Inverse Head and Shoulder Pattern Breakout
This is Weekly Timeframe.
Dalmia Bharat Ltd stock have given breakout today from downtrend and
from inverse head and shoulder pattern which is formed at lower levels of this trend.
Today's volume is highest in last two months.
It consolidated near resistance for last few days, shown sustainability, which is helpful to begin upmove.
So by seeing today's volume and consolidation near short term resistance and breakout, there is high chance of bullish movement.
This post is for information purpose only.
Dalmia Bharat Ltd stock have given breakout today from downtrend and
from inverse head and shoulder pattern which is formed at lower levels of this trend.
Today's volume is highest in last two months.
It consolidated near resistance for last few days, shown sustainability, which is helpful to begin upmove.
So by seeing today's volume and consolidation near short term resistance and breakout, there is high chance of bullish movement.
This post is for information purpose only.
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