WPL Weekly Chart Analysis.

Inverse H&S patterns either in the making or completed must be the flavour of the current month that we are in. We have one in the making (yet to be completed) with WPL in weekly TF Chart. May be worth a while keeping an eye on the neckline break to the upside over the coming days, which will be the requirement to complete the pattern.

Some of these patterns succeed and reach their target, some  on the other hand may fail after being completed. Lets wait and see how this one may unfold with WPL ?

A higher high close ( higher than the high of the penultimate bar @ $27.29) in the current week would also give us a weekly PIVOT POINT short term BULLISH REVERSAL SIGNAL.

Disclosure : WPL held.

Intra Week, Weekly WPL Chart below.

wplweeklyhns

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