Borosil - Bullish Head and Shoulder chart pattern
Borosil Renewables ltd has formed a bullish head and shoulder.
1. Hammer candlestick formed in downtrend and best part is that at support
2. Next candle formed bullish engulfing and price started rally upside.
3. Downtrend line was broken at 470 again a bullish sign
4. Price has retest FR Level 38.2
5. Now price has pierced the neckline of Inverted head and shoulder chart pattern.
1. Hammer candlestick formed in downtrend and best part is that at support
2. Next candle formed bullish engulfing and price started rally upside.
3. Downtrend line was broken at 470 again a bullish sign
4. Price has retest FR Level 38.2
5. Now price has pierced the neckline of Inverted head and shoulder chart pattern.
Penafian
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