India, Feb. 12 -- The Inverted Head & Shoulders pattern signals weakening selling pressure and rising buying interest, indicating a bullish reversal. The Inverted Head & Shoulders has three troughs, with the middle lowest (head) and two higher sides (shoulders). A breakout above the neckline signals a potential bullish reversal.

On Wednesday, Max Healthcare Institute Ltd broke the neckline of an Inverted Head & Shoulders pattern on the 1-hour chart. A sustained move above Rs 1,040 level could drive further upside, while a drop below this level may weaken the bullish outlook.

For an Inverted Head & Shoulders, targets are set at immediate resistance or by projecting the head-to-neckline distance upward. Traders trail profits while watchin...