Thanks for the clarification! Yes — the chart **does** resemble an **Inverted Head and Shoulders** pattern (a bullish reversal pattern), especially visible in the price structure before the breakout above ₹6,278.
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### 🟢 **Inverted Head and Shoulders – Analysis (Divi's Lab)**
#### **Pattern Structure:**
* **Left Shoulder:** Formed in March.
* **Head:** Deepest low around early April.
* **Right Shoulder:** Higher low formed in late April to early May.
* **Neckline:** Breakout above the ₹6,278 level confirms the pattern.
#### **Breakout Confirmation:**
* Breakout is strong, supported by **increasing volume**.
* Target derived from neckline to head height = approx. ₹1,333.
* **Target after breakout:** ₹6,278 + ₹1,333 = **₹7,611** (already marked on the chart).
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---
### 🟢 **Inverted Head and Shoulders – Analysis (Divi's Lab)**
#### **Pattern Structure:**
* **Left Shoulder:** Formed in March.
* **Head:** Deepest low around early April.
* **Right Shoulder:** Higher low formed in late April to early May.
* **Neckline:** Breakout above the ₹6,278 level confirms the pattern.
#### **Breakout Confirmation:**
* Breakout is strong, supported by **increasing volume**.
* Target derived from neckline to head height = approx. ₹1,333.
* **Target after breakout:** ₹6,278 + ₹1,333 = **₹7,611** (already marked on the chart).
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Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.