A textbook Reverse Head & Shoulder pattern has been made by the price candles on Daily time Frame. Neck line of H&S is about to be broken. Once it does so and there is no sign of reversing by making Double Top formation then Buy call is in Order.
Klinger Volume Indicator is above zero level and is facing upward almost vertically, indicating a sharp bull run. RSI indicator also close to 70 line, indicating that bulls are in control.
Trade Values
BUY : 43.50
SL: 32.36 (Just below previous HL)
TP: 51.70
TP2: 58.57
Klinger Volume Indicator is above zero level and is facing upward almost vertically, indicating a sharp bull run. RSI indicator also close to 70 line, indicating that bulls are in control.
Trade Values
BUY : 43.50
SL: 32.36 (Just below previous HL)
TP: 51.70
TP2: 58.57
Trade active
Update: Stop Loss can be placed at 37.50 as it will then be a well defined Low. Trade closed: target reached
TP-2 has been reached. RSI is showing values near 80 so likely dip in price is expected. Now after booking some profit, I'm once again going to buy at around 152~156 price zone for another ride of Rs 20 or more. This is in the bull run, no sign of Reversal yet.Note
I'll give my another analysis on HTL later this week. So do press Follow button to get notified in timely fashion. Note
Correction: read 53~56 instead of 152~156 
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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.