igl forming Inverse H&S pattern on daily chart after long consolidation, which in short to medium term can outperform from here on.
RSI above 70 which is perfect sign with rising volumes. as studied rsi above 60 always lead to a big movement in stock which we can see here, and i really thing the people saying rsi oversold short above it , yes the market cool from here but in bull market stock doesnt fall. they dip and rise.
so watchout for it.
it may move 20-30% from here as per IHnS pattern.
Dis- its for an educational purpose not a recommendation.
RSI above 70 which is perfect sign with rising volumes. as studied rsi above 60 always lead to a big movement in stock which we can see here, and i really thing the people saying rsi oversold short above it , yes the market cool from here but in bull market stock doesnt fall. they dip and rise.
so watchout for it.
it may move 20-30% from here as per IHnS pattern.
Dis- its for an educational purpose not a recommendation.