Powermech Projects Ltd. The stock gave a spectacular rally after an inverse head n shoulder breakout. Almost 1.5x from 1000 level. Now formed a head n shoulder top near a long term resistance. Fundamentally solid and it will post great result that might cause it to come up again but won’t be interested till it takes out the previous swing high of 2400. Till then even if it comes up due to good result it can form a lower high. Like laurus lab did after a hns top formation.
Laurus lab chart
