Equity charts are representations of trade price of a particular stock and Trade price are arrived after psychological decision of a investor. So in short a psychology of investor can be seen on the charts and its always very much difficult to come out a depression! One of the best example of such psychology was seen on MotherSon Sumi Systems chart were after Volkswagen scandal stock saw some strong sell-off and investors, traders and even speculators were avoiding this counter which was the sign of complete “Depression”. But finally after some consolidation now it seems investors are getting back some confidence on the stocks and even Sales in Europe and America are picking up which gives some future valuations on stock a upbeat and weekly charts have also shown a strong reversal pattern to support a view for a rally. As marked by white dashed line we have got a Inverted H&S on the weekly chart with a Neckline at 270 which has been breached and confirmed by a close last week. On the upside we are getting vertical target of 337 which is equal to the distance from the head to neckline. Though their aint any specific rule for stop loss but in this case i would prefer stop loss as right shoulder which is approx 240. I am sure someone would question that we need one more confirmation close for the pattern but looking at the indicators which have given crossover confirmation , i would surely recommend to take a risk bit early. So medium term traders just follow levels mentioned in the post while long term investors just accumulate upto 325!