This chart setup is slightly different from the conventional pattern. It appears to be a sloping Inverse Head & Shoulders formation, with a rising neckline connecting the swing highs.
The price is currently attempting to break above this neckline, which is a constructive sign. While the pattern remains bullish, a minor pullback or retest cannot be ruled out before the next leg of the uptrend begins.
If the breakout sustains, the pattern projects a potential price target of around ₹290 in the coming sessions.
