This is a analysis of stock named IGL. It's a swing trade. We can see a good reversal pattern been formed in 15 mins time frame.
* Pattern Name- Inverse Head and Shoulder pattern.
Inverse head and shoulders pattern is an reversal pattern formed after a down trend.
* How To Trade Inverse Head And Shoulder Pattern- Wait for the Neckline breakout of the head and shoulders pattern for the confirmation. Then one can enter into a trade.
* Stoploss- Generally a logical stoploss for this classical reversal pattern is below the right shoulder.
* Target- The target is decided by the length of the head of this pattern.
DISCLAIMER: This is my personal analysis and this is been shown with the motive of knowledge spreading or for educational purposes, kindly take a ln advice from your FINANCIAL ADVISOR before jumping into trade. I won't be liable for the losses or profits u made.
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* Pattern Name- Inverse Head and Shoulder pattern.
Inverse head and shoulders pattern is an reversal pattern formed after a down trend.
* How To Trade Inverse Head And Shoulder Pattern- Wait for the Neckline breakout of the head and shoulders pattern for the confirmation. Then one can enter into a trade.
* Stoploss- Generally a logical stoploss for this classical reversal pattern is below the right shoulder.
* Target- The target is decided by the length of the head of this pattern.
DISCLAIMER: This is my personal analysis and this is been shown with the motive of knowledge spreading or for educational purposes, kindly take a ln advice from your FINANCIAL ADVISOR before jumping into trade. I won't be liable for the losses or profits u made.
Thank you..
Kindly follow us 🙏