Info edge
NAUKRI in info edge chart we can see inverted head n shoulder pattern ,breakout and retest is also seen
The Inverted Head and Shoulders is a bullish reversal pattern that forms after a downtrend.
It consists of three troughs: the middle one (head) being the lowest and the two side troughs (shoulders) being higher and nearly equal.
A neckline is drawn connecting the highs of both shoulders, and a breakout above it confirms the trend reversal.
It signals that selling pressure is weakening and buyers are gaining control.
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