“Inverse Head and Shoulder” pattern
• On the daily chart, the stock has
witnessed a breakout from “Inverse
Head and Shoulder” pattern around
2850 levels indicating trend reversal
• The stock is well placed above its 20
day SMA’s which reconfirm bullish
sentiments
• Huge volumes at breakout zone signals
20 September, 2021
*Holding period is 3 to 4 weeks.
increased participation
• The stock is in up trend forming a
series of higher tops and bottoms
• The daily and weekly strength indicator
RSI is in bullish mode which supports
rising strength as well as momentum.
• The above analysis indicate an upside
of 3040-3130 levels
witnessed a breakout from “Inverse
Head and Shoulder” pattern around
2850 levels indicating trend reversal
• The stock is well placed above its 20
day SMA’s which reconfirm bullish
sentiments
• Huge volumes at breakout zone signals
20 September, 2021
*Holding period is 3 to 4 weeks.
increased participation
• The stock is in up trend forming a
series of higher tops and bottoms
• The daily and weekly strength indicator
RSI is in bullish mode which supports
rising strength as well as momentum.
• The above analysis indicate an upside
of 3040-3130 levels
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