Capital First: Year Long Head & Shoulder pattern breaking out?



The chart above is the weekly chart of Capital First (CAPF). It has been forming an inverse head&shoulder pattern with rising neckline around 820-825 level. 

Medium term investors can use the below mentioned levels to enter for quick 25-30% in next few months. 

Trade: Buy above weekly closing of 830
Targets: 980 & 1050
SL: 765


Note: The above mentioned trade details are only meant for study and is not a recommendation. Kindly do your own study before investing. 

Comments

Popular posts from this blog

Trendlines & Channels: Charting Terminology

PE ratio as a Investing/Trading tool