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SREI Infra Inverse H&S pattern

  • Jan 1, 2018
  • 1 min read

Inverse H&S pattern appeared on the hourly chart of SREI Infra. If it manage to break above and close above 102.5 then will will be seeing a up move toward 110-115. For last few day this stock taking support at 100 EMA. We have also seen a breakout of downtrend line with more then avg volumes. MACD also showing a positive crossover around 0 level. All this signals suggesting the up move in the stock in next few days. We will be in long position above 102.5 for the target of 110 and 115 with the SL of 98.

 
 
 

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