BOGA | Inverted H&S

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The stock has formed an inverted head and shoulders pattern. A potential breakout above the neckline and descending trendline could push the share price towards the Fibonacci retracement 0.786 level at Rs. 75.5. During such a move, some resistance around Fibonacci retracement 0.168 and 0.65 levels can be expected.

Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.

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أغلقت الصفقة: تم الوصول لوقف الخسارة

03/03/2023
The stock failed to break neckline and descending trendline.

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تم فتح الصفقة

07/03/2023
The stock has broken above the descending trendline resistance and neckline of inverted head and shoulder pattern.