Inverse Head and Shoulder Pattern

20 Tem 2022

This is 1D timeframe.

Infosys have formed a inverse head and shoulder pattern with a morning star at bottom in head.
Last three days, 2 good bullish candles, but the volume is average so I need more confirmation to initate the trade.
Will wait to get a closing above 20th July candle with volume support.
Then I can target the 1660-1670 zone.
I can keep stoploss below neckline to gain good RR ratio.

This post is for information purpose only.

29 Tem 2022

İşlem kapandı: durdurma seviyesi

It did broke 20th July's candle but didn't sustained and hit my SL.
Now has shown again a bullish momentum in last three days. Lessons learnt.
Will watch how it moves futher.