SPORTKING INDIA LTD – Inverted Head & Shoulders Pattern
The weekly chart shows a classic **inverted head and shoulders** formation:
- 👈 **Left Shoulder**: Shallow trough
- 🔽 **Head**: Deep central low
- 👉 **Right Shoulder**: Higher trough mirroring the left
Price action around ₹132.48 suggests a potential **bullish reversal**, indicating that the prior downtrend may be bottoming out. A breakout above the neckline would typically confirm upward momentum—worth watching for volume confirmation and resistance levels.
Let me know if you’d like projected targets or neckline levels next!
