EQSIS PRO

UNIPLY-INVERTED HEAD AND SHOULDER -BULLISH

Inverted Head and Shoulder IDENTIFIED WITH FOLLOWING CHARECTERISTICS

Significant Rally at Left shoulder, HEAD is lowest among recent lows. Volume at Left Shoulder and Head high. Right shoulder volume has come down. Duration is about 3 months. Long position created when price crossed Neckline. This is representing Accumulation. 

Long created with Entry price at Rs.296

Stoploss at the tip of right shoulder at Rs. 256

Target fixed at Rs.336

Expected to reach target within 2 months

please refer the chart attached

 

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