1) Inverse Head & Shoulder Pattern Spotted in WABAG.
Pros - CHART Pattern Structure Look Very NIce.
Price Came back to the Breakout Zone and Restested it from that Level.
Volume was good at the time of Breakout.
Cons - Below 200 DMA
That' why our Stoploss is very strict .
Once it close above 320 Level you can see some nice Momentum.
Our Entry - 247
Stoploss - 215
Target - 391
2nd Target 449
Pros - CHART Pattern Structure Look Very NIce.
Price Came back to the Breakout Zone and Restested it from that Level.
Volume was good at the time of Breakout.
Cons - Below 200 DMA
That' why our Stoploss is very strict .
Once it close above 320 Level you can see some nice Momentum.
Our Entry - 247
Stoploss - 215
Target - 391
2nd Target 449