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Sumanyu_Aggarwal

Head and shoulder in Jubilant Ingrevia

JUBILANT INGREVIA LTD (NSE:JUBLINGREA)  
Sumanyu_Aggarwal Updated   
NSE:JUBLINGREA   JUBILANT INGREVIA LTD
Support and Resistance Head and Shoulders
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supportandresistance headandshoulders
Chart has formed a diagonal head and shoulder pattern. It has been moving up since June forming a base in curve structure. Recently started to trade above 200 daily moving average.
Comment:
Stock is showing signs of weakness. Price is still consolidating near Rs 517. But the overall role of head and shoulders is over.
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