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Chart_World
Apr 9, 2022 6:15 PM

Prakash Pipes Ltd Inverse Head and Shoulders pattern 

PRAKASH PIPES LTDNSE

Description

NSE:PPLBSE:PPL

Technical Observations -


1) After falling channel breakout now price form Inverse Head and Shoulders pattern
2) Breakout of Inverse Head and Shoulders pattern expect above 175-180 zone
3) If we observe, till date stock formed 3 pattern and every time is gives breakout with high volume
4) Breakout candle highlighted by circles


Resistance – 195/232/267
Support zone (Near last swing low) – 150-135

DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE FOR EDUCATIONAL PURPOSE ONLY. I AM NOT RESPONSIBLE FOR YOUR ANY LOSS OR PROFIT. CONSULT YOUR ADVISER BEFORE TAKING ANY TRADE. I HELP PEOPLE TO LEARN TECHNICAL ANALYSIS & CHARTS READING. THIS IS NOT A BUY, SELL OR HOLD RECOMMENDATIONS.

Comments
zAngus
Nice one. I like it. Thank you for contributing.
Chart_World
@zAngus, Thanks sir.
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