📌 ASAHI INDIA GLASS | Weekly Timeframe
🧩 Pattern Breakdown (from a textbook lens):
-Left Shoulder: Formed after the Sept–Nov 2024 rejection
-Head: Created around Feb–May 2025 with a deeper dip
-Right Shoulder: Built through June 2025
-Neckline: ₹750–₹760 zone, tested multiple times
-Breakout Candle: High conviction — wide-bodied, strong close, with 17.61M volume
📘 According to classical technical analysis, Inverted Head & Shoulders patterns often signal a trend reversal. What's notable here is the context — the structure has developed after a sustained move upward, not from a bear phase.
🎯 The candle breaks above a long-standing supply zone with size, volume, and conviction — yet its location at the top makes it structurally interesting and unusual when viewed through traditional pattern psychology.
🚫 This is not a tip, call, or directional bias — just a visual log of structure and volume behavior.
💬 Chart interpretations welcome in comments.
🧩 Pattern Breakdown (from a textbook lens):
-Left Shoulder: Formed after the Sept–Nov 2024 rejection
-Head: Created around Feb–May 2025 with a deeper dip
-Right Shoulder: Built through June 2025
-Neckline: ₹750–₹760 zone, tested multiple times
-Breakout Candle: High conviction — wide-bodied, strong close, with 17.61M volume
📘 According to classical technical analysis, Inverted Head & Shoulders patterns often signal a trend reversal. What's notable here is the context — the structure has developed after a sustained move upward, not from a bear phase.
🎯 The candle breaks above a long-standing supply zone with size, volume, and conviction — yet its location at the top makes it structurally interesting and unusual when viewed through traditional pattern psychology.
🚫 This is not a tip, call, or directional bias — just a visual log of structure and volume behavior.
💬 Chart interpretations welcome in comments.
🎯 Master My Self-Made Trading Strategy
✅ WhatsApp (Course): wa.me/919455664601
📈 Telegram (Free Charts): t.me/hashtaghammer
✅ WhatsApp (Course): wa.me/919455664601
📈 Telegram (Free Charts): t.me/hashtaghammer
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎯 Master My Self-Made Trading Strategy
✅ WhatsApp (Course): wa.me/919455664601
📈 Telegram (Free Charts): t.me/hashtaghammer
✅ WhatsApp (Course): wa.me/919455664601
📈 Telegram (Free Charts): t.me/hashtaghammer
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.