Another chart confirming the SunPharma breakout. An Inverse Head and Shoulder on 2 hour chart with 500 as first target. Can book partial profits at 500 and move trailing SL to 474 for the next target of 540. Once crosses 520 trail SL to 500.
Trade attivo:
Though it fell below till the SL, re-entered trade today @ 479 with 467 as SL.
Commento:
Target 1 achieved
Trade chiuso: obiettivo raggiunto:
Positional traders can hold for the next target of 540 while low risk traders can book profits and exit.