Gujarat Gas First bullish sign. .

There is a good inverted head and shoulder formation in the Gujarat Gas counter
also it has broken the neck with good volume as can be seen in the attached
chart.

One can enter with Stop Loss of 200 and target of 240.

Hope every one will maintain stop loss after reading my earlier posts on stop loss.

Nifty 3160 level critical for Reversal

Check the following chart. As we can see there is probable Inverted head and shoulder forming in the Nifty bottom. In case Nifty ends up above 3160 level then we can see the target of 3775.
"One should buy only if Nifty closes above 3160"


x=height of the head and shoulder ie 3148-2524=624,
Targert = 3148+624= 3772