hemantp84

SAIL Inverted Head and Shoulder pattern (Short and then Long)

NSE:SAIL   STEEL AUTHOR INDIA
SAIL chart is in making of inverted Head and shoulder pattern. There is a good chance that it will complete right shoulder with the first target of 50 for short. And thereafter one should go long on for the target of 55-61 and 68.
Trade active: Target 1 for short is reached: 50.
Now it should head towards 55-61-68 after some consolidation.
Comment: Reaching target 2. Till now 54.35
Comment: The first target is already done.
Now next target 61.

See how beautifully it has followed the inverted Head and shoulder pattern.
Comment: Target 60-61 is also achieved. Now it is retesting level of 55.
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