#Reliance ! #Inverted Head & Shoulder

#Reliance forming #Inverse Head & Shoulder pattern open for targets of 2600+

Dear Readers,
How to identify Inverse Head and Shoulders

An inverse head and shoulders pattern is comprised of three component parts:

After long bearish trends, the price falls to a trough and subsequently rises to form a peak.

*The price falls again to form a second trough substantially below the initial low and rises yet again.

*The price falls for a third time, but only to the level of the first trough, before rising once more and reversing the trend.
Chart PatternsTrend AnalysisWave Analysis

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