Bias: Bullish
Epack Prefab Technologies is breaking out of a completed Inverted Head & Shoulders pattern on the daily timeframe, with price clearing the neckline zone (~₹215-220) today with a strong +8.99% candle.
Pattern Structure:
• Left Shoulder — formed Feb 2026, low ~₹175
• Head — deepest low ~₹130 (Feb-Mar 2026), marking peak bearish exhaustion
• Right Shoulder — formed May-Jun 2026, low ~₹175 — shallower than the head, confirming reduced selling pressure
• Neckline — horizontal resistance zone ~₹215-220 (blue shaded area), now broken
Two reasons for the bullish bias:
1. Inverted H&S breakout — all three components complete, right shoulder shallower than the head, neckline clearly defined and now broken
2. Right shoulder held above the left shoulder low — symmetry intact, a sign of a well-formed, reliable pattern
Measured Move Target:
Pattern height (neckline ~₹218 minus head low ~₹130) = ~₹88. Projected target: ~₹306.
Trade Parameters:
• Entry: Current levels (~₹225-230) or on a retest of the neckline zone (~₹215-220)
• Target 1: ₹270
• Target 2: ₹306 (measured move)
• Stop Loss: Daily close below ₹175 (right shoulder low)
• Trade Duration: 6 – 10 weeks
Invalidation:
Daily close below ₹175 invalidates the setup.
Note: Volume on the breakout is moderate — watch for expansion in subsequent sessions to confirm sustained buying.
For educational purposes only. Not financial advice.
#EPACKPEB #EpackPrefab #NSE #InvertedHeadAndShoulders #TechnicalAnalysis #SwingTrading #IndianStockMarket #Education #TradingView
Epack Prefab Technologies is breaking out of a completed Inverted Head & Shoulders pattern on the daily timeframe, with price clearing the neckline zone (~₹215-220) today with a strong +8.99% candle.
Pattern Structure:
• Left Shoulder — formed Feb 2026, low ~₹175
• Head — deepest low ~₹130 (Feb-Mar 2026), marking peak bearish exhaustion
• Right Shoulder — formed May-Jun 2026, low ~₹175 — shallower than the head, confirming reduced selling pressure
• Neckline — horizontal resistance zone ~₹215-220 (blue shaded area), now broken
Two reasons for the bullish bias:
1. Inverted H&S breakout — all three components complete, right shoulder shallower than the head, neckline clearly defined and now broken
2. Right shoulder held above the left shoulder low — symmetry intact, a sign of a well-formed, reliable pattern
Measured Move Target:
Pattern height (neckline ~₹218 minus head low ~₹130) = ~₹88. Projected target: ~₹306.
Trade Parameters:
• Entry: Current levels (~₹225-230) or on a retest of the neckline zone (~₹215-220)
• Target 1: ₹270
• Target 2: ₹306 (measured move)
• Stop Loss: Daily close below ₹175 (right shoulder low)
• Trade Duration: 6 – 10 weeks
Invalidation:
Daily close below ₹175 invalidates the setup.
Note: Volume on the breakout is moderate — watch for expansion in subsequent sessions to confirm sustained buying.
For educational purposes only. Not financial advice.
#EPACKPEB #EpackPrefab #NSE #InvertedHeadAndShoulders #TechnicalAnalysis #SwingTrading #IndianStockMarket #Education #TradingView
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.