Bullish chart pattern - Inverted Head and shoulder pattern formed in Vidhi Specialty.
If we observe at the time of Head formation of bullish chart pattern then we found that bullish candlestick like inverted hammer with bullish engulfing.
Inverted head and shoulder chart pattern completed on Friday when price pierce the neckline 385
20 period EMA is near by right shoulder will act as a dynamic support.
RSI is above 65 is also showing strength.
One can buy for 415 and 465 in short to mid term.
Buy at CMP
Target 415 and 465
SL below 20 EMA (Dynamic Support)
If we observe at the time of Head formation of bullish chart pattern then we found that bullish candlestick like inverted hammer with bullish engulfing.
Inverted head and shoulder chart pattern completed on Friday when price pierce the neckline 385
20 period EMA is near by right shoulder will act as a dynamic support.
RSI is above 65 is also showing strength.
One can buy for 415 and 465 in short to mid term.
Buy at CMP
Target 415 and 465
SL below 20 EMA (Dynamic Support)