The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
this is share is forming a double bottom on the bigger time frame and breaking a good resistance and range.
we can target of 240 in upcoming days
best of luck
Share Name: Schneider Electric infrastructure.
Reason: 1.) Reverse Head and shoulder on the weekly graph with high volume.
2.) Near to break 2012's year high
Buy Price: Current Price (97)
SL: 87 (For small traders), 76.50 (For risk-taker traders)
TP: 129, 150
@divinechartist...
