Its often difficult to find a perfect pattern on stock charts for a trading view but today i just noticed something which is just like getting ‘Double scoop of icecream’ in scorching heat i.e., Double Inverted H&S on same stock and on same time frame but with Higher targets on Tata Chemicals.  Though i am late in intimating you guys of ‘light blue inverted H&S’ but still we can trade for its target combined with larger ‘Pink inverted H&S’ which has been confirmed today with volumes. Looking at indicators on daily charts we are in overbought zone bought they have given internal positive crossover giving confidence for achieving atleast inverted H&S target in near term which could be tomorrow if they post good numbers.  So trading strategy for short term traders is going long on Tata Chem tomorrow at first trade with tgts of 458/530 and stop loss at 390.

 

 

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