naraykln

ACI - Breaking out H&S bearish pattern

Long
naraykln Updated   
NSE:ACI   ARCHEAN CHEMICAL IND LTD
Head and Shoulder is a bearing pattern. ACI seems to be negating H&S pattern by breaking the trendline in chart & RSI in daily chart with volume. Trendline between head & right shoulder top yet to be broken. Closing above 690 (Right shoulder) would confirm that bearish pattern is negated
Comment:
Good Weekly closing. Negated bearish H&S pattern

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