nileshgr

Formation of left shoulder in inverse H&S

Long
BSE:MOIL   MOIL LTD.
The trend seems to be forming a inverse H&S (see circle - marks what looks like a left shoulder)

Additional bullish evidence:
  • RSI is rising
  • Stochastic showing bullish
  • 50% Fibonacci retracement is complete

For better confirmation must wait for 2-3 days more to confirm bullish trend

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