Inverted H&S: Right At The Top in Biocon

15 feb 2018

The long trades could be initiated above the neckline of this inverted pattern.

Hope this idea will help some traders for better trade planning.
Do hit the like button and comment if necessary.

Regards
Bravetotrade

15 feb 2018

Nota

I will try to delve into the levels as soon as the trade is initiated.

16 feb 2018

Nota

Nice

We can wait for a close above neckline on hourly before going long.
One can try any other entry technique that works.

16 feb 2018

Nota

Trade will be active above 616, stop below 600, target will be 645.

16 feb 2018

Nota

Order above 616 still pending.

19 feb 2018

Nota

Stock is taken down by the weak market. The pattern will be reconsidered above neckline 612-613 level. Pattern will be negated below 566.