Polaris Financial technologies:

the stocks seems to be coming out of hibernation of nearly 13 years. the stock has been forming inverted heads and shoulders pattern over the period of 12-13 years this is very very long time for the pattern. it can be seen from the chart that the stock has been unable to break above the neck line at-least four times and this time it has broke above the neck line and that too on heavy volumes which is clearly indicating that the trend might be reversing. So techncially the stock has is a good buy with stop loss below the neck line. fundamentally the financials have been improving over fives years at CAGR at around 20% for last five years so it appears to be a good buy from current levels with stop loss at neck line, in any case the stop loss at 200 day EMA which happens to be around 140. The reverse h&S pattern is giving a target of double from the current levels.  But the very long term pattern formation is giving an indication that we might see a new all time high in years to come provided it stays above the neck line. 

M.Sri Mahidar

Trend is Friend.