TASI
TUTI: UTILITIES INDEXIndex is continuously in Bullish trend within Ascending Parallel Channel
Recently Channel bottom seem to be broken, however, confirmation is needed for either false breakdown (as in recent past) or downtrend.
Double Bottom is observed and expected to take an upside movement.
Check individual stocks in the sector for entry with proper stop loss.
7200 (MIS)Trendline Breakout
Inverted Head & Shoulder Pattern Formation
Biased: Bullish
Series of HH, HL
Watchout for the formation of HL (Retest)
Aggressive entry can be taken at current level (106.2)
Safe entry can be taken after formation of HL
Trade with SL,
Target Prices (fib levels) are mentioned, Ride the trend with trailing stop loss