Inverse Head & Shoulders Formation
The chart resembles a developing Inverse Head & Shoulders.
Fair Value Gap (FVG) Retest Zone
Your marked zone:
₹41.8 – ₹39.5
This area is acting as:
Previous breakout zone
Demand area
Fair Value Gap retest
Potential support
In SMC terms, this is a logical area where institutions may defend positions.
Bullish Scenario
If price:
Holds above ₹39–41
Shows bullish rejection candles
Maintains volume
Then continuation toward higher levels becomes possible.
Investment Opportunity (1-3 Months)
Aggressive Entry
₹39 – ₹42
Stop Loss
Daily close below ₹37
Targets
Target 1: ₹48
Target 2: ₹58
Target 3: ₹60-61
Risk-Reward
Risk ≈ ₹4-5
Potential Reward ≈ ₹18-20
Risk-Reward > 1:4
The chart resembles a developing Inverse Head & Shoulders.
Fair Value Gap (FVG) Retest Zone
Your marked zone:
₹41.8 – ₹39.5
This area is acting as:
Previous breakout zone
Demand area
Fair Value Gap retest
Potential support
In SMC terms, this is a logical area where institutions may defend positions.
Bullish Scenario
If price:
Holds above ₹39–41
Shows bullish rejection candles
Maintains volume
Then continuation toward higher levels becomes possible.
Investment Opportunity (1-3 Months)
Aggressive Entry
₹39 – ₹42
Stop Loss
Daily close below ₹37
Targets
Target 1: ₹48
Target 2: ₹58
Target 3: ₹60-61
Risk-Reward
Risk ≈ ₹4-5
Potential Reward ≈ ₹18-20
Risk-Reward > 1:4
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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.
Related publications
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.