After the head and shoulder breakout(B) the stock made a little fall and it hits it supply zone!! I have mentioned the targets for busted head and shoulder patterns if the pattern continues the targets are 424
NIITTECH took correction of exact ratio 0.618 for the rise between 1342 to 1589.And also it hits the resistance,so it rose almost 3.5%.
todays candle form a bullish belt hold so its a great sign for complete of correction.
targets for traders are 1532
targets for long investors are 1621 and 1676
Tataelexi forms cup with handle structure with exact pattern rules!! the entry point should be A and the targets for this are 940. There 62% chances for this structure to meet the target.
NOTE: the bottom of cup forms Broadening right angled and ascending structure too.