Reverse head and shoulder pattern on MANYAVAR
MANYAVAR formed a reverse head and shoulder pattern on daily chart. For quite some time this particular stock has been going down but now shows signs of reversal. Stoploss can be had just below the breakout candle. Also note the wick on 4th June indicating strong buying pressure at those level. Target can be just below the resistance level marked. This trade offers ideal risk reward of 1:2.
Hope you like this idea, if so please boost the idea or leave a comment below on what you think. Otherwise, happy trading :-)
Hope you like this idea, if so please boost the idea or leave a comment below on what you think. Otherwise, happy trading :-)
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