Inverse Head and Shoulders Pattern
Three troughs with the middle one deepest — the classic bottoming pattern.
Showing 4 of 4. Trigger is the price a daily close must clear for the pattern to complete; Target is the measured move it projects, marked ≈ while the break has not happened yet.
| Stock | TF | State | CMP | Trigger | Away | Target | Touches |
|---|---|---|---|---|---|---|---|
| PGINVITPOWERGRID Infrastructure Investment Trust | Weekly | ▲ Broken out | ₹100 | ₹97.19 | broken | ₹121 (+21%) | 5 |
| VRLLOGVRL Logistics Limited | Weekly | ▲ Broken out | ₹303 | ₹294 | broken | ₹362 (+19%) | 5 |
| APLAPOLLOAPL Apollo Tubes Limited | Weekly | ▲ Broken out | ₹2,245 | ₹1,991 | broken | ₹2,266 (+1%) | 5 |
| ASHOKLEYAshok Leyland Limited | Weekly | ▲ Broken out | ₹175 | ₹168 | broken | ₹197 (+13%) | 5 |
A low (left shoulder), a lower low (head), then a higher low roughly level with the first (right shoulder). The line joining the two intervening peaks is the neckline.
Why it forms
The head is the capitulation low. The right shoulder holding well above it says sellers can no longer push price down, and the neckline break confirms the downtrend's lower highs are finished.
🎯 Trigger
📏 Target
🛑 Invalidation
PGINVIT — Weekly
Is an inverse head and shoulders bullish?
How reliable is the inverse head and shoulders?
How do you measure the target?
How these are found: swing highs and lows are picked out with a percentage ZigZag on daily and weekly candles, and the boundaries are line-fitted through those swings. A formation is only published when the fit is tight, the boundaries are actually touched several times, and the price action stays inside them. The most recent swing is provisional, so a forming pattern can still change shape on the next candle, and patterns whose break already played out are dropped rather than shown as fresh. Levels and targets are the textbook measured moves, not forecasts. This is auto-generated market data, not investment advice.