KIND OF INVERTED HEAD AND SHOULDER PATTERN FORMATION!!!!
CAN MAKE A GOOD call if gives a breakout above the neckline !!
NOT A CONFIRMATORY CALL AND IF BREAKS BELOW THE NECKLINE can honour the 44 EMA AND MOVE BACK DEPENDS ON VOLUME !!
DO CHECK THE BREAKOUT CANDLE VOLUME!!!
CAN MAKE HIGH 10 RS HIGH PER SHARE!!
STOP LOSS stop on neckline if breaks above and breaks down take 44 ema as stop loss and wait for retest!!
(only for study purpose do not take it as any buy or sell call)
CAN MAKE A GOOD call if gives a breakout above the neckline !!
NOT A CONFIRMATORY CALL AND IF BREAKS BELOW THE NECKLINE can honour the 44 EMA AND MOVE BACK DEPENDS ON VOLUME !!
DO CHECK THE BREAKOUT CANDLE VOLUME!!!
CAN MAKE HIGH 10 RS HIGH PER SHARE!!
STOP LOSS stop on neckline if breaks above and breaks down take 44 ema as stop loss and wait for retest!!
(only for study purpose do not take it as any buy or sell call)
Trade ativo:
OPENED BELOW THE NECKLINE NO BREAKOUT TILL NOW TAKING A VERY GOOD SUPPORT FROM 44 EMA LINE CAN RETRACE BACK LET SEE!!