Head and shoulder in Jubilant Ingrevia

٨ يناير ٢٠٢٣

Chart has formed a diagonal head and shoulder pattern. It has been moving up since June forming a base in curve structure. Recently started to trade above 200 daily moving average.

١٥ يناير ٢٠٢٣

ملاحظة

Stock is showing signs of weakness. Price is still consolidating near Rs 517. But the overall role of head and shoulders is over.