Price Action on this chart :- 1. Inverse Head and Shoulders breakout. 2. Trendline Breakout with volume. 3. Price taking support on neckline of H&S Pattern. Buy at CMP of 120 and wait for target of 130.(Gap Filling)
The stock has given an upside breakout after an inverse head and shoulders pattern and taking support from the neckline. CMP 106 Targets of 115.75 and 120 can be achieved in short term while keeping stop loss of 100 on daily closing basis. R:R (1:1.63/ 1:2.33)
The stock is trading near its strong support area and has given a breakout on 1 hour time frame. Best Buy at 960 with a stop loss of 930 (Daily Closing Basis) and target of atleast 1040 in short term. Risk/Reward (1:2.7)
P&G having strong support in the range of 134-135. Can be bought at current levels for a target of Rs.145 in short term. Analysis :- 1. Strong Uptrend 2. Trading Near Support 3. Price Action