ELGI RUBBER CO. LTD
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Elgi Rubber. Turnaround in trend with inverse head and shoulder

Atualizado
Previous trend: Down Trend (66 to 11)
Present trend: Consolidation (price has again tested Neckline)
Support: 23.90 and 16.10
Resistance: 36.55 and 49.15
Reversal Pattern: Inverse Head and Shoulder
Volume: highest volume of 2.7 mn on the day downward trend line broken.
Price invalidation level/stoploss: 22 on Monthly Closing Basis.

Disclaimer: Only for educational purpose. Do trade as per your risk management.

Nota
36.55 done next stop 49.15
Trade fechado: objetivo atingido
high 49.80. done and dusted
Chart PatternsTrend Analysis

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