gained nearly 5% in a single session, moving from the neckline breakout of its Inverse Head & Shoulders pattern near 1,780 toward the measured-move target of 80 points (4.52%) projected from the Head-to-neckline distance, with the stock settling near 1,875. This is a clean instance of a classical pattern completing close to its textbook projection, with RSI at 74.04 reflecting the strength of the follow-through move.
Whether price consolidates near the projected target or extends further will be worth watching, as measured-move levels often act as a natural zone for profit booking after such a sharp move. A slip back below the neckline zone would be the level to note if the move starts to lose steam.
A measured-move target being reached this precisely is a good reminder of why classical patterns remain widely tracked — though a target zone often becomes a pause point, not just a stop.
Disclaimer:This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.