Bullish patterns & Monthly Breakouts in Alkyl Amines

Good afternoon Folks, This stock has given us a breakout from falling wedge pattern and from inverse H & S pattern and with a strong green candle

- The next step is either you can enter now as a big green candle without rejection shows bulls strength.
- Next is to wait for the 2nd green candle closes around high which acts as confirmation and the classical way to trade breakouts.
- Now as per the John Murphy's book the target for Inverse H&S Breakout will be the size of head which I have marked in yellow which suggest 44% upmove or else you can use pivots which gives you support and resistance which can help you to understand from where price is taking support or where it is facing rejection.
- it will also helps you with target and stoploss.

THIS ARE MY PERSONAL VIEWS OR ANALYSIS NOT ANY RECOMMENDATIONS.