mithildoshi72

mithildoshi72

INVERSE HEAD AND SHOULDER : An inverse head and shoulders, also called a head and shoulders bottom, is inverted with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former...

mithildoshi72

The stock movement is moving in higher top higher bottom multiple support at 440 levels while price have formed a bullish engulfing pattern near the support zone with RSI reversing from 45 levels forming a bullish reversal on RSI. A break above 510 would give a further bullishness where price can rally near 550-565 levels in short term basis