Continuing with the examples given above of H&S reversal patterns, the one i want to highlight, that is setting up nicely is of EXIDE Industries: – Monthly Chart:
- A Multi year H&S pattern has been forming since May-2014.
- This 9 year pattern looks to be reversing, and would possibly turn very bullish once the reversal is confirmed, which is above the Right Shoulder high.
- RSI also looking good, and has given a breakout.
Previous examples of H&S reversals given in above posts are playing out well. ( Sanghvi movers, Powermech Projects, TVS motors, Fiem inds)
| Subscribe To Our Free Newsletter |
