India, March 18 -- The inverted head & shoulders pattern signals weakening selling pressure and rising buying interest, indicating a bullish reversal.

The inverted head and shoulders pattern has three troughs, with the middle one being the lowest (head) and the two sides being higher (shoulders). A breakout above the neckline signals a potential bullish reversal.

On Tuesday, Navin Fluorine International Ltd. broke the neckline of an inverted head-and-shoulders pattern on the 30-min chart. A sustained move above the Rs 6,234 level could drive further upside, while a drop below this level may weaken the bullish outlook.

For an inverted head and shoulders pattern, targets are set at immediate resistance or by projecting the head-to-neckli...