CENTRALBK

stock price analysis and chart pattern

After a downtrend, the stock price of the

started consolidating and formed a ,inverted head and shoulder chart pattern with important support and resistance levels of 32 and 39.6 An inverted head and shoulders chart is a reversal chart pattern that indicates a potential shift from a downward trend to an upward trend. The pattern consists of three successive lows, with the middle low being the lowest and the two outer lows being higher And today approximately after 2 months the stock price has given its closing above the important resistance level of 39.6 Now the further rise in stock price may be seen,, and it may move towards the 100 moving average On 30th May 2025 stock price closes above 50 moving average The level of 39.6 will act will now act as an important support level As support and resistance levels are interchangeable once broken RSI is at 66.25