AARVEEDEN 1w time frame
buy@ 26.60 target @ 33.40, 34.90, 36.90
symentric triangle breakout
risk reward 1.5
its just a view trade @ your own risk
sl@19.70
Formation of a reverse head and shoulders pattern suggests a potential trend reversal.
Close break expected from a six-year resistance trend line.
Successful breakout above the trend line indicates strong bullish momentum.
Key resistance levels:
1st Resistance: 31.5 to 33.5
2nd Resistance: 42 to 44
3rd Resistance: 55.5 to 57
View remains valid as long as the...
Reason for long
a) Head and shoulder set up within the head and shoulder set up i.e., Dual head and shoulder formation.
b) vwap support
duration 2 months
SL compulsory