Reasons : 1) H&S Breakout with good volumes and retracement also done with good volumes. 2) taking good support of EMA's that's why Stoploss is near to 20 Day EMA.
Can be played for upside move with stop-loss of 305, for the target of 335/360..
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Reason is HnS and Inv HnS is reversal type of pattern, if it wants to go up then it should do FnP breakout with great volume and entry at retest. HnS works best when found in wave 4 end.