Divergent_trader

REPL | SPEED & STRENGTH - A SOLID COMBO!

Long
NSE:REPL   RUDRABHISHEK ENTERP LTD
Points to Note:
_______________________________
1. Inverse Head & Shoulder Base, indicating accumulation with purpose
2. The right Shoulder also has printed an Ascending Triangle, reinforcing the aggressiveness of buyers
3. The Breakout of the Neckline was preceded by a HH, HL movement. Price is also sustaining well above the Neckline
4. The SPEED from the Ascending Triangle breakout will stand firmly on the STRENGTH of the H&S.

Considering these points, a buy can be initiated:
Entry: CMP -220
SL:186
Target: 274 (Pattern Height of H&S)

Disclaimer: This is NOT a recommendation to trade, but my own observation. Please do your own analysis before entering positions.

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