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Axay1111
Oct 6, 2020 11:01 AM

Cadila Healthcare Inverted Head and Shoulder Long

Description

Cadila Healthcare formed an Inverted Head and Shoulder Pattern in the daily chart signalling a trend reversal. Gave an upside breakout with above average volume, now it might test 406-410 levels again. Looks good for upside.

Trade active

Tested 406 today and closed at 412.85. The critical level is 423. If breaks 423 then can give good upside.

Trade closed: target reached

Made a high of 438.70.
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