Chalet hotels has given an inverted head and shoulders breakout. Currently, stock is consolidating above the neckline.
A retest of 400-405 levels can give a good indication that the breakout is genuine and one can expect at least 100 points move which is the length of right shoulder. Long term targets can be 250+ points which is the length of the head.
SL is deep around 30 points at 375 levels.
Note:- Idea is shared only for educational purpose and should not be considered as a recommendation.
A retest of 400-405 levels can give a good indication that the breakout is genuine and one can expect at least 100 points move which is the length of right shoulder. Long term targets can be 250+ points which is the length of the head.
SL is deep around 30 points at 375 levels.
Note:- Idea is shared only for educational purpose and should not be considered as a recommendation.
Nota
Retest and continuation.458 from 404. Hold tight!
Nota
485 from 404.20% done !
Nota
580+ from 404.Beautiful example of a pattern breakout
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.