Hi People
One of the most overhyped and a monopoly scrip just made a an Inverted Head and Shoulder pattern on 15 mins, which is an Bullish reversal pattern. The Stock broke the neck of the pattern and now resting on a crucial level of 1730 Rs.
Do understand that this is not a long term investment opportunity and just an short term trade as the stock is currently trading and an inflated PE ratio.
Breakout at 1730 level could fuel further movement in the stock and gives a swing trade/ intraday trade opportunity.
Disclaimer:- This analysis is just for educational purpose and doesn't guarantee profits. Do consult your financial adviser befor investing
One of the most overhyped and a monopoly scrip just made a an Inverted Head and Shoulder pattern on 15 mins, which is an Bullish reversal pattern. The Stock broke the neck of the pattern and now resting on a crucial level of 1730 Rs.
Do understand that this is not a long term investment opportunity and just an short term trade as the stock is currently trading and an inflated PE ratio.
Breakout at 1730 level could fuel further movement in the stock and gives a swing trade/ intraday trade opportunity.
Disclaimer:- This analysis is just for educational purpose and doesn't guarantee profits. Do consult your financial adviser befor investing
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.