TradingView
Trading-wise
Oct 14, 2017 3:11 AM

Torrent power - Inverted H&S Long

TORRENT POWERNSE

Description

NSE:TORNTPOWER has formed inverse head and shoulders pattern in day chart.

One can go long above 237.50

T1 - 251

T2 - 260

SL - 224

Trade active

Trade closed: target reached

Both Targets reached.
Comments
sagar05_86
Shyam, this is more accurate as a reversal pattern not as a continuation pattern, what do you think about that
Trading-wise
@sagar05_86, Yes i totally agree thats why the targets given are for short time not long time.
R-Begusarai
sahi padke ho sir
chandupatlamaniraj
Wow. I was looking at this chart since 2 days and i only found 'Cup & Handle' pattern. But this makes more sense.
Can you find 'Cup & Handle' pattern in this sir? This is only to check whether i'm looking at it correctly or not.
Trading-wise
@chandupatlamaniraj, yes. If the left shoulder is not there its a cup & handle pattern only.
kelwin17
i agree with this idea
Trading-wise
@kelwin17, hope the trade gets triggered in the coming week.
More