Forming a inverse head and shoulder pattern. Risk to reward can be 1:2 or maybe more. Wait for the breakout above neckline. PS : Trade at your risk.
Looking for a breakout in coming sessions. If wrong, do let me know so that I can learn. Thanks. Risk to reward should be 1:2 easy.
Disclaimer : This is just my view as I am learning how price action works only by watching this particular stock. NALCO has formed a Inside Bar Pattern on Daily Chart. This might indicate a big move above 91 or below 87.8 Since aluminum index is stable and is more in demand, I feel it’s a long from this support line of 89-90. Might expect a big move if the...