- Price has confirmed an Inverse Head & Shoulders price pattern along with decent Volume on the breakout candle.
A Daily Close above Rs.360 would confirm a Trend Reversal by forming a higher high.
The target for Inverse H&S Pattern is Rs.430.
Horizontal resistance zone is also placed around 450.
View remains valid as long as price is above the low of the right shoulder.
Portfolio allocation should remain low for this stock as the longer term trend still remains negative.