GLENMARK is shaping a well-defined Inverse Head & Shoulders (IH&S) structure on the chart.
The left shoulder and head are clearly visible, with the head forming a deeper and broader base.
Price has since recovered and moved back toward the neckline, indicating improving structure.
The right shoulder is still under formation, meaning the pattern is in development, not completed yet.
At this stage, price action remains below the neckline, and the focus should be on how the market behaves while forming the right shoulder — whether it holds above the recent base and maintains symmetry with the left shoulder.
No indicators are involved here — this view is purely based on price structure, balance, and time spent near key levels.
Patience is essential until the structure fully matures.
The left shoulder and head are clearly visible, with the head forming a deeper and broader base.
Price has since recovered and moved back toward the neckline, indicating improving structure.
The right shoulder is still under formation, meaning the pattern is in development, not completed yet.
At this stage, price action remains below the neckline, and the focus should be on how the market behaves while forming the right shoulder — whether it holds above the recent base and maintains symmetry with the left shoulder.
No indicators are involved here — this view is purely based on price structure, balance, and time spent near key levels.
Patience is essential until the structure fully matures.
SiripiVenu
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.
SiripiVenu
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.