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#Reliance ! #Inverted Head & Shoulder
RELIANCE INDUSTRIES LTD
#Reliance ! #Inverted Head & Shoulder
By CA_Chetanbhasin
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May 1, 2023
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May 1, 2023
#Reliance forming #Inverse Head & Shoulder pattern open for targets of 2600+
Dear Readers,
How to identify Inverse Head and Shoulders
An inverse head and shoulders pattern is comprised of three component parts:
After long bearish trends, the price falls to a trough and subsequently rises to form a peak.
*The price falls again to form a second trough substantially below the initial low and rises yet again.
*The price falls for a third time, but only to the level of the first trough, before rising once more and reversing the trend.
Chart Patterns
Trend Analysis
Wave Analysis
CA_Chetanbhasin
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