MANGALAM Inverse HNS Pattern forming??
MANGALAMMANGALAMTime Frame – Weekly
Observations:-
* Consolidation & Range formation going on above weekly 200 SMA in 95-197 zone
* Inverse HNS Pattern formation seen on weekly/monthly time frame
* Since last 3 months consolidating in 163-135 range
* Taking good support of Weekly 200 SMA
*Major range BO above 197 & above HNS pattern neckline resistance line
Resistance – 242 / 287 / 343 / 442.40
Support – 135 / 95 & Weekly 200 SMA
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