"
2. Re-test Done successfully
3. Breakout happened at major resistance
4. Raising Volumes during breakouts
5. RSI is also at good level
Buy at Current Market Price (around 7425)
Target 1 at 8340
Stoploss at 6800
** Target and Stoploss may vary, depend on one's Risk-Reward Ratio
** This one is...
NSE:TATAMOTORS
Looks like a great opportunity to go long for TATAMOTORS.
TATAMOTORS formed Inverted Head and shoulder pattern and It broke the previous resistance zone (309-311)
Now look for the retest and make an entry (also consider the volume spike at the point of retest)
If so, make entry ONLY ABOVE 315 - 316 range and Go Long
target 1 : 325
target...
NSE:NIFTY
1. Nifty has formed Inverse Head and Shoulder pattern
2. Also it Breaks the previous resistance zone (14871 - 14884)
3. Wait for the retest and it will bounce back to 15000 levels
TIMEFRAME : 15 Minutes