TATVA -- BULLISH VIEW (EDUCATIONAL PURPOSE)
Inverted head and shoulder pattern formed after long downtrend of around 4 years
This indicates probable reversal
Increase in volumes is also seen along with the Inv head and shoulder pattern formation which adds more strength to the pattern
Long position can be initiated at around 1080-1085 levels (on slight correction) CMP 1146
Stop loss : below 886 on weekly closing basis (-20%)
Target 1 : 2820 (160%) {Time horizon : 40-48 months (till July 2029)}
Target 2 :3935 (363%) {Time horizon : 60-72 months (till July 2031)}
RR ratio :
For 1st target : 1:8
For 2nd target: 1:18
PURELY INVESTMENT VIEW-- NOT FOR SHORT TERM TRADING
Inverted head and shoulder pattern formed after long downtrend of around 4 years
This indicates probable reversal
Increase in volumes is also seen along with the Inv head and shoulder pattern formation which adds more strength to the pattern
Long position can be initiated at around 1080-1085 levels (on slight correction) CMP 1146
Stop loss : below 886 on weekly closing basis (-20%)
Target 1 : 2820 (160%) {Time horizon : 40-48 months (till July 2029)}
Target 2 :3935 (363%) {Time horizon : 60-72 months (till July 2031)}
RR ratio :
For 1st target : 1:8
For 2nd target: 1:18
PURELY INVESTMENT VIEW-- NOT FOR SHORT TERM TRADING
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。